February 1, 2017 | By Phil Levy, Brian Hanson

Border Tax Adjustment - Explained

What is a border tax adjustment, why is this national tax policy relevant to the global economy, and what headwinds does the proposed policy face from World Trade Organization and the US executive branch? Listen to Council senior fellow on the global economy Phil Levy and the Peterson Institute's Gary Clyde Hufbauer discuss with Council vice president of studies Brian T. Hanson. 

About

Phil Levy is senior fellow on the global economy at The Chicago Council on Global Affairs. Previously he was associate professor of business administration at the University of Virginia’s Darden School of Business. He was formerly a resident scholar at the American Enterprise Institute and taught at Columbia University’s School of International and Public Affairs. From 2003 to 2006, he served first as senior economist for trade for President Bush’s Council of Economic Advisers and then as a member of Secretary of State Rice’s Policy Planning Staff, covering international economic matters. Before working in government, he was a faculty member of Yale University’s Department of Economics for nine years and spent one of those as academic director of Yale’s Center for the Study of Globalization.

His academic writings have appeared in such outlets as The American Economic ReviewEconomic Journal, and theJournal of International Economics. He is a regular contributor to Foreign Policy magazine’s online Shadow Government section and writes on topics including trade policy, economic relations with China, and the European economic crisis. Dr. Levy has testified before the House Committee on Foreign Affairs, the Joint Economic Committee, the House Committee on Ways and Mean, and the US-China Economic and Security Review Commission. He received his PhD in Economics from Stanford University in 1994 and his AB in Economics from the University of Michigan in Ann Arbor in 1988.

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| By Alexander Hitch

Don’t Blame Trade: Low-Skilled Job Losses Will Not Be Solved by Protectionism

The clarion call of the disaffected, low-skilled worker became the soundtrack of the 2016 election. Indeed, President Trump claimed the presidency in no small part by promising to reverse the effects of globalization, railing incessantly against the US’s “horrible” trade deals. It does beg the question, though: Why didn’t anyone consider helping those alienated before? In fact, they did.


| By Phil Levy

An Economist Answers the Strong Dollar Call

Mr. President! So glad you called. No, it’s not too early; I was up anyway. You wanted to know whether a strong dollar or a weak dollar is good for the economy. Excellent question.


| By Phil Levy, Brian Hanson

Border Tax Adjustment - Explained

What is a border tax adjustment, why is this national tax policy relevant to the global economy, and what headwinds does the proposed policy face from World Trade Organization and the US executive branch?



| By Phil Levy

Brexit Is Not Just a British Problem

There are some surprising aspects to the way in which markets reacted in the immediate aftermath of the Brexit vote. There is enormous uncertainty about how Britain’s departure from the European Union will play out. But the early theme seems to be that the problem is a global one.