Jonas Nahm
@jonasnahm
Associate Professor at Hopkins/SAIS. Former White House industrial strategy economist. Industrial policy, trade, climate, economic security. Views my own. DC | HNL. 🏳️🌈
1/ Amid all the hype around China's 15th FYP, worth revisiting this CTVC piece to understand how clean tech financing actually works in China — and what it means for Western strategy. www.ctvc.co/an-insiders-...
Industrial policy is back — and it's changing fast. What started as "green" strategy is now a global race for clean tech competitiveness and economic security. But do we actually know what works? That's what we're asking at the New Energy Industrial Strategy (NEIS) Center. /1
18/18 Meg Rithmire's key insight: Industrial advancement can't make the distorted macroeconomic math work. China may create "islands of competitiveness" but without politically difficult systemic reforms the imbalances persist. Full text: online.ucpress.edu/currenthisto...
Intel immediately files with the SEC warning that Trump's government stake could kill their international sales because apparently foreign customers aren't thrilled about buying chips from America's newest state-run enterprise. www.washingtonpost.com/technology/2...
Looking at 1913 tariff rates hits different when you realize we're doing the exact same thing right now.
Not sure I agree with the notion of a 'deal' here -- these are broad framework agreements with the details yet to be worked out, and many sticking points papered over in announcements. Could fall apart quickly! www.ft.com/content/50f8...
Just back from Shanghai where you can now buy phones and cars in the same store as electronics firms push into EVs.
Conversations with your imaginary friend. www.nytimes.com/2025/04/25/u...
"A closely-watched poll of consumer morale, from the University of Michigan, has found that economic expectations have fallen by a “precipitous” 32% since January, which they say is the biggest three-month drop since the economic downturn 35 years ago." www.theguardian.com/business/liv...
"Canadian flight reservations to the US are down 70% through September versus the same period last year." www.bloomberg.com/news/article...
"The total number of overseas visitors travelling to the US dropped by 12 per cent year-on-year in March, the steepest decline since March 2021 when the travel sector was reeling from pandemic restrictions, according to the ITA data."
More turbulence ahead for trade and shipping. USTR expected to impose sharp docking fees for China-made ships starting April 17.
So this is where we are at. In addition to suffering through the turmoil caused by the President's economic policies, countries can "simply write checks to the Treasury" to rebalance the global economy.
The tariffs are not helping with the energy dominance agenda. Making renewables more expensive will make it harder to meet growing energy demand. Great figure from Semafor this morning.
Economic uncertainty index hits record high, beats covid lockdown levels. Not the climate you want if your plan is large-scale domestic reindustrialization.