The New Tariff Regime: How the Trump Administration Is Upending the Global Trade Order

The New Tariff Regime: How the Trump Administration Is Upending the Global Trade Order

Please join us for a fireside chat with professors Matilde BombardiniAndrés Rodriguez-Clare, and Barry Eichengreen to learn more about rapidly evolving U.S. tariff policy and how it might impact trade, the economy, and international finance and policy. The discussion will include time for audience questions.

Panelists

  • Matilde Bombardini is a professor and the Oliver E. and Dolores Williamson Chair in the Economics of Organization at the UC Berkeley Haas School of Business. She is also the co-faculty director of the Clausen Center for International Business and Policy. Her research focuses on international trade and interest group politics.
  • Andres Rodriguez-Clare is the Edward G. and Nancy S. Jordan Professor of Economics and department chair of the UC Berkeley Economics Department. His research focuses on gains from trade; economic growth; multinational production and technology diffusion; and industrial policy.
  • Barry Eichengreen is the George C. Pardee & Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science in the UC Berkeley Department of Economics. His research focuses on international economic and finance issues, including exchange rates and capital flows; the European economy; Asian integration and development with a focus on exchange rates and financial markets; and the impact of China on the international economic and financial system.
  • Co-sponsored by the Haas School of Business, the Clausen Center for International Business & Policy, and UC Berkeley Social Science Matrix. 

Event Details

April 23rd, 2025
4:30pm-6:00pm

This event will be presented in the Wells Fargo Room (C420), on the 4th floor of Cheit Hall, at the UC Berkeley Haas School of Business.

This event is free and will be presented in-person and presented online via Zoom. Please register below. We will send a link to the Zoom presentation in advance of the event.

> REGISTER NOW

CONFERENCE ON GLOBAL ECONOMIC ISSUES 2025

CONFERENCE ON GLOBAL ECONOMIC ISSUES 2025

NOVEMBER 22, 2025
UNIVERSITY OF CALIFORNIA BERKELEY


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Venue

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UC Berkeley’s Clausen Center for International Business and Policy will hold its 5th biennial Conference on Global Economic Issues on Saturday, November 22, 2025. Details for the conference will be coming soon. Please bookmark this page and check back for further information.

The Clausen conference will host prominent economists, policymakers, and industry participants. This year we welcome Gordon Hanson, the Peter Wertheim Professor in Urban Policy at Harvard Kennedy School, to give the keynote address.


PROGRAM

8:30-9:00am Registration & Breakfast
9:00-9:15am Opening Remarks
9:15-10:30am Session 1 – Tariffs and U.S. manufacturing employment

Moderator: Matilde Bombardini, University of California, Berkeley

Panelists:
Justin Pierce Federal Reserve Board
Susan Helper Case Western Reserve University
Andres Rodriguez-Clare, University of California, Berkeley

10:30-11:00am Break
11:00-12:30pm Session 2 – Argentina’s Macroeconomic Reforms

Moderator: Maury Obstfeld, University of California, Berkeley

Panelists:
Luis Cubeddu Deputy Director, Western Hemisphere Department, International Monetary Fund
Fernando Alvarez University of Chicago
Juan Pablo Nicolini Federal Reserve Bank of Minneapolis
José Luis Daza, Deputy Minister of Economy, Republic of Argentina

12:30-1:45pm Lunch
1:45-3:15pm Session 3 – Policy Levers along the EV Supply Chain

Panelists:
Keith Head UBC Sauder
Edward McGlone 
Peak Energy

3:15-3:45pm Break
3:45-4:45pm Egon & Joan von Kaschnitz Keynote Lecture
Gordon Hanson, Peter Wertheim Professor in Urban Policy at Harvard Kennedy School
4:45-5:00pm Closing Remarks – Matilde Bombardini and Cecile Gaubert (Clausen Center Co-directors)
5:00-6:00pm Reception



Venue
All sessions will be held at:

Chou Hall
University of California Berkeley
Spieker Forum (6th Floor), Cheit Ln, Berkeley, CA 94720


Parking and Transportation

Parking
Parking Passes for participants can be reserved in advance.
Parking validation is available at Stadium Parking Lot.
Contact econevents@berkeley.edu to request a permit.

Transportation
Shuttle service will be provide to and from the conference venue for all those lodging at the Claremont Hotel.


Accommodation
Claremont Resort & Spa

Conference participants are responsible for any lodging expenses.

Please contact econevents@berkeley.edu for more information about discount rates.


Contact

For questions regarding conference logistics, please contact econevent@berkeley.edu

Responsible Sourcing? Theory and Evidence from Costa Rica

Responsible Sourcing? Theory and Evidence from Costa Rica

by Alonso Alfaro-Ureña, Benjamin Faber, Cecile Gaubert, Isabela Manelici, Jose P. Vasquez||

Multinational enterprises (MNEs) increasingly impose “Responsible Sourcing” (RS) standards on their suppliers worldwide, including requirements on worker compensation, benefits and working conditions. Are these policies just “hot air” or do they impact exposed suppliers and their workers? What is the welfare incidence of RS in sourcing countries? To answer these questions, the authors developed a quantitative general equilibrium (GE) model of RS and combine it with a unique new database. In the theory, they show that the welfare implications of RS are ambiguous, depending on an interplay between what is akin to an export tax (+) and a labor market distortion (−). Empirically,they combine the near-universe of RS rollouts by MNE subsidiaries in Costa Rica since 2009 with firm-to-firm transactions and matched employeremployee microdata. They find that RS rollouts lead to significant reductions in firm sales and employment at exposed suppliers, an increase in their salaries to initially low-wage workers and a reduction in their low-wage employment share. We then use the estimated effects and the microdata to calibrate the model and quantify GE counterfactuals. They find that while MNE RS policies have led to significant gains among the roughly one third of low-wage workers employed at exposed suppliers ex ante, the majority of low-wage workers lose due to adverse indirect effects on their wages and the domestic price index.

Costa Rican sourcing

Stablecoin Devaluation Risk

Stablecoin Devaluation Risk

by Barry Eichengreen, My T. Nguyen, Ganesh Viswanath-Natraj

Stablecoins’ reliance on centralized custodians introduces devaluation risk similar to that of traditional currencies under fixed exchange rate regimes. The authoers construct market-based measures of stablecoin devaluation risk using spot and futures prices for Tether, estimating an average devaluation probability of 60 basis points annually and peaking at over 200 basis points during the 2022 Terra-Luna crash. Key risk factors include market volatility and transaction velocity, with elevated interest rates indicating devaluation risk. Deviations from covered interest rate parity point to segmentation between traditional and stablecoin markets, driven by leverage trading and arbitrage costs. Our findings suggest the need for increased transparency and regulatory oversight to mitigate stablecoin risk.

Stablecoin

 

Global Economic Developments: A View from the IMF

Global Economic Developments: A View from the IMF

Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund, will join UC Berkeley students, faculty, and staff forGita Gopinath a town hall meeting on May 8, 2024 from 2:00pm-3:00pm at the Social Science Matrix venue. The event will feature an interview of Dr Gopinath conducted by current UC Berkeley students on topics ranging from debt sustainability to economic fragmentation and the role of the dollar in the global economy, followed by an open question period.

The Social Science Matrix is located on the 8th floor of the Social Sciences Building on the UC Berkeley campus. There are entrances at both ends of the building, but only one of the elevators on the eastern side goes directly to the 8th floor. You can alternatively take the stairs.

You must be registered to attend this event. Please note that this event is limited to UC Berkeley students, faculty, and staff. Attendees will be asked to present ID upon arrival. Please register using the link below:

> Register now

For more information about the event, please visit the UC Berkeley Social Science Matrix page.

If you require an accommodation for effective communication (ASL interpreting/CART captioning, alternative media formats, etc.) or information about campus mobility access features in order to fully participate in this event, please contact Chuck Kapelke at ckapelke@berkeley.edu with as much advance notice as possible and at least 7-10 days in advance of the event.

Presented by Social Science Matrix and the Clausen Center for International Business and Policy.