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This paper extends the New Industrial Policy Observatory (NIPO) dataset from 2009 to 2023 by employing large language model techniques to identify policy motivations. We document widespread industrial policy adoption across advanced and emerging market economies since the Great Financial Crisis, which was implemented primarily through subsidies …
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Yesterday’s document amounts to little more than an update on the price the EU is prepared to pay to retain some access to the United States’ market and the plan of action—such as it is—going forward. To paraphrase Churchill, this represents the end of the beginning–not the beginning of the end. As this is not a binding accord, risk premia will…
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The Commission’s import surveillance task force was established in response to concerns about trade redirection arising from increased US tariffs on Chinese imports. The fear was that Chinese products unable to access the US market would seek alternative routes into the European Union—a phenomenon known as trade redirection or trade deflection. …
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On 12 May 2025, China and the United States released a joint statement that ended the recent escalation in tariffs. For 90 days each agreed to lower their tariffs by 115%. This only applies to import taxes imposed since 2 April 2025—all prior tariffs remain in force. China also agreed to suspend or remove “non-tariff countermeasures.” The partie…
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The official statements accompanying new UK-U.S. economic arrangements revealed on 8 May 2025 are both thin on detail and contain significant discrepancies on several key matters. The parties could not even agree on basic terminology – the UK carefully avoids calling it a “trade deal” while the U.S. embraces this label. This distinction matters …
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In the attached file, Global Trade Alert Founder Simon Evenett has added 34 remarks about the formal text issued concerning this Deal.
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