The dangers of an unpredictable leader

On the campaign trail, Mr. Trump slammed subsidy-driven approaches to attracting foreign investment in U.S. manufacturing. Putting tariffs on imported goods and saving subsidy outlays was his preference. Since 2017, the United States has seen two ...

Faced with looming trade tensions, security uncertainties and climate challenges, Europe is at a crossroads. It must seize the opportunity for bold reforms to secure its future as a global economic power. As the world prepares for Donald Trump's s...

Already certain American trading partners have received tariff threats to their exports, prompting questions as to how best to respond. Drawing on the lessons from the first Trump Administration, statements made by the President-elect and his circ...

After Donald Trump's election victory, global markets and governments are bracing for potentially seismic shifts in international trade. The US president-elect's promises of imposing substantial tariffs – up to 60 per cent on Chinese imports and 1...

Although counter-intuitive at first, higher import tariffs on goods can affect the value of cross-border services trade. Since higher U.S. import tariffs won’t change the net saving position of the United States, the current account remains the sa...

Unfortunately, some trade policymaking operates in a silo sealed off from macroeconomic logic. While some analysts have recently highlighted the constraints that macro relationships play should the U.S. raise import tariffs, I go further. Until Am...

National support measures for firms in sectors conducive to the net-zero transition are typically justified entirely on national terms. In fact, analysis reveals that subsidy awards and import curbs by one nation typically trigger similar response...