Europe faces a structural shift
More EU debt issuance would be the best response to Trump’s tariffs, Silvia Merler argues that the European Union should think strategically and seize the opportunity to fill the void created by Trump
Read more
Author: Op-ed
Tariffs and digital services
EU targeting of digital services in tariff retaliation would present challenges. Bertin Martens argues that the European Union lacks an instrument to unpick crossborder transactions on US digital platforms
Read more
Not Triffin, not Miran
We no longer live in a world where the reserve status of the dollar hinges on the US current account. Biagio Bossone says that status now depends on the credibility of US institutions, the depth of its markets, and the robustness of the infrastructure that underpins the global dollar system
Read more
Upending the global trade policy landscape
The tariff measures represent a seismic shift in the global trading landscape. Simon Evenett and Johannes Fritz discuss how the US has moved away from rules-based trade governance toward a results-oriented and probably a more transactional approach
Read more
Why America is acting this way on trade
If Trump’s trade policy is the earthquake, the long-standing hardships confronting America’s middle class are the tectonic plate shifts that made it inevitable. Richard Baldwin considers US trade hesitancy
Read more
Leading a Trump-tariffs response force
Trump’s tariff announcement marks a turning point. Ignacio García Bercero argues that the European Union should work with Indo-Pacific and Global South trade partners to tackle US protectionism and push for WTO reform
Read more
AI, fintechs, and banks
It’s only a matter of time before technological advances turn current generative AI issues into challenges rather than insurmountable problems. Michael Barr has high hopes for generative AI in making a sound and resilient financial system for all
Read more
Trump’s non-cooperative game
President Trump is once again waging a ruthless economic battle against the rest of the world. Sylvester Eijffinger turns to non-cooperative game theory to attempt to understand what Trump thinks the US will gain from this war
Read more
EU supply chain tectonics
The EU is adjusting its supply chains to mitigate risks and align with evolving trade and industrial policies. Román Arjona, William Connell Garcia and Cristina Herghelegiu argue that scaling up domestic production requires time and may exert some upward pressure on prices
Read more
Retaliation is the EU’s only real option
Reciprocal US tariffs undermine the transatlantic economy. Moreno Bertoldi and Marco Buti consider US tariffs, and argue that the impact of phased tariffs on US goods and services is worth the immediate cost to Europe
Read more