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
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Europe
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
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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
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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
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The transformative power of AI
All barriers that prevent the EU from being at the forefront of the AI revolution must be removed. Christine Lagarde says Europe should expect and prepare for major changes in two areas: productivity and labour markets
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Dilemmas for the EU
The EU is grappling with deficit-financing of defence expenditure and maintenance of fiscal discipline. Lucio Pench assesses the implications of the recourse to the escape clauses of the Stability and Growth Pact
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Climate expenditure for survival
Carbon emissions are rising. Patrick Bolton, Alissa Kleinnijenhuis and Jeromin Zettelmeyer argue that a coalition of willing wealthy countries should provide financing for the net zero transitions of developing countries
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How DeepSeek has changed AI
There have been major developments in artificial intelligence. Bertin Martens analyses innovations in AI models over the past half year and examines the economic implications for AI companies and policymakers
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The digital euro: retaining control
The digital euro is not just about creating a new form of money, says Philip R Lane. It is about ensuring that Europe retains control over its monetary and financial destiny in the digital age against increasing geopolitical fragmentation
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A robust strategy for a new era
The level of uncertainty is exceptionally high. Christine Lagarde says maintaining stability in a new era will be hard, and will require an ability to react as necessary
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