Global Economy

  

The bazooka diplomacy of Trump’s tariffs

President Trump’s recent pronouncements on tariffs have received considerable attention. Michael Gasiorek and Nicolo Tamberi take a step back and considers some of the broader arguments for raising tariffs and the potential repercussions

 

GVCs in an uncertain world

After a long period of rapid globalisation, the openness of the world economy has stagnated. Marius Faber, Gleb Kozliakov and Dalia Marin argue that increased uncertainty, coupled with ever more capable automation technologies, has likely contributed to this trend break

  

Globalisation recedes, conflicts multiply

Suzanne Berger considers the lessons learned from COVID-19 and how heightened war risks have added to the backlash against domestic manufacturing losses, undermining globalisation

  

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. Christine Lagarde and Ursula von der Leyen argue that Europe needs faster economic growth and higher productivity to protect the quality of life for Europeans

  

Draghi on a shoestring

The European Commission’s response to the Draghi Report is the Competitiveness Compass. Jeromin Zettelmeyer believes this would set up a conflict between industrial policy and the single market

  

Tariffs are coming

Donald Trump has promised a raft of new tariffs, prompting concerns about a concomitant increase in inflation. Diego Comin and Robert Johnson argue that tariffs do not necessarily raise inflation, which is a macroeconomic phenomenon