Ignacio García Bercero argues that the current turbulence being experienced by the world economy is also an opportunity for the EU to forge a coalition in support of rules-based trade and global trading system reform
Read more
The European Union is a pillar of the trading system. Ignacio García Bercero argues the EU should plan for both the short term and the long haul in trade talks with the United States
Read more
Lesetja Kganyago discusses the strengths, achievements, and challenges of the G20, particularly focusing on how process issues hinder effective policy formulation, emphasizing the need for a more focused agenda and streamlined processes to enhance the G20’s effectiveness
Read more
In the past most government spending was funded from import tariffs. Simon Evenett and Marc-Andreas Muendler discuss whether this practice could work today, paying attention to the displacement effect on revenues
Read more
Agnès Bénassy-Quéré considers the idea that there could be lasting reversal of exchange rates following an international currency agreement highly speculative, and argues that a multipolar system would attenuate the Triffin dilemma and provide the US with a deficit-adjustment tool
Read more
The tariff policy of the United States is coming to light. Ignacio García Bercero argues that the European Union should reinforce European leadership and seek allies as part of a strategy on US tariffs, and should not get sucked into US decoupling from China
Read more
The European Union should form an international open trade coalition in response to Trump’s tariffs, says André Sapir. A formal commitment to open rules-based trade by the EU and likeminded countries is essential to respond to today’s dangerous new trade reality
Read more
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
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
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