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
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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
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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
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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
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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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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
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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
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Donald Trump has launched an all-out attack on the rules-based international order. Olivier Blanchard and Jean Pisani-Ferry argue that the EU should take the lead in convening alliances of countries to counteract threats to the global order
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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
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The short-term implications of the new Trump administration for the US and the EU economies are potentially wide ranging. Moreno Bertoldi and Marco Buti argue that it could be more pervasive in the medium and long-term
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