The US embrace of power politics violates both the letter and spirit of the WTO’s GATT, undermining the integrity of the multilateral trading system. Henrik Horn and Petros Mavroidis suggest that such violations are unlikely to cease in the foreseeable future

History is full of evidence that tariffs harm economic performance. Michael Bordo and Mickey Levy assess the two waves of globalisation in modern history and how they were interrupted by tariffs and barriers to trade, and outline possible scenarios and probable outcomes

Trump is correct to seek to revitalise American manufacturing. Stephen Ezell and Rodrigo Balbontin argue that the heavy reliance on tariffs is counterproductive and urge a smarter strategy focused on strategic investments in R&D, trade agreements, and support for innovation ecosystems

Global political tensions have amplified economic uncertainty. Roberta Arbolino and Paolo Di Caro evaluate the negative implications for consumption, investment, and saving decisions, and for the effectiveness of structural policies

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

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