The European Union should think strategically and seize the opportunity to fill the void created by Trump
The bazooka diplomacy of Trump’s tariffs
President Trump’s recent pronouncements on tariffs have received considerable attention from analysts, policymakers, and commentators. This column takes a step back and considers some of the broader arguments for raising tariffs – revenue, restriction, and reciprocity – and the potential repercussions. Even if Trump does not proceed with (all of) the announced tariffs, the increased uncertainty is likely to put off firms from trading with or from the US, lowering US exports and imports beyond the imposition of higher tariffs. In the longer term, we can expect a gradual decoupling of trade between the US and other countries.
Thoughts on the Trump Tariffs - Conversable Economist
It will take some time for the effects of President Trump's "Liberation Day" announcement of higher US tariffs to become apparent. Here, I'll just offer some notes and quick reactions. 1) The announced tariffs represent a very large increase. Here's a figure showing historical US tariff rates. You will notice that the average rates have
Why higher tariffs won’t shrink the trade deficit
In President Donald Trump’s executive order calling for reciprocal tariffs, he said that their main purpose is to reduce the US trade deficit. Economists have long argued that tariffs have no effect on trade balances.
Trump’s tariffs: Disregarding lessons from history and scenarios and probable outcomes
History is full of evidence that tariffs harm economic performance. This column assesses the two waves of globalisation in modern history and how they were interrupted by barriers to trade. The first wave started in the mid-19th century and lasted until WWI, while the second wave started after WWII and lasted until the Global Crisis of 2008-09. The most likely scenario going forward will feature tariffs around 12-14% on average, a mild recession, and a small hit to US longer-run potential. However, achieving diplomatic normalcy may take years of good US behaviour, and it is unlikely during the Trump administration.
America’s Fiscal Crisis Is Europe’s Chance to Build a Treasury Market of Its Own
The EU should seize the moment to gain strategic autonomy by creating its own safe asset.
Qu’est-ce que Trump a exactement obtenu de l’Europe ?
traduction française du billet de blog "I coulda made a better deal. What, exactly, did Trump get from Europe?" de Paul Krugman
Ce sont les consommateurs américains, non les étrangers, qui payent les droits de douane de Trump
traduction française du billet de blog "How goes the trade war? Consumers, not foreigners, are paying the Trump tariffs" de Paul Krugman
Trump peut-il réduire le déficit commercial américain ?
Traduction du billet de blog "Can Trump reduce the trade deficit?" de Paul Krugman
« Tariffs are coming » : menace de taxes douanières et rapports de force sous Trump II
La seconde présidence de Trump vit à l’heure de Game of Thrones. Un vent froid d’hiver souffle, chargé de tarif douanier, de bluff et de chantage.
‘Now we’re in a power struggle’: Europe’s resentment grows over Trump’s newest provocations
President Trump has backed off his threats toward Denmark's territorial sovereignty, but he and aides have continued to irritate much of Europe.
Trump offers Iran economic relief for concrete nuclear concessions
The offer provides a glimmer of hope for a diplomatic resolution to the war.
Ce que Trump peut apprendre de la Grande-Bretagne victorienne à propos du commerce international
traduction française du billet de blog "What the Edwardians could teach Trump about trade" de Paul Krugman
EU Wants To Break Up With US Tech
Wary of being vulnerable to the whims of foreign governments, the European Union is preparing far-reaching new moves to ditch American digital companies and Chinese chips in favour of European alternatives.
Germany’s fiscal stimulus plan shows Europe is learning the wrong lesson from Ukraine | Brookings
Robin Brooks considers the feasibility and impact of Germany's planned spending on the military and infrastructure.
Droits de douane : comment le projet radical de Trump pourrait ruiner l’économie américaine
traduction française du billet de blog "How Trump’s radical tariff plan could wreck our economy" de Paul Krugman
U.S. and Canada fall deeper into a trade war with new tariffs as talks collapse and blame is spread
President Donald Trump’s import taxes will hit about 5% of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors.
