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trade Business Featured News World

Trump tariff policy, uncertainty, and the role of economics

President Trump’s tariff policy is shaking the global economy and generating high levels of trade policy uncertainty. This column challenges the economic reasoning behind recent US trade policies. It argues that tariffs generally lower economic welfare by distorting resource allocations. Furthermore, the resulting trade policy uncertainty will have additional negative effects on the global economy […]

poverty Development Economy Featured Finance World

Most of the developing world is turning into a development-free zone

Only six months ago, a “soft landing” appeared to be in sight: the global economy was stabilizing after an extraordinary string of calamities both natural and man-made over the past few years. That moment has passed. The world economy today is once more running into turbulence. Without a swift course correction, the harm to living standards […]

trade Featured News World

Moderate growth amid global trade uncertainty: The Commission’s Spring 2025 Forecast

President Trump’s sweeping “reciprocal tariffs” announced on 2 April sent shockwaves through the global economy. This column introduces the European Commission’s Spring Forecast, which depicts a resilient EU economy. Yet growth is set to remain modest, reinforcing the image of a continent buffeted by external shocks and mired in low growth. Tariffs, and even more […]

Technology Business News World

Nvidia supplier Foxconn cuts outlook due to currency appreciation

Taiwan’s Foxconn, the world’s largest contract electronics maker, downgraded its full-year outlook on Wednesday citing recent appreciation of the Taiwan dollar, even as it struck an upbeat note about booming demand for AI servers. Foxconn, Apple’s top iPhone assembler and Nvidia’s AI server maker, has ridden the crest of the wave for artificial intelligence demand, but is […]