An update on the great reallocation in US supply chain trade
The era of hyperglobalisation has given way to a more fractured trade policy landscape. This column uses detailed US import data over 2013-2025 to analyse
Trade policy uncertainty and supply chain disruptions: Firm-level evidence from “Liberation Day”
The US announcement on 2 April 2025 of “Liberation Day” tariffs created an unexpected, precisely timed, and country-specific episode of trade policy uncertainty. This column
Tariff avoidance and import measurement: Lessons from the first US-China trade war
Until 2018, the US-China trade data gap was in line with the discrepancies found in the bilateral trade data of China and its other partners,
