From bilateralism to a system: Europe’s early trade treaties and lessons for EU trade policy in a contested world
As tensions rise between major powers and the global trading system becomes more contested, policymakers often frame the choice they face starkly: either deeper centralised
The effects of geopolitical supply chain shocks on policy preferences of firms
Do geopolitical shocks to supply chains make firms retreat from globalisation? Using new survey data from 1,855 manufacturing firms in Japan, this column shows that
An alliance for open trade: How to counter Trump’s tariffs
The US administration’s latest threat to impose sweeping new tariffs on many of its closest allies signals a renewed embrace of aggressive unilateralism and misunderstood
Missing tariffs: How flawed data turn trade policy analysis into a Herculean task
When the Trump administration pledged to impose “reciprocal tariffs” on countries with “unfair” trade practices, trade economists scrambled to determine what such tariffs might look
