The 2025 trade war: Dynamic impacts across US states and the global economy
In 2025, the US government announced a series of tariff increases targeting major trading partners, including Canada, China, and Mexico. This column estimates the economic
How the EU should plan for global trade transformation
The major turbulence being experienced by the world economy could lead to a global recession and the collapse of the norms and institutions that have
Recent trade policy actions: Insights from multiple models
Recent tariff measures by the US and countermeasures by its trading partners have dominated global policy debates. Using three economic models, this column shows how
