Challenges to the integration of the Western Balkans into European Union supply chains
Western Balkan economic integration with the European Union has advanced significantly over the past two decades, driven by trade liberalisation and significant EU foreign direct
AI rally fizzles as Middle East ceasefire goes on ‘life support’
Oil rises, stocks fall as Middle East ceasefire falters and Strait of Hormuz remains blocked. Oil crept higher and the dollar rose on Tuesday as
Beyond tariffs: A better approach to green industrial policy
Governments impose tariffs to protect domestic clean-energy industries and accelerate decarbonisation, but tariffs can increase the costs of deploying clean technologies. This column analyses the
How the tariff war shock affected the ‘safe asset’ privilege of US Treasuries
US Treasury securities serve as the global safe asset due to their extreme safety and liquidity. However, the tariff shock in April 2025 led to
Don’t swap tariffs for minimum prices on Chinese electric vehicles
One year after the European Union imposed sweeping anti-subsidy duties on battery electric vehicles imported from China, the data tell a story very different from
The risk of tariffs as a tool to attract manufacturing investment
Recent tariff increases have sparked a debate over whether trade protectionism can effectively attract foreign investment. This column analyses how firms adjust their investment strategies
Two decades of Chinese industrial subsidies
China’s industrial policy has become a central flashpoint in global trade debates, yet systematic evidence on what China actually does remains scarce. This column reveals
Changing tariff treatment and the exports of developing countries
Recent changes in the tariff policies of the US and China are likely to affect developing countries in complex ways. This column argues that pre-existing
Navigating the complex world of non-tariff measures
For decades, global trade debates have centered on tariffs – the duties countries impose on imported goods. Today, a new, more complicated set of trade
Tariffs, global imbalances, and the dollar
While the Trump administration has offered multiple justifications for imposing tariffs, none has been as prominently cited as the goal of reducing trade deficits. This
