Disentangling trade policy uncertainty and equity market performance

Despite headlines dominated by threats and implementations of US and retaliatory tariffs since President Trump’s inauguration, it was not until his “Liberation Day” announcement on
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
New eBook: Trump’s Great Trade Hack

President Trump’s 2025 tariffs mark the onset of the post-American leadership era. This column introduces The Great Trade Hack, a new CEPR Rapid Response book

