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 economics. This column argues that the only effective response is a coordinated one. Unified retaliation by a coalition of like-minded countries made up of the EU, Canada, Mexico, Brazil, and […]
The EU and the US have taken starkly different approaches to the regulation of new monies issued using distributed ledger technology. The current US administration prefers dollar-backed stablecoins, with the aim to reinforce dollar dominance worldwide. This column argues that dollar-pegged stablecoins pose a risk for the EU, but the current legal framework can ensure […]
In 2018 and 2019, the US administration hiked tariffs on imports from China. This column shows that imports from Mexico partly filled the gap, leading to an export and employment surge in Mexico. Using highly disaggregated firm-level data on Mexican exports, combined with detailed employer-employee data, the authors find that US tariffs against China resulted […]
Trade negotiations between the US and the EU are entering a crucial stage. This column argues that, faced with a highly uncertain geopolitical situation, the EU should adopt vis-à-vis the US a negotiating approach compatible with its ambition of enhancing its political autonomy and economic resilience on the one hand, and building international alliances able […]
