The biggest cloud hanging over the world economy is the incipient trade war with China launched by US President Donald Trump. But with America’s closest allies rejecting Trump's protectionism, can the US really afford to go it alone?
Jan 20, 2020 argues that America has been the biggest loser after two years of protectionism and free-wheeling sanctions.
Jan 2, 2020 & warn that in the current struggle between the US and China, both sides could end up losing.
Nov 27, 2019 says modest-sounding trade policies focusing on “shallow integration” could produce significant benefits.
Nov 25, 2019 says that, truce or not, a protracted economic struggle between the US and China has already begun.
Nov 7, 2019 proposes a framework that would allow both countries to maintain their own economic model.
Oct 28, 2019 & show that the country is in a position not only to survive US protectionism, but to thrive in spite of it.
Without further G20 action, the pandemic-induced recession will only deepen, hurting the world’s poorest and most marginalized people the most. Because the group represents 85% of global GDP, it has the capacity to mobilize resources on the scale required – and its leaders must do so immediately.
Although any joint EU action should be welcomed, the current COVID-19 response plan hardly amounts to a radical break with business as usual. Far from a long-awaited embrace of debt mutualization, the newly proposed European recovery fund risks being both politically unpalatable and economically inadequate.
