Daniel Gros

Mark Carney, Canada's prime minister, during the World Economic Forum’s 2026 meeting in Davos, Switzerland, described a “rupture” in the world order and called on middle powers to “act together”.

How the EU can lead the rest of the West

Nearly 40% of the EU’s total car production is for export, and the unit value of European auto exports is twice as high as that of imports from China.
THE BOTTOM LINE

Why Europe’s tariff plans on China won’t solve its trade problem

The European Union Emissions Trading System remains the most efficient instrument for limiting harmful emissions.

How should Europe respond to the energy shock?

Given that the US and the EU have the world’s most robust and important economic relationship, a transatlantic trade war would be very costly for both sides.

Europe’s best tools for countering Trump

The pattern of under-consumption in China will not be easy to break, as it would demand a wholesale transformation of the economy's structure.
PERSPECTIVE

The major economies’ prospects in 2026

Stablecoins operating on newer blockchains – such as Tether – are optimised for speed and throughput, but the transaction-processing capacity of blockchain-based technologies will always be subject to constraints.

Who’s afraid of stablecoins?

A screen showing the meeting between US President Donald Trump and China's President Xi Jinping in South Korea, outside a shopping mall in Beijing on Oct 30. China is not the rare-earth juggernaut it might seem to be.
THE BROAD VIEW

China’s rare-earth own goal

According to one US survey, community opposition causes 14-month delays, on average, for wind projects.
THE BROAD VIEW

Windmill wars

Since May, the US has collected tariffs of just 9 to 10%, on average, from its trading partners, owing partly to the fact that about half of all US imports still enter duty-free.

Global trade is winning Trump’s war on it

Former Italian PM Mario Draghi recommended last year that the EU increase annual investment by more than 800 billion euros. His report has now become the intellectual foundation for an ambitious strategy to revitalise growth in the region.

Europe’s flawed investment strategy