Daniel Gros

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

It is actually China that depends on the US (and others) for higher value-added rare-earth compounds

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

Windmill wars

The best way to overcome opposition from local communities is to offer them financial compensation

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

The average effective tariff rate that the US has applied remains much lower than what the American president’s pronouncements would suggest

Former Italian prime minister and economist 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 Europe.

Europe’s flawed investment strategy

The focus should be on strengthening its innovation ecosystem, rather than simply investing more

Workers in Austria. While manufacturing declined in both the EU and US, Europe's exports had increased to give new employment opportunities to workers.
THE BOTTOM LINE

Why Americans and Europeans disagree about globalisation

Diverging views on trade are due to differences in institutions, social resilience and political narratives

If China limits exports of low-value rare-earth metals, it risks the supply of the rare-earth compounds that its manufacturing sector needs.
THE BROAD VIEW

The mirage of geoeconomics

The use of economic tools, from tariffs to export licensing, to advance geopolitical goals is likely to prove ineffective – or even...

Even if America’s current-account balance improves temporarily, the overall current-account deficit is likely to persist, as will the surpluses of other major economies, such as China, the EU and Japan.
THE BROAD VIEW

The indirect impact of Trump’s tariff war

A major reshuffling of bilateral trade balances is in the offing

European policymakers must also resist the temptation to react to the “flood” of cheap Chinese goods that are diverted from the US market to Europe.

Can a global trade war be avoided?

If the rest of the world responds wisely, the damage could be largely limited; the EU will be the key actor to...

Beyond financing, Europe is equipped to provide most of the military supplies Ukraine needs, like tanks, guns, and ammunition.

Europe can easily safeguard Ukraine

The EU, Norway, and UK have all they need to keep Russia at bay, even without US support

 While one can always find examples of burdensome regulations in a large, advanced economy, there is no evidence that regulation has become systematically heavier over the last decade.

The revolt against regulation

The new push for deregulation in the US and the EU would be unlikely to yield substantial benefits in the best of...