MILAN: A few years ago, there was an overarching global consensus on trade: the freer, the better. Only nerdy economists spent much time agonizing over the details of trade policy, and special-interest groups were pretty much alone in advocating...
MILAN: An overwhelming majority of economists are convinced that, contrary to what US President Donald Trump apparently believes, tariffs cannot mitigate a current-account deficit. But there is little recent evidence for this position, for the...
BRUSSELS: On April 2, US President Donald Trump proposed sweeping tariffs on nearly all of America’s trading partners, wiping more than $5 trillion from the value of global stock markets, and fuelling recession fears. In the face of the...
