
Niclas Poitiers
Articles
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2 weeks ago |
bruegel.org | Ignacio Garcia Bercero |Rebecca Christie |Uri Dadush |Niclas Poitiers
The major turbulence being experienced by the world economy could lead to a global recession and the collapse of the norms and institutions that have been critical for stability and economic development since the Second World War. In particular, the United States has adopted a level of tariff protection last seen in the 1930s and there are signals of financial instability that could weaken the role of the dollar in the international monetary system.
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3 weeks ago |
bruegel.org | Ignacio Garcia Bercero |Rebecca Christie |Uri Dadush |Niclas Poitiers
Since the suspension on 9 April by President Trump of so-called ‘reciprocal tariffs’ higher than 10%, the United States has announced trade agreements with the United Kingdom and China (on 8 May and 12 May, respectively). The UK agreement offers a preferential tariff rate quota (TRQ) on UK exports of steel, aluminium and cars, in exchange for preferential concessions for US beef and ethanol. The China agreement rolls back the 115% increase in tariffs that both sides introduced in early April.
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1 month ago |
bruegel.org | Armin Steinbach |Jeromin Zettelmeyer |Rebecca Christie |Niclas Poitiers
In this episode of the Sound of Economics, we look at Germany’s budget outlook under new Chancellor Friedric Merz and whether much-needed reforms to the so-called debt brake put Berlin on a collision course with Brussels. Host Rebecca Christie is joined by Bruegel's director, Jeromin Zettelmeyer, and Bruegel non-resident fellow, Armin Steinbach, to discuss the legal and economic implications.
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1 month ago |
bruegel.org | Niclas Poitiers |Rebecca Christie |Uri Dadush |Ignacio Garcia Bercero
President Donald Trump’s tariffs clearly pose a profound challenge to the global rules-based trading system, marking a huge shift after decades of multilateral trade liberalisation that had left tariffs at near-historic lows. The economic impact on the European Union is much less clear, however.
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1 month ago |
bruegel.org | Ignacio Garcia Bercero |Rebecca Christie |Uri Dadush |Niclas Poitiers
After two weeks of chaos, the tariff policy of the United States under President Donald Trump appears to be converging around three elements: 1) a baseline import surcharge of 10%, with the main purpose of raising revenue; 2) protective tariffs of 25% on steel, aluminium, cars and car parts, which are likely to be extended to pharmaceuticals and semiconductors; 3) special treatment for China, although it is unclear whether the US will maintain its current prohibitive tariffs (at time of...
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