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Protectionism

Opinion | US protectionist craze hasn’t done its economy any favours

by Walter Watson
Opinion | US protectionist craze hasn’t done its economy any favours

Most worrying is what Maurice Obstfeld at the Peterson Institute recently called “a deep distrust of economic openness” – a bipartisan consensus that the open trade which has been nurtured …

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Opinion | EU elections: far-right rose on the back of centrist parties’ empty promises

by Walter Watson
Opinion | EU elections: far-right rose on the back of centrist parties’ empty promises

Since the last European Parliament elections in 2019, the political trajectory of several far-right parties has altered dramatically. The Alternative for Germany (AfD), a party which harbours neo-Nazis, has now …

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Nobel laureate Paul Romer sees diminishing returns for AI, as FDI still ‘killer app’ for emerging economies

by Walter Watson
Nobel laureate Paul Romer sees diminishing returns for AI, as FDI still ‘killer app’ for emerging economies

For Romer, though, waiting for AI to push worker productivity growth to new heights is a fool’s errand. The surest way to growth, he said, is foreign direct investment (FDI). …

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Opinion | Western protectionism will fail – China’s success isn’t down to subsidies

by Anas Siddiqui
Opinion | Western protectionism will fail – China’s success isn’t down to subsidies

US Treasury Secretary Janet Yellen has just been to China to complain about its overcapacity, subsidies and dumping in the global market. Plainly, this attack is aimed at justifying America’s …

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Joe Biden’s call for added steel, aluminium tariffs seen as play for key votes in election year

by Walter Watson
Joe Biden’s call for added steel, aluminium tariffs seen as play for key votes in election year

In a related move on Wednesday, Biden directed US Trade Representative Katherine Tai to start an investigation under Section 301 of the Trade Act of 1974 into China’s alleged subsidies …

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Trump’s 100 Percent Tariff On Chinese Cars Would Be A Disaster

by Horatio Thompson
Trump’s 100 Percent Tariff On Chinese Cars Would Be A Disaster

Former President and current candidate Donald Trump directed promises of potentially economically devastating tariffs toward China and Mexico during a rally at the Dayton, Ohio airport on Saturday. The twice-impeached …

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Opinion | As trade barriers go up in the West, the rest are ‘reglobalising’

by Walter Watson
Opinion | As trade barriers go up in the West, the rest are ‘reglobalising’

The reality is that the rich West is turning inward, building up fences along trade, finance, digital, migration and military lines. The EU Carbon Border Adjustment Mechanism, to be implemented …

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EU to blunt China’s edge on steel, aluminium exports as proposed carbon tax could reach 21%: Goldman

by Anas Siddiqui
EU to blunt China’s edge on steel, aluminium exports as proposed carbon tax could reach 21%: Goldman

The European Union’s move to implement the world’s first tax on carbon-intensive imports from 2026 could badly hit Chinese steel and aluminium makers, according to Goldman Sachs. The 27-nation bloc …

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Opinion | EU losing two trade deals would look less like misfortune, more like carelessness

by Walter Watson
Opinion | EU losing two trade deals would look less like misfortune, more like carelessness

In Oscar Wilde’s masterful play The Importance of Being Earnest, first performed in 1895, Lady Bracknell famously says that “to lose one parent may be regarded as a misfortune, to …

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China Is Mad At EU Over EV Market Probe: Report

by Horatio Thompson
China Is Mad At EU Over EV Market Probe: Report

The European Union launched an investigation into the recent “flood” of Chinese-built electric vehicles this week. European Commission President Urula von der Leyen unveiled discussions that Chinese EV makers are …

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