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The Trump administration's newly announced trade tariffs are set to reshape global economic dynamics, affecting supply chains, trade relationships, and market stability. As countries respond with countermeasures, industries worldwide brace for disruptions, with potential consequences for growth, inflation, and international cooperation. VoxEU explores the far-reaching economic impacts of these tariffs, analysing their implications for businesses, policymakers, and global trade.
The economic consequences of the second Trump administration: A preliminary assessment
The editors of CEPR's new eBook introduce the content and summarise a few of the conclusions that can be drawn from the first part of Trump's second term. They emphasise how the uncertainty inherent in Trump's policy development is likely to weigh negatively on both the US and global economy.
40 chapters from 50+ leading global economists, presenting expert analysis of the economic shifts unfolding following President Trump’s return to office
Ṣebnem Kalemli-Özcan Can Soylu Muhammed A. Yıldırım 27 Apr 2025
The authors develop a novel framework to study the interaction between monetary policy and trade to show that the net impact of tariffs on domestic inflation, output, employment, and the dollar depends on the endogenous monetary policy response in both the tariff-imposing and tariff-exposed countries, within a global general equilibrium framework.
THE GREAT TRADE HACK
How Trump's trade war fails and global trade moves on
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Richard Baldwin
Jean-Pierre Landau
