2025 vs 2008, which crisis is more serious?
Is the crisis caused by Donald Trump’s economic policy choices, by the unpredictability of announcements, their cancellation or withdrawal, more serious than that of 2008? At that time, the ground…
Philippe Waechter's blog
The United States, China, tech and the climate
The United States’ incomprehension of China is expressed in JD Vance’s remarks on globalization: “The idea of globalization was that rich countries would move higher up the value chain, while…
The World According to Trump – Part 2 –On the impossibility of killing two birds with one stone
The prerequisiteIndicators of distrust in Donald Trump’s economic policy are multiplying.According to the University of Michigan survey, American consumers are very worried. In April, they expect inflation to rise sharply…
Understanding the importance of international trade
Donald Trump’s announcement regarding tariffs came as a bombshell. The United States’ trade deficit must be reduced at all costs. There are four dimensions to analyzing a country’s foreign trade.…
The World According to Trump – Faulty Premise – Part 1
In less than a week since Donald Trump’s announcements on tariffs, the foundations of the global economy have been called into question. There is the economy of the past and…
And how should Europe react?
A bilateral trade deficit in the United States necessarily reflects manipulation and taxes by the other country. It must therefore be corrected. This is the spirit of the measures announced…
Not all of them died, but all of them were sick
The big day has arrived. Donald Trump has imposed exorbitant tariffs on the rest of the world.The basic rate will be 10% for all products entering the United States, but…
The Recomposition of the World – Part 2
The era of globalization saw the rationality of trade and its proliferation emphasized. Each participant could benefit from trading. The model was positive-sum. Such a framework facilitated peace between nations,…