Powell at Jackson Hole… and then what?
Tonight in Jackson Hole, Jay Powell will deliver his final speech in this central bankers’ lair. It’s often an important venue for getting messages across. Draghi, Bernanke, Yellen, and even…
Philippe Waechter's blog
The strange relationship between the United States and China.
The Middle Kingdom was the focus of Donald Trump’s attention upon his arrival at the White House, with threats of brutal sanctions. This is no longer the case. By extending…
What effects have recent trade agreements had on the United States?
Summary of an interview with Radio Télévision Suisse So far, the effects are still moderate. There are several reasons for this. Donald Trump’s recent announcements setting tariffs at 18.3% (Source:…
What is a trade deal?
Since Donald Trump’s arrival in the White House, there has been talk of “trade deals.” Trade deals are needed, although the term is not clearly defined.According to conventional wisdom, a…
The American trap
As July 9 approaches, announcements and concerns about tariffs are back in the headlines. On April 2, Liberation Day, Donald Trump announced tariffs ranging from 10 to 50%, depending on…
A shadow committee against Powell?
The battle has resumed between Trump and Powell. Already in 2018, after appointing him to the Fed board, Donald Trump was very hostile to Jay Powell’s actions. In the current…
Already a failure of the tariff policy?
Tomorrow, May 20, Trump will celebrate his fourth month in office. It is, of course, too early to assess his economic policy. However, we can make a few observations about…
Lowering tariffs between the US and China
Chinese and Americans have partially buried the war axe on tariffs. The 145% rate on Chinese products entering the US is lowered to 30% and the 125% rate for US…