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…
Philippe Waechter's blog
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…
The US-UK trade deal is primarily political
The trade deal between the United States and the United Kingdom was announced as the event. British goods entering the United States will be subject to a 10% tariff, as…
Will the dollar depreciate?
The dollar is structurally overvalued given its external deficit. In any economy, such a deficit would have resulted in a sharp and lasting depreciation of its currency. This is not…
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…