The United States in the Chinese trap
China has sparked hostilities over Trump’s trade policy. Donald Trump’s tariff policy was expected to increase inflation slightly, and this is the case, even if it is not spectacular. The…
Philippe Waechter's blog
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:…
The European Union in the American trap
The European Union and Japan are fighting the same battle. The tariff is the same (15%), the exception on steel and aluminum is identical at 50%, the market is opening…
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…
Is economic uncertainty consistent with robust financial markets?
Since the beginning of 2025, the economic landscape has changed. This change of direction primarily reflects the economic policy pursued by the White House in two dimensions: 1- the accentuation…
Europe facing itself
The milestone has been reached. Donald Trump has indicated that he wants 50% tariffs on products from the European Union as of June 1st. This tariff, announced on April 2nd…
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…