Richard Baldwin has been a great commentator on international trade (especially good on manufacturing share of labour) and his analysis of Trump’s tariff policy being ‘economically incoherent, but emotionally coherent’ rang true for me. Here he is with his latest take on what the
EU should do now that they have been hit with 30% across the board tariffs this week. If the EU should retaliate with tariffs on services, then we enter into a whole new world. Incidentally, Flexport have released this
Tariff Simulator, which is a close to real time way to calculate cost of importing goods.