Alicia Garcia Herrero 艾西亞

As Trump's tariffs take shape, is America really winning? The president says his tariffs will spur America into a "golden age," but that remains far from certain. Here are five things about how his trade policies could impact the U.S. and global economies.

It will ultimately be "detrimental for the U.S. in the long run" and will lead to "payback." There's no carrots, only sticks. And this is very hard to swallow.
www.npr.org/2025/08/04/n...

As Trump's tariffs take shape, is America really winning? The president says his tariffs will spur America into a "golden age," but that remains far from certain. Here are five things about how his trade policies could impact the U.S. and global economies.

But there may be far-longer-term consequences that are hard to foresee. Trump's tariff tactics, for example, could change how countries view — or are willing to interact with — the U.S., eroding any trust or goodwill that America may have built up.

Views for @NPR on the #deals between #Trump and other economies: “I call this the psychology of surrender. Everybody is surrendering. That may lead to a near-term reaction by foreign consumers against the U.S. — akin to how Canadians retaliated against Trump's tariffs by avoiding American products.

Our latest piece in #zhonghua mundus newsletter published by @bruegel.bsky.social has come out: "Why have #European #companies lost their mojo in #China?"

mailchi.mp/bruegel/zhng...

Could “involution” be solved by companies’ investment decisions?
aliciagarciaherrero.substack.com/p/could-invo...

Rewiring Global Trade: Who comes out on top in the new trade game? | DW News Desk YouTube video by DW News

My interview with @DW News Desk on global #trade after #Trump and I focus on impact on #Asia. (37:15 - 1:04:05)
www.youtube.com/live/3J4O7JO...

China Tariff Truce Awaits Trump’s Final Decision | The Pulse 7/30/2025 US President Donald Trump is set to make the final call on maintaining a tariff truce with China before it expires in two weeks, an extension that would mark a continued stabilization in ties between ...

My TV interview with Bloomberg News @business on #Trump's stance on #China, what do the two countries need from each other. (25'30'' - 32'50'')
www.bloomberg.com/news/videos/...

#China: Private #firms lead in capital efficiency and innovation while state-owned giants rely on policy support
aliciagarciaherrero.substack.com/p/china-priv...

Where does China stand after US’ new trade deal with EU? Analysts say Washington could be hoping its agreement with Brussels offers the US more leverage over China.

Views for @scmpnews.bsky.social: "The US-EU trade deal basically only clarified that Europe would find it more costly to export to the US. So, Europe will swallow the 15 per cent tariffs, as everybody else is doing. It’s not a major game changer for China-EU relations."
www.scmp.com/economy/glob...

#BoJ preview: Positive developments on tariff negotiations but still premature to hike in July
aliciagarciaherrero.substack.com/p/boj-previe...

Europe is not getting enough out of the summits, as key issues like overcapacity and export controls remain unresolved.

YouTube video by CNBC International Live The EU is no longer benefitting economically from its trade with China: Natixis

My TV interview with @cnbc.com discussing #EU-#China trade relations. The EU views China as both a security and economic threat, even if it doesn't openly say so, and that trade relations between China and the bloc are in a vicious cycle that harms both sides.
www.youtube.com/watch?v=RkVe...

#Japan’s trade #deal with the #US is good news but pressure might not be over
aliciagarciaherrero.substack.com/p/japans-tra...

My TV interview with @BBC News on #EU-#US tariff deal and #EU-#China Summit. "Whether the #tariffs can be lower for EU is much depending on what the EU can offer to US. EU-China Summit is underwhelming with none of the economic issues can be solved, as it has been the case for years. "

Taking the Pulse: Does the EU-China Summit Show a Weakened European Hand with Beijing? The EU-China summit marks the fiftieth anniversary of diplomatic relations between Brussels and Beijing. Considering their current conflicting priorities, does the summit demonstrate Europe’s declinin...

Sharing my short comment on #EU-China #Summit published by Carnegie Europe:

carnegieendowment.org/europe/strat...

Taking the Pulse: Does the EU-China Summit Show a Weakened European Hand with Beijing? The EU-China summit marks the fiftieth anniversary of diplomatic relations between Brussels and Beijing. Considering their current conflicting priorities, does the summit demonstrate Europe’s declinin...

Sharing my short comment on #EU-China #Summit published by Carnegie Europe:

carnegieendowment.org/europe/strat...

Droits de douane : pourquoi le Japon se satisfait d’une taxe de 15 % avec les Etats-Unis Donald Trump menaçait jusqu’ici d’imposer un taux de 25 % sur les importations nippones. Ce nouvel accord constitue un soulagement relatif pour le secteur automobile du pays, qui pèse 8 % des emplois.

Mes opinions pour @lemonde.fr : « #Trump cherche clairement à sortir les pays d’Asie du Sud-Est de leur dépendance vis-à-vis des chaînes d’approvisionnement chinoises. »

www.lemonde.fr/economie/art...

Chine-Europe : une coopération invisible ? Pendant que les médias occidentaux se focalisent sur les tensions commerciales, un autre récit se tisse en coulisses. La Chine et l’Europe intensifient

Mon interview télévisée avec @L'Essentiel de l'Éco : #Chine-#Europe : une coopération invisible ?
lessentieldeleco.fr/2723-chine-e...

EU slams Ukraine Presented by ExxonMobil By TIM ROSS with ZOYA SHEFTALOVICH PRESENTED BY Send tips here | Contact us on X @NicholasVinocur @swheaton @TimRoss_1 | Listen to Playbook and view in your browser He bit t…

Some thoughts for @politico.eu: “With the #EU itself neck-deep in sensitive negotiations with the #US on tariffs, making friends with #Beijing probably wouldn’t go down well in Washington. I think the summit is going to be a disaster — as it should be.”

www.politico.eu/newsletter/b...

My Op-Ed for @ThinkChina: "Can #Trump reroute #Asia’s trade?"

www.thinkchina.sg/economy/can-...

#Japanese investors’ sell-off of #French fixed income seems to have stabilized waiting for better news
aliciagarciaherrero.substack.com/p/japanese-i...

I'm so glad to moderate the conversation with Mireya Solis and Kristy Hsu - who both are experts on Asian policy studies - organized by @CAPRI. We will discuss the impact of U.S. trade policy on Japan's economic security strategy and implications for Asia-Pacific region. Do join us if interested!

Chinese investors snap up stocks on hopes for an end to price wars and overcapacity China’s stock market is buzzing over government promises to tackle price wars that have hurt profits and worsened global trade tensions

Here are my views for @washingtonpost on #China's #overcapacity. "Recent comments by top Chinese economic officials suggest they realize something needs to be done. How much is action versus words, I don’t know, but I do think it’s a big problem for China.”

www.washingtonpost.com/business/202...

Markets in #China had been expecting some support for the #real estate sector after rumors about building more affordable housing, similar to 2016. The rumours have evaporated after the top leadership wrapped up the Central Urban Work conference.
www.news.cn/politics/lea...

China’s exporters shrug off the trade war—for now How long can they continue to do so?

Shipments of low-value goods which can easily be manufactured elsewhere—such as furniture, clothes, shoes and toys—to be most affected. Bicycles originally intended for export to America are already on sale at low prices on Chinese e-commerce sites.
www.economist.com/china/2025/0...

Views for @The Economist on Chinese economy: Export growth might slow to 2-3% year on year in the third quarter of this year, and perhaps just 1% in the last quarter.

Interview with @BBC News on #Chinese economy.

Trump Eyes Tariff Rate of 10% or 15% for More Than 150 Countries President Donald Trump said he would send letters to more than 150 countries notifying them their tariff rates could be 10% or 15% as he forges ahead with his trade agenda.

Views for @bloomberg.com: "For much of the world — and #Asia in particular, which faces among the highest levies — the rate announcement could be read as a positive, providing some certainty for smaller countries with a lower rate than initially threatened."

www.bloomberg.com/news/article...

NATIXIS #China #Corporate Monitor 2025 - Corporate health hurt by lower profit margin even if supported by cheaper funding
aliciagarciaherrero.substack.com/p/natixis-ch...

Weak domestic #demand, however, emerged as a concern, with retail sales declining, reflecting continued caution among consumers.