Rebalancing the world economy: Right idea but wrong approach
Richard Samans on why tariffs wonโt fix global imbalances and why Europe may be best positioned to lead a bold G3 solution with the U.S. and China.
As anticipated, a US court unanimously voided the "reciprocal" #tariffs. The Admin now must work with Congress, as it should have already. Better yet, use its #trade leverage to compel talks on the real driver of global imbalances--the misaligned #macroeconomic policies of China, Europe and US:
29.05.2025 19:34 โ ๐ 2 ๐ 1 ๐ฌ 0 ๐ 0
Rebalancing the world economy: Right idea but wrong approach
Richard Samans on why tariffs wonโt fix global imbalances and why Europe may be best positioned to lead a bold G3 solution with the U.S. and China.
Charting a course out of the #trade crisis -- longform essay of mine published today by @brookings.edu that proposes a more effective and less risky way to rebalance the #worldeconomy by directly addressing the fundamental drivers of big imbalances:
www.brookings.edu/articles/reb...
11.04.2025 20:57 โ ๐ 8 ๐ 4 ๐ฌ 0 ๐ 1
International tax policy specialists are likely next in line: bsky.app/profile/rsam...
06.03.2025 20:34 โ ๐ 0 ๐ 0 ๐ฌ 0 ๐ 0
Next, a global tax war? The Trump Admin. is preparing four major int'l. tax battles likely to pour fuel on the fire of its escalating tariff wars. Is the nuclear doctrine of Mutually Assured Destruction (MAD) madly about to be applied to the world economy? Blog: richardsamans.net/blog-post/ne...
06.03.2025 16:42 โ ๐ 0 ๐ 0 ๐ฌ 0 ๐ 1
Might there be a method to the Trump trade policy madness? โ Richard Samans
A charitable interpretation of the Administration's shocking trade announcements has been making the rounds speculating that they are mere tactics in a larger s
Might there be method to the Trump trade policy madness? A charitable interpretation has been making the rounds speculating that the tariffs are mere tactics in a bigger play for global #macroeconomic rebalancing and int'l. #trade and #monetary system reform. Blog: richardsamans.net/blog-post/mi...
24.02.2025 07:31 โ ๐ 1 ๐ 0 ๐ฌ 0 ๐ 0
Trumpโs Meat Ax Trade Initiative Addresses a Serious Issue but . . . โ Richard Samans
Taken at face value, the announced approach is unconstitutional and administratively unworkable --- in addition to running the risk of huge collateral damage at
Pres. Trump's reciprocal trade initiative addresses a serious issue, but taken at face value it is unconstitutional and administratively unworkable, while risking huge collateral damage at home and abroad. He needs to work with and seek approval of Congress. Blog:
richardsamans.net/blog-post/tr...
22.02.2025 13:11 โ ๐ 1 ๐ 0 ๐ฌ 0 ๐ 0
Head of Analytics at Global Trade Alert๐จ๐ญ| Trade & Industrial Policy, Geoeconomics & Geopolitics | PhD in Business Economics
Co-director, Urban-Brookings Tax Policy Center
Professor of Economics
University of Cape Town
South Africa
Many posts will be about international economics and/or politics. Plus other topics that are on my mind.
Senior editor at The American Prospect, cohost and producer of the @leftanchor.bsky.social podcast https://www.patreon.com/leftanchor
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Prof of Intโl Econ @IMD_Bschool; Founder & Editor-in-Chief @VoxEU; NonRes Fellow @PIIE
Books:The Globotics Upheaval 2019, The Great Upheaval 2016.
MIT Econ PhD
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Executive editor, The American Prospect. Author, Chain of Title and Monopolized. Tips at ddayen-at-prospect-dot-org or Signal at ddayen.90
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Non-Resident Research Fellow & former Chief Economist UNU-WIDER Helsinki. ๐บ๐ณ๐ซ๐ฎFormer Professor of Economics, University of Copenhagen.๐ฉ๐ฐAlso Manchester & Warwick universities ๐ฌ๐ง
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Associate Professor, Sciences Po & Co-Director, World Inequality Lab, Paris School of Economics || Global inequality ยท Climate Change ยท Politics of Taxation and Redistribution || www.lucaschancel.com
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