Donald Trump has promised a raft of new tariffs, prompting concerns about a concomitant increase in inflation. This column argues that tariffs do not necessarily raise inflation, which is a macroeconomic phenomenon. Assumptions about how tariffs and trade evolve – whether tariff changes are temporary or permanent, and whether trade reacts immediately to those changes […]
Free trade agreements have long aimed to remove barriers that limit the movement of goods, services, and capital across borders. But in recent decades, such agreements have expanded to cover issues beyond basic trade. This column examines Free trade agreement provisions that support short-term business travel, using a specialised algorithm to analyse large volumes of […]