A column by Bertrand Garbinti (ENSAE/CREST) Cecilia García-Peñalosa (CNRS/EHESS/AMSE) Vladimir Pecheu (PSE, IPP) and Frederique Savignac (Banque de France)
Since 2018, the Trump administration has been waging a trade war through successive hikes in customs duties. Has this policy protected the American economy? Researchers argue that, by fuelling uncertainty, it may in fact be producing the opposite effect.