Of Interest/ESG News
you are currently viewing::Trump's latest global tariffs, announced on a self-proclaimed 'Liberation Day', will likely cause sharp short-term trade declines-and a significant surge in inflation for the USMarch 3, 2025—On 2 April 2025 - his self-proclaimed 'Liberation Day' - President Donald Trump once again announced new tariffs. This time, all US trade partners will face a minimum 'discounted reciprocal tariff' of 10%. For countries with trade surpluses deemed guilty of 'currency manipulation and trade barriers', tariffs could rise to nearly 50%. Southeast Asian export-driven economies will particularly be affected. Major trading partners-such as China (34%), the EU (20%) and Japan (24%)-will face intermediate rates, although they are extremely high by historical standards. Regarding China, the official White House communication is unclear, but Trump's press secretary indicated that these new tariffs are in addition to previously imposed and announced measures. The UK and several other countries will be subject to the 'baseline' 10% tariff. For Canada and Mexico, the situation is more complex, as previous fentanyl- and migration-related tariffs will remain in effect. Additionally, tariffs on goods already targeted (e.g. steel, aluminium and cars) will stay in place. Exemptions include inter alia copper, pharmaceuticals, semiconductors and lumber as well as energy imports and certain minerals that are not available in the US. Source: The Vienna Institute for International Economic Studies |
WTO and OECD release expanded dataset on trade in services covering over 200 economiess
February 17, 2025-New data on bilateral trade in services covering over 200 economies from 2005 to 2023 was released by the WTO and the Organisation for Economic Co-operation and Development (OECD) on 17 February.
OECD Services Trade Restrictiveness Index Policy Trends up to 2025
February 12, 2025- Abstract
The OECD Services Trade Restrictiveness Index (STRI) provides annually updated, comparable information on regulations affecting trade in services across 51 countries and 22 sectors from 2014 to 2024.
The Economic Costs of Temperature Uncertainty
January 24, 2025--Summary
Beyond its environmental damage, climate change is predicted to produce significant economic costs. Combining novel high-frequency geospatial temperature data from satellites with measures of economic activity for the universe of US listed firms, this article examines a potentially important channel through which global warming can lead to economic costs: temperature uncertainty.
