Lessons from Canada’s carbon tax saga
Economists had presented the model as a powerful tool for lowering emissions
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UK should not fear trade with China – but needs to keep risks in check | Gerard Lyons
There is an opportunity for Britain in areas such as green finance, though it needs to keep clear red lines over security
The US is urging countries to agree new trade deals. The perceived risk is a bipolar world, where countries have to choose between the US and China. What are the implications for the UK?
In all likelihood this choice is avoidable. The global economy is so interconnected, fragmentation is more likely than a bipolar world.
Trump’s tariffs get one thing right: capitalism is changing | Avram C Alpert
The president’s protectivist trade vision is deeply flawed. But he has picked up on something Democrats are missing
Trying to understand Donald Trump’s across-the-board tariffs based solely on economic theory won’t work. As the US president himself said: “Chronic trade deficits are no longer merely an economic problem, they’re a national emergency that threatens our security and our very way of life.” That may be why, as many economists have pointed out, there’s simply no good economic case for his plans.
But few commentators have understood that facts and figures aren’t the whole point of the tariffs. As always, economics is part of a broader political vision. The tariffs help Trump make his claim that a way of life is under threat and he alone can protect it.
Blackstone offers €200mn return guarantee to fund UK railway arch deal
Promise is similar to a controversial enticement to University of California to halt a flood of redemptions
Bankers urge US companies to use reprieve in market swings to sell debt
US corporate debt markets have stabilised after volatility prompted by Trump’s ‘liberation day’ tariff announcement
