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Did Trumpian Tariffs Fix America’s Trade Deficit?
Tariff threats ballooned the deficit; actual tariffs returned it to the Biden average.
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Richard Baldwin
How Does the Trade War End?
The result could be an “armed” trade truce where escalation is avoided because the costs of total confrontation are too high. (posted 29 June 2025 on LI…
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Richard Baldwin
Why Did US Exports & Imports Fall after the Trumpian Tariffs were Imposed?
By Richard Baldwin, Professor of International Economics @IMD Business School,
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Richard Baldwin
Is America Rebalancing its Trade or Retreating from Trade?
Tariffs and trade deals promised renewal but are leading to isolation and loss of trade leverage.
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Richard Baldwin
Teaching Trumpian tariffs.
I forgot the middle section; now added. It's on discriminatory tariffs. Now updated and complete.
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Richard Baldwin
The Middle-Class Anger Behind Trump’s Trade War
A chart-based look at US middle-class malaise.
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Richard Baldwin

September 2025

Is China Still the World’s Sole Manufacturing Superpower After Covid?
China remains the world’s sole manufacturing superpower, but is losing ground.
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Richard Baldwin
Did Trumpian Tariffs Kill US Investment and Jobs?
No, but economic policy uncertainty probably did.
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Richard Baldwin
Are We Seeing Peak Trumpian Tariffs?
Economic pain for the middle class and looming midterms threaten Trump’s tariff leverage abroad.
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Richard Baldwin
Could the EU Repeat China’s Win Against Trump’s Tariffs?
Europe has the leverage to force an escalation and subsequent US tariff climbdown, but “can” doesn’t mean “should.”
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Richard Baldwin
Why Haven’t Trumpian Tariffs Done More Damage?
About half of US imports are exempt from the headline tariffs.
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Richard Baldwin

August 2025

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