Showing 1 - 8 of 8
A 'retrospective' on Trump's first year back in job
Oped, Jeffrey Frankel, Published on 16/01/2025
» Predictions about 2025 come with flashing caveats: no one can know what US President-elect Donald Trump will do, let alone how the rest of the world will respond. But one can speculate. Imagine it is January 2026.
Elon Musk and his US$2 trillion fiscal fantasy
News, Jeffrey Frankel, Published on 27/11/2024
» When the US presidential election was called for Donald Trump, the yield on ten-year US government bonds increased from 4.3% to 4.4%, and the 30-year-bond yield rose from 4.5% to 4.6%, with both remaining at those levels ten days later. As the bond market declined -- higher yields mean lower prices -- the stock market rose. Clearly, investors expect the next Trump administration to produce higher government budget deficits and more debt.
Levy on China's cleantech hurts green transition
Oped, Jeffrey Frankel, Published on 27/06/2024
» With historic heat waves sweeping across the United States and other parts of the Northern Hemisphere, June is expected to be the 13th consecutive month of record-breaking global temperatures. The primary cause, of course, is the enormous amount of greenhouse gases (GHGs) in the atmosphere. Despite the threat posed by rising atmospheric concentrations of GHGs, emissions continue to increase at a faster pace than previously anticipated.
Europe's carbon border tax fights climate change
Oped, Jeffrey Frankel, Published on 29/05/2024
» The European Union's Carbon Border Adjustment Mechanism (CBAM), officially launched in October, now requires importers to report on the direct and indirect greenhouse gas (GHG) emissions embedded in the goods they import. Beginning in January 2026, the EU will start imposing tariffs on imports from countries that do not price carbon at the bloc's market rate, which could significantly affect carbon-intensive producers among its trading partners.
Is a global recession really coming up?
Oped, Jeffrey Frankel, Published on 19/01/2023
» The world's leading economists spent most of 2022 convincing themselves that, if the global economy was not already in a recession, it was about to fall into one. But with the year 2022 end, the global slump has been postponed to the present 2023.
Let the WTO referee carbon border taxes
Oped, Jeffrey Frankel, Published on 08/12/2022
» Perhaps the most important task confronting the international order is the enforcement of national limits on greenhouse-gas emissions, such as those that were negotiated in the 2015 Paris agreement. Carbon border adjustments could give these limits teeth, but fair application requires a revived World Trade Organization.
International trade: Is it a help or a hindrance?
Oped, Jeffrey Frankel, Published on 22/06/2022
» Leading economies have been afflicted with new problems over the past year. The United States is struggling with both supply-chain blockages and a critical shortage of baby formula. The European Union faces the threat of scarce energy supplies, owing to sanctions on Russian fossil-fuel exports. And almost all countries are experiencing high inflation.
Democrats no strangers to tariffs
News, Jeffrey Frankel, Published on 15/06/2018
» US President Donald Trump's aggressive approach to trade, which was on stark display at last week's G7 summit in Quebec, has elicited widespread derision. Critics point out that his tariffs hurt the domestic economy -- by raising costs for consumers and producers, and reducing foreign sales of farmers and other exporters -- while undermining America's relationships with its own allies. But there is one point that many observers get wrong: contrary to popular belief, Mr Trump's tariffs are not an unprecedented departure from historical Republican orthodoxy.