S4: Director's cut: A global trade triumvirate?

In this week’s Director’s Cut of ‘The Sound of Economics’
podcast, Bruegel director Guntram Wolff hosts a discussion with
Bruegel fellows Alicia García-Herrero and André Sapir on where
Europe will position itself between the two major trading powers
of China and the United States if relations continue to
cool.


Bruegel director Guntram Wolff begins his regular Director’s Cut
of ‘The Sound of Economics’ podcast with a broad assessment of
the recent fomentation of global trade tension, joined in
conversation by Bruegel fellows Alicia García-Herrero and André
Sapir.


Amid escalating trade tensions, Europe is still working out where
it stands between China and the United States. Reprieved – for
now at least – of inclusion in the US tariff on steel and
aluminium imports, the EU remains regretful of the prospect of
global trade war.


China, and Asia more broadly, faces a range of difficulties in
the event of a tariff tit-for-tat. Some countries will have to
choose where they align themselves; other countries will not have
the option to choose.


For a more in-depth look at global trade balances,
consider Nicolas Moës recent Bruegel blog post data on
bilateral trade, services, investment and protectionism between
Asia, Europe and the US in recent years.


Meanwhile, Francesco Chiacchio has written another blog post
identifying which sectors would be most vulnerable to any
deterioration in relations between the EU and the US.