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International trade under attack: what strategy for Europe? Bruegel Policy Contribution Issue n˚12 | August 2018

Jean, Sébastien and Martin, Philippe and Sapir, André (2018) International trade under attack: what strategy for Europe? Bruegel Policy Contribution Issue n˚12 | August 2018. [Policy Paper]

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    Abstract

    The multilateral trading system is seriously threatened by the country which has been its main inspirer, the United States. The US position is focused on bilateral trade imbalances presumably resulting from unbalanced trade policies, but it is flawed. Not only does it make little sense given the existence of global value chains, but it also misses its target: what matters most are aggregate trade surpluses and deficits, which depend above all on the differential between domestic investment and savings, and little on trade policy.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > External relations > EU-US
    EU policies and themes > External relations > international trade
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 14 Sep 2018 11:19
    Number of Pages: 16
    Last Modified: 14 Sep 2018 11:19
    URI: http://aei.pitt.edu/id/eprint/94382

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