Tariffs

The Structural and Political Factors of the U.S. Reset with the World

The Structural and Political Factors of the U.S. Reset with the World

By Dhruva Jaishankar

For countries around the world — whether allies, partners, or competitors of the United States — there are important and immediate questions of how much and to what degree they will accommodate, or hedge against, the United States’ new approach to the world.

The impossible choice: tariffs, sanctions and fragmentation

The impossible choice: tariffs, sanctions and fragmentation

By Udaibir Das

In dynamic-system terms, the global economy has shifted from a high-integration equilibrium towards a more fragmented state, but the transition path is still in motion. For financial institutions, the challenge is calibrating marginal gain in resilience against the marginal erosion of competitive advantage.