By Marta Bengoa
Tariffs can be withdrawn by proclamation as quickly as they were imposed, and the September 8 measures may well be traded away in the review that begins next summer. The conclusion Canada has reached about the reliability of its largest customer will take considerably longer to reverse.
By Shailesh Mishra and Uma Vatsa
What quantum computing could change, if it works, is the ceiling on what the decades after that can build, because the limits on ammonia, energy storage, and electricity transmission are set by chemistry we cannot currently calculate. Those limits are already known. Describing them precisely enough to hand to a machine is work that can start now.
By Jeffrey D. Bean
While the Pax Silica initiative has been criticized for being non-binding, unfocused, U.S.-centric, and inconsistent in its membership, it is nonetheless the best-placed plurilateral initiative to advance what has been a bipartisan consensus in the United States on U.S. technological leadership.
By Raul Alfaro-Pelico
When the African Union took its permanent member seat at the G20 in 2023, it was read across the continent as a long-overdue correction. Three years on, the question is narrower and harder. What does the seat actually buy?
By Caroline Arkalji and Piyush Verma
Green iron could become an important energy security and industrial competitiveness issue. Reducing dependence on imported coal, building domestic clean industrial capacity, and preparing for future export markets could all strengthen India’s long-term position.
By Marta Bengoa
Tariffs can be withdrawn by proclamation as quickly as they were imposed, and the September 8 measures may well be traded away in the review that begins next summer. The conclusion Canada has reached about the reliability of its largest customer will take considerably longer to reverse.
By Anit Mukherjee
The current crisis in the Middle East has demonstrated that ensuring energy security will remain a challenge for policymakers in the foreseeable future, especially for countries like India. At the same time, the current disruption provides an opportunity to initiate and build on energy sector reforms to make sure that countries are better prepared to deal with such shocks in the future.
By Marta Bengoa
Using outdated balance-of-payments provisions designed for fixed exchange rates makes no sense under current monetary arrangements. Trump can continue imposing tariffs within constitutional boundaries, but the constraints now bind more tightly. Whether this leads to a more sensible trade policy or simply shifts chaos to different legal authorities remains to be seen.
By Anit Mukherjee
Lula’s state visit to India will underscore the important role of Brazil and India as leaders of the Global South helping countries navigate geopolitical uncertainty, rebalanced global trade and supply chains, rapid diffusion of transformational technologies, and accelerating impact of a changing climate. With the United States hosting the G20 this year, a strong relationship between the two countries will be critical to consolidate the achievements and keep the priorities of the Global South on the agenda.
By Udaibir Das
When finance is discussed in the context of India’s trade agreements, the debate polarizes: either India is genuinely opening, or it remains stuck in defensive regulation. But neither captures what is happening: India is selectively binding regulatory discretion, exporting specific platforms, and keeping control over balance-sheet risks.
By Anit Mukherjee with Dhruba Purkayastha, Arya Roy Bardhan, Srijan Shukla, and Jhanvi Tripathi
The “reciprocal tariffs” announced by the United States in early April disrupted the global trade flows and unsettled the multilateral system built over several decades. As a result, global players are adjusting to this new reality and altering their behavior beyond tariff measures to safeguard their own interests.
By Marta Bengoa
The India-EU free trade agreement will connect over two billion people across a market representing nearly a quarter of global GDP. But the real story isn't about size. It's about timing. After seventeen years of false starts and negotiations, both parties finally grasped what's at stake: in a world fragmenting between Washington's capricious tariffs and Beijing's economic coercion, this deal is economic insurance.
By Marta Bengoa
Speaking at Davos, Trump first ruled out using military force to acquire Greenland (after weeks of refusing to do so), then hours later announced what he called a "framework of a future deal" with NATO on Arctic security. Whether the framework leads to substantive Arctic security cooperation or remains another example of Trump declaring victory without achieving objectives, the damage to transatlantic economic relations has been done.
By Marta Bengoa
Rather than reviving American manufacturing and boosting employment, the data from Trump’s “Liberation Day” tariffs tell a story of job losses in manufacturing, stagnant productivity in that sector, higher inflation across the economy, and economic uncertainty on a scale not seen in decades.
By Anit Mukherjee
The fact is that there have been few concrete proposals to address the twin challenges of debt sustainability and the rising demands for additional resources for sustainable development. In a world coming to terms with the radical changes in the development finance landscape over the past months, the leadership of the developing world to advance sustainable development is more critical than ever.
By Marta Bengoa
The current situation demands acknowledgment that trade and monetary policy operate as interconnected systems, not isolated levers that can be pulled independently. A coherent approach would acknowledge that the United States’ economic strength derives from its integration into global supply chains, not isolation from them.
By Anit Mukherjee and Caroline Arkalji
The consecutive presidencies of Indonesia, India, Brazil, and South Africa within the G20 offers a blueprint for how the Global South can continue shaping global governance at a time of geopolitical uncertainty and a rapid rebalancing of the globalization process itself.
By Anit Mukherjee
The BRICS Leader’s Declaration lays out in detail the process for a revision of quotas at the International Monetary Fund and the World Bank, representation of the Global South in the governance of artificial intelligence and other transformative technologies that will shape the future, and increasing the accessibility and affordability of climate finance.
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