In response to the sharp increase in U.S. tariffs on Chinese imports, Beijing is redirecting part of its export flows toward new markets. For certain products, the European Union (EU) has emerged as a preferred destination.

Behind the expansion or slowdown of world trade in value terms lies a key factor: price movements, which are often sharply contrasted across categories of traded goods.

Despite its clear net debtor position, France receives more investment income than it pays out — a form of “exorbitant privilege” long associated with the United States.

Multinational enterprises (MNEs) have proven being more resilient in terms of employment than purely domestic groups since the health crisis, especially in their home country.

American protectionism constitutes an additional shock likely to reinforce trade within the Single Market.

Regardless of future US decisions, a return to the preexisting global trade order seems unlikely: trade with the United States is bound to become more expensive and more difficult.

How can Europe identify the threat of trade retaliation that allows it to establish the strongest negotiating position in dealing with the United States in merchandise trade alone?

The trade sanctions imposed on the Russian economy not only restrict its supplies but also increase their cost.

The tariff increases announced by Donald Trump before his election would have a serious impact on global trade flows.

The CEPII is looking forward to the new year and the developments it will bring that we hope to be positive. The Government, under whose auspices the CEPII has been operating since 1978, has initiated a thorough review of how to enhance the performance and coordination of the French organisations that conduct economic analysis and policy evaluation.