World Economy: 'We now have better cards against Donald Trump'
Economist Gabriel Felbermayr discusses the recent US Supreme Court decision to halt some of Trump's tariffs, viewing it as a positive opportunity for Germany and Europe.
In an interview with Caspar Busse, economist Gabriel Felbermayr highlights the implications of the recent US Supreme Court ruling that partially stopped tariffs imposed by former President Donald Trump. This legal decision, according to Felbermayr, presents Germany and Europe with favorable conditions to enhance their economic standing and engage more effectively in international trade. As a prominent figure in trade economics, Felbermayr believes that lifting some of these tariffs will facilitate stronger economic ties and open up new avenues for cooperation.
Felbermayr, who has held the position of director at the Vienna Institute for International Economic Studies since its establishment, emphasizes that the previous trade barriers have hindered the potential for robust economic relations between the US and European nations. The easing of tariffs is seen as a turning point that could lead to a more balanced trade environment, providing European nations, particularly Germany, with the leverage needed to engage in fairer trade practices. He interprets this change as a chance for Europe to capitalize on its strengths in global markets.
The economist also reflects on his candidacy for the German Council of Economic Experts, where his expertise in international economics could significantly influence policy decisions. With the current geopolitical landscape shifting, Felbermayr's insights are deemed increasingly relevant, positioning him as a valuable asset in guiding Germany's economic strategy amidst challenges posed by the US.