On April 2, 2025, President Trump declared "Liberation Day", announcing broad tariffs to reduce trade deficits and revive U.S. industry. We analyze the long-term economic impacts of these tariffs through the lens of a trade model that features flexible tariff passthrough and endogenous trade...

This report provides a crucial analysis of these evolving dynamics, focusing on their impact on Africa's automotive sector–a key industry for the continent's industrialisation strategy and at the core of the transformation of global value chains in the last 30 years.

While the impact of trade openness on economic growth has been widely studied, its effect on township economies remains underexplored. In view of this empirical gap, this study examines the impact of trade openness proxied by export intensity on the technical efficiency of five major township...