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  The direction of the world economy is unclear. Geopolitical crises may disrupt supply chains (wars in various parts of the world), financial overhangs need resolute answers (public debts and interest-rate manipulation) and self-inflicted wounds (United States President Donald Trump’s preference for confrontational approaches, with occasional second thoughts) sometimes generate unpleasant surprises. Previously, governments responded […]

  The decision by the administration of United States President Donald Trump to formally withdraw the U.S. from the Organisation for Economic Co-operation and Development’s (OECD) global tax agreement marks a turning point in international tax coordination. The move, however, is not a surprise. Congressional Republicans and President Trump have never supported the OECD’s Inclusive Framework. […]

  Uncertainty over tariffs and federal spending have characterized the first few months of the second Donald Trump presidency. Since taking office, the Trump administration has instituted various tariffs targeting Canada, Mexico, China, the European Union and countries worldwide. This saga has led to speculation about the prospect of an “External Revenue Service,” “to collect tariffs, duties […]

  Since the partition of the Indian subcontinent, regular and often violent disputes have broken out along the Line of Control in Kashmir. Both India and Pakistan claim the region in full, though control has been split since the first war between the two countries. One of these disputes erupted at the end of April, triggering […]