News Archive

Ukraine has reserves for two thirds of the 34 raw materials classified as critical by teh EU. At the same time, production of these critical materials is still very limited. This Policy Brief identifies raw materials which Ukraine has reserves for and examines Ukraine’s current role in raw material production and trade.

In our latest newsletter we delve into the shifting landscape of global trade, driven by an unprecedented and unpredictable US tariff policy. We assess the implications of this paradigm shift for the EU, Germany, Canada and Mexico. Furthermore, we offer a preview of our high-level conference on climate adaptation, introducing themes, speakers, and registration details. 

If implemented on April 2, the “Liberation Day” announced by US President Donald Trump would have profound implications for the global trading system. A new Policy Brief shows that new reciprocal US tariffs would reduce German exports to the United States by 2.4% to 3%. These relatively small effects for Germany compared to a scenario with an across-the-board 20% increase in US tariffs on all trading partners are mainly due to the relatively small tariff gap between the US and the EU.

US President Donald Trump’s 25% tariffs on imports from Canada and Mexico would trigger a decline of 28% in Canadian exports, 35% in Mexican and 22% in US exports, if retaliatory tariffs are imposed. Mexico’s and Canada’s manufacturing sectors would suffer the most, with value-added losses of 13% and 14%, respectively. In the U.S., the agricultural sector would take the biggest hit, facing a 2.4% drop in value added. 

Geopolitical tensions and trade conflicts constitute an ever-growing threat to Europe’s ability to defend itself. Procuring or developing critical technologies independently or with reliable partners is crucial. EconPol Europe and the ifo institute hosted a roundtable at the Munich Security Conference to discuss ways to achieve greater technological sovereignty.