This Thursday, March 13, Roland Gillet, Jean-Hervé Lorenzi, founder of the Cercle des Économistes, and Xavier Jaravel, a professor at the London School of Economics, will debate the macroeconomic consequences of the tariffs imposed by the United States on Europe and the rest of the world. Roland Gillet will discuss the varying power dynamics between the United States and other nations that are responding in more or less aggressive ways to the trade war initiated by the Trump administration. Canada has opted for escalation, threatening to cut off electricity supplies to the United States. Europe is taking a more measured approach. In terms of the European rearmament plan, the national bias (purchase of European military equipment) will only account for a small portion of the 800 billion, with some countries, including Germany, wanting to continue purchasing American goods.

Watch the first part of The Experts: "Trade War, a Positive Shock for the EU?"