Efforts to cure deindustrialisation miss key targets, Richard Baldwin argues

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Billions spent on wrong deindustrialisation fix

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Efforts to cure deindustrialisation miss key targets, Richard Baldwin argues — Billions spent on wrong deindustrialisation fix

Richard Baldwin highlights that billions are spent addressing deindustrialisation in both Washington and Brussels.

He adds that both U.S. and European policy efforts, such as tariff walls and offshoring responses, are not targeting the root causes of the issue.

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Baldwin has previously noted that over $35 trillion in outstanding U.S. government debt drives high liquidity in the bond market, unlike other sovereigns, in an earlier commentary. He has also argued that tariffs on imports are effectively passed on to American consumers, acting as a sales tax rather than a charge paid by foreign exporters. His recent remarks come as policy debates continue on both sides of the Atlantic.

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