Trade Policy Uncertainty Before July 9

Image Source: Pexels

Measured trade policy uncertainty, from Baker, Bloom and Davis, and Caldara, Iacoviello,  Molligo, Prestipino, and Raffo:

Figure 1: EPU-trade category (blue, left scale), and Trade Policy Uncertainty index (red, right scale). Source: Baker, Bloom & Davis policyuncertainty.com, and Caldara et al. TPUD.

Why the recent jump? Well…

Source: J. Politano.

“90 deals in 90 days” joins “infrastructure week” and “Russia/Ukraine war over in 24 hours”.

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