Customs taxes, geopolitical tensions … towards the end of economic globalization? The informed of the eco of June 21


Every Saturday, two economists debate subjects that mark economic and social news.

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The heads of state and government present at the G7 summit in Kananaskis (Canada) on June 17, 2025, in the presence of the president of the European Commission Ursula von der Leyen and the secretary general of NATO Mark Rutte (Ludovic Marin / AFP)

The heads of state and government present at the G7 summit in Kananaskis (Canada) on June 17, 2025, in the presence of the president of the European Commission Ursula von der Leyen and the secretary general of NATO Mark Rutte (Ludovic Marin / AFP)

During the last G7 meeting in Canada, the president of the European Commission, Ursula von der Leyen, called for “Avoid protectionism”. Message launched at a peak summit, against the backdrop of the aggressive trade war led by the United States and the friction between allies in the face of the fear of climbing in the Middle East.

Is the spectrum of the end of happy globalization in the process of being born? Is a new model emerging?

To debate it, Emmanuel Cugny and Benjamin Fontaine receive Lionel Fontagnémember of the Circle of Economists, director of the Institute of Macroeconomic and International Policy (which has just published a article on the cost of reprisals to American protectionism), And Denis Ferrandeconomist, managing director of the Rexecode situation institute (which explores the capacity of a growth policy to “Take the French economy out of the stammer”).



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