Can Europe get its industrial groove back?

Figures says that tariffs – like the tit-for-tat measures enacted by the EU and China on electric vehicles and brandy imports – can help provide "short-term breathing space for European industry to innovate".

However, he adds: "On their own, they're not a mechanism that will deliver the kind of changes that we need to see to maintain European competitiveness; they need to be seen alongside a whole raft of other measures, as Mr Draghi sets out in his report."