What the Elections in France and the UK Don’t Tell Us about Europe
Political pendulums in an unstable Europe are swinging faster, more wildly, and in unpredictable ways. Except when they’re not. There is certainly evidence for the first narrative given the results …
The G7 Summit and the Two Worlds of Geoeconomics and Geopolitics
The G7 summit that took place on June 13-15 in Borgo Egnazia, in the southeastern Italian region of Puglia, may be remembered by historians as a turning point. Not for the …
The Biden Administration Internationalizes its Trade Policy
In the last month, both at home and abroad, the Biden administration has stepped up its engagement on the potentially game-changing yet currently languishing role of trade policy in advancing …
Realism, Idealism, and U.S. Trade Policy
For nearly 100 years, U.S. trade policy has been judged by where it is situated along a continuum from protectionism to free trade. With the Reciprocal Trade Agreements Act of …
The Transatlantic Economy in an Election Year
This year will see elections in both the United States (the White House and Congress) and the European Union (the European Parliament and indirectly the next President of the European …
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Support Our WorkThe U.S.-EU Summit and the Double Irony of GASSA
There are two ironies in the absence of an agreement on a “Global Arrangement on Sustainable Steel and Aluminum” (GASSA) at last Friday’s U.S.-EU summit in Washington, where President Biden …
The SOTEU and Transatlantic Economic Relations
European Commission President Ursula von der Leyen gave her annual State of the European Union speech this week in Strasbourg, the official seat of the European Parliament. With the title …
The EU and Economic Security: What’s in a Name?
The European Commission, the EU’s executive arm, released a proposal this week for a “European Economic Security Strategy.” Its premise is that with “geopolitical tensions rising and global economic integration …
With a Push by the EU, the G7 Adapts to a Disorderly Global Economy
When European Commission President Ursula von der Leyen came into office in the fall of 2019, she proclaimed the advent of a new “geopolitical Commission” where internal and external actions …
A Transatlantic Display of Trade Policy’s Future
Since U.S. Treasury Secretary Janet Yellen’s speech last spring calling for the United States to achieve “free and secure trade…with the countries we know we can count on” the notion …
The IRA and the Meaning of “Free Trade”
The Inflation Reduction Act (IRA) approved by the U.S. Congress last August continues to provoke transatlantic frictions. The European Union has welcomed the climate investments in the IRA that will …
The WTO and National Security
Destress and Reform The Biden administration has reacted strongly to the ruling by the World Trade Organization (WTO) last week against the Trump-era national security tariffs on steel and aluminum. …
Compartmentalizing the Transatlantic Economic Relationship
What is the best way to judge the success of the third meeting of the U.S.-EU Trade and Technology Council (TTC) held on December 5th at the University of Maryland …
Trade Liberalization: De Jure and De Facto
More than a year and a half into his administration, President Biden has so far followed through on a key campaign pledge: to forego new trade deals that open U.S. …