Germany Needs More Industrial Policy
The past two years have been hard for the German economy. Not only has the energy price shock following Russia’s invasion of Ukraine in February 2022 shaved off roughly 4 …
The 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 …
A Transatlantic Geoeconomic Alliance against China?
The EU’s impending announcement of an anti-subsidy investigation into Chinese steelmakers at the October EU-U.S. summit is among the latest evidence of the expanding fissure in the global economy along …
Geoeconomics and A Sustainable Global Order
Transatlantic Policy Perspectives The United States, Germany, and the rest of the European Union face a global economic order that has been profoundly—and likely irreversibly—affected by a confluence of existential …
Industrial Policy: The New défi américain
The Biden Administration’s unapologetic embrace of a nationalistic industrial policy a year ago with the passage of the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Inflation Reduction Acts (IRA) …
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Germany’s Juggling Act between Taiwan and China
In the past few years, the German government led by Olaf Scholz has shifted considerably Berlin’s policy regarding the Indo-Pacific region. Concerned by China’s expanding power and ambitions in the …
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 …
A Transatlantic Approach to Global Technology Standards Competition with China?
Technology Standards as a New Frontier Concerns over China’s growing capabilities in new and emerging technologies are intensifying global competition with traditional technology heavyweights like the United States. American policymakers …
European External Economic Policy in the Age of Zeitenwende
For the past thirty years, the global economy has operated on the premise of political alignment. The promise of democratization and the rule of law around the world allowed unprecedented …
