Between Nationalism and Multilateralism: A Renewed Approach for Transatlantic Economic Engagement
In a new Issue Brief for AICGS, Senior Fellow and Director of the Geoeconomics Program Peter Rashish looks at the opposing international economic policies of U.S. nationalism and European Union multilateralism that are contributing to the polarization of transatlantic relations and asks: is there a center ground that the United States and the European Union could jointly occupy? He finds that there is a space that lies between the “America First” nationalism of the Trump administration and a historic allegiance within the EU to multilateralism where policies can be crafted to promote the global economic interests of both sides of the Atlantic. But for this approach to be successful it will be essential that Americans and Europeans first grasp the distinction between liberalism and multilateralism in international economic relations. He also discerns that if the Democrats capture the White House there is unlikely to be a return to the pre-Trump status quo on trade policy.