Revoking Russia’s Trade Privileges
The System Worked Last Friday, the G7 and the European Union decided to revoke Russia’s “most favored nation” (MFN) status, or what is called “Permanent Normal Trade Relations” in the …
Rules or Tools?
The World Trade Organization, the hundreds of bilateral and regional trade agreements, and the more informal norms, principles, and frameworks that together form the global trading system are consistently referred …
Will France Lead the EU to More “Autonomy”?
To mark the start of France’s six-month presidency of the European Union, President Emmanuel Macron and European Commission President Ursula von der Leyen honored two French citizens at a January …
Germany Emerges from Economic Realpolitik
The 178-page coalition agreement announced last week by Germany’s next government comprised of the Social Democrats (SPD), Greens, and Free Democrats (FDP) and called “Alliance for Freedom, Justice, and Sustainability” …
Nudging Germany toward a More Strategic Economic Role
The Social Democrats have come out on top in yesterday’s German election and are likely to lead the next government. But despite their losses, the Christian Democrats may still have …
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Trade and Climate: A Looming Transatlantic Face-Off?
The idea that trade policies should be put to work on behalf of climate goals is gaining increasing currency. In a striking case of serendipity, the European Union and the …
After Merkel’s Steady Hand, A More European and Strategically-Minded Germany?
On July 15, German Chancellor Angela Merkel will meet with President Joe Biden in the White House, the first European leader to visit him since he took office in January. …
The U.S.-EU Summit Resets the Narrative on Trade
Yesterday’s U.S.-EU Summit in Brussels was remarkable simply for taking place, as it was the first since 2014. But even more striking was the way U.S. President Joe Biden characterized …
As the U.S. Economy Gains Steam, the Trade Deficit Debate Could Return
During the Biden administration’s first 100 days, a milestone that will be reached on May 1, trade policy has so far not played the central role it did under the …
USTR’s Promising Start for Transatlantic Economic Relations
On Monday, the Biden administration released the 2021 Trade Policy Agenda and 2020 Annual Report, an annual event that the 1974 U.S. trade act requires take place by March 1. …
The EU’s Trade Policy Review: Conflicting Signals for Transatlantic Strategy?
The European Commission released its long-awaited Trade Policy Review (TPR) this week, placing it under the banner of “An Open, Sustainable and Assertive Trade Policy.” Perhaps because of the manifold …
After the Capitol Siege: Politics First, Then Economics
One of the signature lines in Bertolt Brecht’s Three Penny Opera, a product of social ferment in 1920s Berlin, is “Erst kommt das Fressen, dann kommt die Moral.” One implication …
