The Supreme Court and the Global Trading System
This week the Supreme Court is hearing oral arguments in a case brought by five small businesses (V.O.S. Selections, Inc. v. Trump) challenging the president’s authority to use the 1977 …
Shaking Off the European Hangover
Europe has a hangover, and it shows. Gone is the cocktail of defiance and apprehension that accompanied the first few months of the second Trump administration. The summer has unveiled …
The G7 Summit, Plus or Minus
While the G7 economies today account for only 30 percent of global GDP, they remain a decent proxy for what can still be called the “West” in geopolitical terms. Or …
The Schuman Plan at 75 and the EU’s Global Role
On May 9, the European Union marked the seventy-fifth anniversary of the Schuman Plan, the project to create a European Coal and Steel Community (ECSC) among six countries that was …
Trade Policy: Is It Foreign or Domestic?
On April 2, President Trump announced a major action “Regulating Imports with a Reciprocal Tariff” as a response to “large and persistent” U.S. trade deficits that the administration believes are …
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The Start of a New Economic Era
The first quarter of the century is over. Economically and politically, this quarter-century can be divided into two major phases. The first phase can be described by the term hyper-globalization. …
A Southern TTIP?
Just days after starting her second term as European Commission President, Ursula von der Leyen signed the EU-Mercosur Partnership Agreement on December 6 in Montevideo, Uruguay. This free trade deal …
U.S. Elections 2024
Outlook on the Economy, Financial Markets, and the Global Trade System AGI and the Swiss private bank Bergos have released a new report, “U.S. Elections 2024: Outlook on the Economy, …
Friendshoring: A Sea Change for the Global Economy?
This article originally appeared in German in the Frankfurter Allgemeine Zeitung. The international order is experiencing a once-in-a-generation turning point. The fall of the Berlin Wall thirty-five years ago ended …
U.S. Trade Policy at a Crossroads
If Democrat Kamala Harris and Republican Donald Trump were placed along an axis spanning from protectionism to free trade, would that offer a meaningful way to understand their campaign proposals …
Does Germany Need an Economic Pivot?
With customary fanfare, Germany’s political heavyweights recently opened the construction site of a new semiconductor facility in Saxony. For Chancellor Olaf Scholz and the newly confirmed European Commission President Ursula …
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 …
Public Debt: Is the Next Crisis Looming?
Debt sustainability has a lot to do with trust. There are early warning indicators for sovereign debt crises that can indicate an incipient loss of confidence. However, fiscal and monetary …
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 …
