The last great defender of rules-based open commerce — the European Union — is about to fall. It happens in slow motion and the impact will be painful. If the world’s largest trading bloc abandons the concept of free trade, the entire global economy will suffer. But such an outcome looks increasingly likely, as the …
Europe First: Brussels is preparing to give up its ideals of free trade Read More »
Press play to listen to this article Expressed by artificial intelligence. The EU is in emergency mode and preparing a major subsidy campaign to prevent European industry from being wiped out by US rivals, two senior EU officials have told POLITICO. Europe faces a double hammer blow from the United States If it weren’t enough …
EU plans subsidy war chest as industry faces ‘existential’ threat from US Read More »
Agathe Demarais is director of global forecasts at the Economist Intelligence Unit. His new book on the effects of US sanctions, “Backfire”, will be released next week. Russia has turned energy supply into an economic weapon. The strategy is evident in Ukraine, where Russian drones and missiles bomb power plants. But it’s also evident in …
