20 November 2024

Europe Must Unlock Its Geoeconomic Power

Agathe Demarais and Abraham Newman

Geoeconomics—the interplay between trade, finance, technology, and national security—has become the new buzzword in Brussels. Europe’s ability to remain relevant on the global scene depends on its ability to tackle geoeconomic challenges, including Russia’s war against Ukraine and China’s mounting economic coercion. It will also matter for handling the United States’ new leader. President-elect Donald Trump has threatened to ramp up tariffs against European partners, could upend transatlantic cooperation to curb Russia’s financial resources used to wage war against Ukraine, and may even lift sanctions on Moscow.

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