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Economics

Today, Germany stands at the center of Europe and is the most influential member of the European Union. Germany is a key partner of the U.S. in its most important international trade and economic relationships. As two of the world’s leading trading nations, the United States and Germany share a deep and abiding interest in the health of the world economy. There is no other country with which the U.S. shares a stronger mix of interests and values.
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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 …

Transatlantic Climate Statecraft and Global Economic Order

Part I: A Pluralist International Economic Landscape After World War II the United States, several European countries, and other liberal democracies promoted a vision of international economic relations that was …

The Global Race to Regulate AI Is Just Beginning

On February 2, ambassadors from all 27 EU member states approved the final text of the bloc’s landmark AI Act, advancing the world’s first comprehensive AI regulation further toward implementation. …

AI and Data Privacy

No good fit The nexus of the EU’s AI Act and the GDPR is a timely topic. The AI Act has not finally been adopted in Europe, while the General …

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The Transatlantic Economy in an Election Year

This year will see elections in both the United States (the White House and Congress) and the European Union (the European Parliament and indirectly the next President of the European …

Farewell to Wolfgang Schäuble

The Chancellor-behind-the-Scenes Imagine a mountain climber who scaled every peak in the Himalayas except Everest. That was Wolfgang Schäuble. No postwar politician reached more top party and government posts. Although …

Russia’s Invasion of Ukraine. Economic Challenges, Embargo Issues and a New Global Economic Order

Review of Paul J.J. Welfens’ Book The Russian invasion of Ukraine followed by—at the time of writing this review—21 months of a fierce and, from the Russian side, inhumanly-led war …

Climate Policies in Germany and the United States

Lobbying through Networks? At the UN Climate Change Conference (COP 28) at the end of November 2023, big questions arose about how the states performed after the Paris Agreement (COP …

Transatlantic Cooperation vs. Tech Nationalism

Values and Standards in the New Systemic Competition It is widely accepted that the ability to set technological standards is a prerequisite for an economy’s success on the world markets; …

China Is Listening

But It Won’t Be Business as Usual When European Commission President Ursula von der Leyen and President of the European Council Charles Michel departed China after last week’s EU-China Summit, …

Back to Reason!

The Constitutional Court’s decision is an opportunity for a far-reaching political change. The Traffic Light Coalition should seize it. This article originally appeared in German in WirtschaftsWoche on November 25, …

Hyperinflation Weimar

One hundred years ago, the Weimar inflation reached its peak. It remains Germany’s greatest economic crisis and has heavily shaped the history of the Federal Republic. Within a few months …