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Will Globalization’s Third Phase Be Like Its First?

During the world’s first phase of globalization before World War I, I had a great-grandfather who was a cigarette manufacturer in Czarist Russia. He traveled regularly to Turkey to purchase …

The German-American Relationship: What’s In It for the U.S.?

The German-American relationship has gone from Bush 41’s call for a Partnership in Leadership to Trump’s view of Germany as one of America’s adversaries.  His National Security Advisor and top …

Seeking Compromise with the U.S. Instead of Conflict

While recently in Brussels, Donald Trump renewed his invectives against Germany’s trade surplus. This fits into an already quite familiar pattern: An unfriendly reception by demonstrators in Europe, major problems …

Companies Compete. Countries Pursue Their Interests. That’s a Big Difference.

If it becomes a new White House mantra, a key paragraph that appeared in an op-ed by National Security Advisor H.R. McMaster and National Economic Council chief Gary Cohn in …

Challenges for Transatlantic Economic Cooperation in a Trump Administration

Although stock markets have demonstrated an initial positive reaction to the inauguration of President Donald Trump, the new administration’s inward-looking economic policy agenda with the motto “America First” has also …

Does the EU Need a Trade Promotion Authority Mechanism?

Governance of the European Union just became more complicated. On May 16, the European Court of Justice (ECJ) issued its ruling over which European institutions had “competence” over different provisions …

Blind Spots in Trump’s Trade Tirade Against Germany

Featuring Jack Janes via The New York Times on May 30, 2017.

John Kennedy and Illiberalism

May 29 will mark the 100th anniversary of the birth of John F. Kennedy, the 35th President of the United States. Kennedy may be well known not only to Germans, …

President Trump Goes to Europe: Two (Theoretically) Easy and a Tough Question on EU Integration, Trade, and the Euro

All eyes will be on Donald Trump when he attends the international summits of NATO and the G7 at the end of May. On his first trip to Europe he …

Do Free Trade Agreements Have a Future?

After President Trump’s withdrawal from the Transpacific Partnership (TPP) and with the Transatlantic Trade and Investment Partnership (TTIP) negotiations “in the freezer,” the future of free trade agreements is put …

G20 – Global Trade Governance in Uncertain Times

The G20 is facing its second big litmus test. Almost ten years ago, only decisive action by the G20 prevented the global economy from spiraling into a deep depression. Not …

Europe and the World Need to Be Strategically Patient with Trump

As international delegates begin arriving in Washington, DC, for the first IMF/World Bank semi-annual meetings of the Trump era, among the biggest question facing leaders from around the world is …