For decades, Europe grew rich in a world built on open markets. Today, that world is disappearing. Governments are using tariffs, sanctions, export controls, subsidies, and industrial policy not just to boost growth, but to gain geopolitical leverage. Economics is no longer separate from security. Caught between an increasingly protectionist United States and a more assertive China, Europe faces a difficult question: Can it stay committed to free trade, or must it join the global race for economic power?
In this episode of The Dip, Abraham Newman and Hosuk Lee-Makiyama debate whether Europe is adapting to a new era of geoeconomics or slowly losing its place in the world. Who will write the rules of the global economy in the next decade: the US, China, or Europe?
#FreeTrade #Europe #USA #dwbusiness #dwdip
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