Continued conflation of economic issues with geopolitical concerns may hinder Europe’s ability to reverse its gradual decline of influence within both emerging industries and the broader international economic landscape. Ultimately, it will squander its limited resources.

The 2024 U.S. election is not just about democracy but about big media, big money and big defense. It is setting the stage for a new trade war and lethal geopolitics that could destabilize global economic prospects for years to come.

The multilateral trading system faces an existential challenge as Washington and Brussels look to continue, or even boost, protectionism. With the very survival of the WTO at stake, the world should stand up to the challenge.

The multilateral trading system faces an existential challenge as the United States and European Union seek to continue — or even expand — trade protectionism. If Donald Trump returns to the White House, there are good reasons to believe that he will try again to hijack the World Trade Organization. Meanwhile, protectionism by Europe only makes things worse.

The implications of recent stock market volatility in the United States, combined with slowing job growth and rising unemployment, are causing a panic and triggering discussions about an inflection point. The signs of a recession are rattling the market’s shared hope for a soft landing.

Only through steadfast multilateral policy coordination and flexible, effective measures can global financial markets weather the storm safely and achieve stability and development.

In recent months, Chinese overcapacity has been a major topic of discussion – and a source of controversy – among economists and policymakers around the world. While these concerns are not entirely off base, they are excessive and resolvable.

Even amid frictions, empirical data show that trade between China and the United States is an objective economic law, based on complementary economies. Political tensions and other restrictions could distort or delay the growth but will be unable to kill it.

In the so-called Third Plenum to be held on July 15-18, China’s senior leadership will have an opportunity to establish the broad outlines of a policy framework that could reshape the country’s course for the next several years. Don’t count on it. There is good reason to think that China watchers in the West have unrealistic expectations of what is to come.

America’s fundamental strategy of creating trading blocs of approved partners will have disastrous global consequences. The Great Depression in the 1930s was brought on, in part, by U.S. protectionism. The world must now guard against a similar calamity.