EU-US Trade Deal Stalled Amid Power Struggle: Unpacking the Structural Dynamics of Global Trade and the Impact of Protectionism
Original framing: “EU races to finalize U.S. trade deal to avoid more Trump tariffs” — The Japan Times
The EU-US trade deal is part of a longer history of trade tensions between the two economic blocs, dating back to the 19th century. The use of tariffs as a tool of economic coercion has been a recurring theme in global trade, with both the EU and the US employing this tactic to assert their economic power.
The EU-US trade deal is a complex and multifaceted issue, driven by a power struggle between the two economic blocs.
The use of tariffs as a tool of economic coercion is a reflection of the dominant Western worldview, which prioritizes economic power and interests over social and environmental concerns. However, this approach neglects the perspectives and experiences of marginalized communities within the EU and the US, who are often the most vulnerable to trade policies. By strengthening global economic governance, promoting sustainable and inclusive trade, and fostering regional cooperation and integration, we can reduce the negative impacts of globalization and promote a more equitable and sustainable global economy.