1. A "new Washington consensus"
- Author:
- Johannes Späth
- Publication Date:
- 01-2024
- Content Type:
- Special Report
- Institution:
- Austrian Institute for International Affairs (OIIP)
- Abstract:
- This oiip trend report delves into the shift in the U.S. and the EU towards protectionist foreign trade policies, diverging from traditional free trade principles. Despite initial expectations of a return to free trade under President Joe Biden, the administration has maintained and expanded protectionist measures, emphasizing a labor-centered approach with import tariffs. This departure is situated within a broader global context, reflecting a growing alignment on economic security policies and strategic autonomy between the transatlantic partners. The phenomenon, termed "polite protectionism," reveals bipartisan support, influencing upcoming elections. The text elaborates on the evolving dynamics of global trade, highlighting the multifaceted motivations and consequences of the contemporary protectionist trend.
- Topic:
- Free Trade, Trade, Protectionism, and Joe Biden
- Political Geography:
- Europe, North America, and United States of America