Home Les bulletins GEAB GEAB 123 2018 Multipolar globalisation: EU adopts the pro-trade protectionist model

GEAB 123

The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 Mar 2018

2018 Multipolar globalisation: EU adopts the pro-trade protectionist model

As we all know, Donald Trump kicked off the reinvention of trade relationships by imposing customs barriers on steel and aluminium.  In addition to the duty of protecting this industry and the jobs connected with it, he was motivated by the strategic nature of this sector which is intrinsically linked to the army. Economy, employment, National Security. This is clearly about national sovereignty. Hence, logic and supranational bodies are again undermined (particularly the WTO and the EU).

 Customs barriers: the EU on Trump’s radar

The Chinese competition is brandished as a red flag in order to sweeten the pill. As it happens, it is not China that is most worried. Although China produces about half of the world’s steel, it only ranks 11th among the countries most affected by the tariff measure. Surprisingly enough, the most affected countries belong rather to the allied camp: Canada represents 16% of US steel imports, followed by Brazil at 13%, then South Korea (10%), Mexico (9%) …

Comments

To leave a comment sign up now
In summary

We have been anticipating for many months a political takeover by the national level all over the world. This takeover has emerged as a necessity linked to the structural incapacity [...]

So far, the media and political analysts have been unanimous: Brexit represents an uncertain and dangerous future only for the UK. Our readers know that we have always been more [...]

In the next five years, the ICO (Initial Coin Offering), which currently looks like a micro-phenomenon in the sphere of fundraising, will be an essential means for structuring a company [...]

No one needs expensive oil and we anticipate that oil prices are about to drop significantly and sustainably in the coming months. Read on for the reasons behind this anticipation. [...]

- ICOs: Be agile, but well informed - NEOM: The key to a new Middle East citizenship? - Oil: Beware of dollar fluctuations - European arms industry: All the way, [...]

Related articles
GEAB
03 Dec 2018

Calendar of Future Events – October 2017/February 2018

#Calendar #geopolitics #governance #world

Three times a year, as part of its decision-making toolbox, the GEAB team prepares for you a factual map of the next four to six months. . July 2017 - [...]

GEAB
03 Dec 2018

United Kingdom: Towards a May-xit

#brexit #euro #europe #geopolitics

"Since there is no future, the wanderings of the past are back in Europe". On this topic, our team finds interesting to identify some sort of an echo of the [...]

GEAB
03 Dec 2018

The internationalisation of the Yuan: Securing China’s financial system

#China #finance #YUAN

China's decision to introduce in 2018 the gold-convertible petro-gazo-Yuan currency is an important step in the process of internationalisation of the Yuan. It confirms the will of Beijing (asserted for [...]