alt Hacker NewsEU is in a really tough situation. They're getting squeezed on all sides economically by USA and China while also facing a belligerent Russia on their eastern borders. And their internal politics and governance makes it very difficult to align in a direction that could enable them to start digging out of so much globalized dependence.
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js8 • yesterday at 4:54 PM
Yes. Unfortunately, the EU institutions have been designed during heyday of globalization and neoliberalism. So they are unable to adapt to (or even recognize) the end of it.
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A recent analysis of the Trump Tarrifs on the EU concluded that while “some regions and industries could suffer”, for Europe overall the hit may be “limited but not negligible.
The EU is quietly investing massively in diversifying away from the US market. there are trade negotiations or agreements in process (or being advanced) with countries/regions including India, the countries of the Mercosur bloc, Mexico, and Middle-East countries.