Transatlantic Divergences in Globalisationand the China Factor. CEPS Policy Insight No 2017/19, May 2017
2017
The EU and the United States are following divergent paths with regard to their respective trade
policies. While the new administration of the United States has made some notably strong
statements against further trade liberalisation, the EU continues to favour responsible
globalisation. The EU has recently signed a series of free trade agreements (FTAs) as well as
plurilateral agreements with its partners (especially, but not only, in East Asia). Consequently, the
EU is strengthening its status as a global leader in the debate on economic openness. Conversely,
the US has interrupted major negotiations with its trading partners and has renounced trade
agreements, such as TPP and TTIP (at least for the time being). This paper provides some empirical
economic and social guidance behind the recent policy divergence on globalisation between the
US and the EU in general and vis-a-vis China in particular.
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