01 May 2026
Avoiding the Turnberry Trap
The Turnberry Deal, widely perceived as involving significant EU concessions, aims to restore a degree of stability after a prolonged period of trade turbulence with the USA. However, its asymmetrical nature may not necessarily achieve a preferred stability. The EU’s assumption that heavy concessions will buy stability risks becoming a trap: it hands the USA the upper hand in trade without guaranteeing that tariffs will not be further used as geopolitical leverage. The US has changed, and so too must the EU, without abandoning the goal of international cooperation. Continue reading >>
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