Europe Must Unlock Its Geoeconomic Power

Europe 's ability to remain relevant on the global scene depends on its ability to tackle geoeconomic challenges, including Russia ’s war against Ukraine .

Donald Trump has threatened to ramp up tariffs against European partners, could upend transatlantic cooperation.

European Union officials have announced all kinds of policies in recent years , such as creating an instrument to defend the bloc.

U.S. authorities have imposed sanctions on twice as many vessels whose deliveries violate the G7/EU’s oil price cap as their European counterparts have.

The EU faces another problem in carrying out its international economic measures.

Each country deploys different tools and standards.

Penalties for sanctions violations also vary widely across EU member states.

By cementing cohesion, it would check the ability of foes to play European member states off one another.

It could, likewise, boost the EU ’s bargaining power vis-à-vis the United States by making it more difficult for Washington to pressure individual member states or cut bilateral deals with Trump -friendly countries.