The U.S. and EU Shake Up Global Trade
Written by Black Hot Fire Network on November 1, 2021
The Group of 20 summit in Rome last weekend was highly unusual. Unlike most global gabfests, it actually mattered—not because the sterile G-20 format and the anodyne communiqués it predictably generated meant or accomplished anything of significance. It mattered because the U.S. and the European Union, sidestepping the G-20 process, unveiled a tentative trade agreement that significantly sharpens the competition with China, and because five G-20 heads of government (China, Japan, Mexico, Russia and South Africa) were absent, highlighting the declining importance of these ritualized displays of international comity.
The most . . .
