The Transatlantic Balancing Act

This year, policymakers in Brussels have been closely monitoring shifting dynamics in Washington, DC. Fiscal pressures are rising, and growth is scarce for European economies. But instead of spectating, European policymakers in EU institutions and national capitals should chart the most productive way forward.

While US policy shouldn’t be ignored, European leaders can foster a more competitive economy by leveraging strategic takeaways from their DC counterparts.  

Three lessons from the US should be clear. First, taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. certainty matters. Second, protectionism is a dangerous game. And third, multilateral work requires pragmatism, not idealism.