The EU-U.S. Trade Deal and Beyond: Managing Fragility, Competition, and Diversification

Executive Summary Over the course of summer 2025, the European Union (EU) engaged in negotiations with the United States (U.S.) to reach an agreement aimed at preventing a trade escalation. The resulting agreement, formalized in a Joint Statement on August 21st, involved a number of trade concessions by the EU. These were, however, voluntary, […]