Bravo, President Macron for laying out your vision for Europe! The future has always belonged to visionaries capable of making concreate proposals that lead to action and then progress. So “yes” to the three proposals: to the protection of democracy, to a common defense, and to pro-active governance. Like all worthwhile visions, these proposals will be contested and meet much criticism – which is necessary to help sharpen the focus and increase chances of success for the European project. What we need now is a coalition of the willing in a dual sense: willing to carry the vision forward - and willing to bear the consequences knowing that any political payoff may be years away!
The US may have a trade deficit with the rest of the world, but its multinational companies have a major surplus when it comes to sales in foreign markets – especially China. If the US-China trade war continues to escalate, these firms will be, as US President Donald Trump might put it, the biggest losers.
Policy blunders of epic proportions have become the rule, not the exception, for the US administration. The toxic combination of ill-timed fiscal stimulus, aggressive imposition of tariffs, and unprecedented attacks on the Federal Reserve demands a far more critical assessment of Trumponomics.