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Europe of the Future 2050--Trade Policy

Author

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  • Alan Wm. Wolff

    (Peterson Institute for International Economics)

Abstract

In this Policy Brief, Wolff argues that the European Union must step up to lead the world trading system at a moment of historic disruption. With the United States retreating into a power-based approach to trade and China relying heavily on state intervention, Wolff contends that the European Union--the world's largest trader--has both the capacity and the responsibility to fill the void. Drawing on the spirit of postwar institution-building at Bretton Woods, he sets out a strategic roadmap for EU trade policy to 2050: defending the World Trade Organization's rules-based framework; pursuing closer alignment with members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP); expanding trade rules to cover climate, artificial intelligence, and food security; and resisting trade coercion through collective action.

Suggested Citation

  • Alan Wm. Wolff, 2026. "Europe of the Future 2050--Trade Policy," Policy Briefs PB26-11, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb26-11
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    File URL: https://www.piie.com/publications/policy-briefs/2026/europe-future-2050-trade-policy
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