#economic-statecraft

#economic-statecraft

This renewed focus has brought economic statecraft to the forefront, as governments increasingly deploy trade restrictions, foreign investment scrutiny, and sanctions as foreign policy tools to advance their agendas and exert influence. After decades of near-unwavering commitment to free trade and the rapid globalization of markets across the Western world, we are witnessing a protectionist turn, with U.S. tariff levels reaching heights not seen in nearly a century.