| Released on Patreon on Mar 30, 2025 |
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| European efforts to build trade systems that exclude the U.S. are inherently flawed.
Without the U.S. Navy securing global trade routes, Europe will be limited in how far its trade network can extend. Given how protectionist the EU is, especially with agriculture, meaningful trade agreements will be difficult to negotiate. And even if they get through all of that, Europe’s slow and complex ratification process is no walk in the park.
The latest agreement with Australia will likely face a similar fate to the Mercosur and Canada deals, which took decades to finalize. Best case, this deal will take full effect around 2040… |
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