Start the War First, Build the Coalition Later?

The current scramble to assemble an international response to the Strait of Hormuz crisis feels backward. Not a little backward, but fundamentally backward. President Trump is urging allies and global powers to help secure one of the most critical arteries of global trade. That ask, on its own, is completely reasonable. The Strait of Hormuz…

The EU–Mercosur Trade Deal: Strategic Logic Meets Political Reality

Free trade agreements tend to be debated like theology: one side speaks of “prosperity,” the other of “betrayal,” and both sides cherry-pick numbers. The EU–Mercosur deal deserves a more sober appraisal, because it’s not just a trade pact. It’s an attempt to rewire supply chains, industrial strategy, and geopolitical alignment in a decade when tariffs…

Missed Opportunity: Why Biden’s Block on Nippon Steel’s Bid for U.S. Steel Hurts America

President Biden’s decision to block Nippon Steel’s $14.9 billion bid for U.S. Steel might seem like a patriotic stand for national security, but let’s take a step back and ask ourselves: did this decision really serve America’s best interests? Spoiler alert—it didn’t. Nippon Steel, Japan’s premier steelmaker, wasn’t looking to strip U.S. Steel down for…