Europe of the Future 2050--Trade Policy

Alan Wolff ()
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Alan Wolff: Peterson Institute for International Economics

No PB26-11, Policy Briefs from 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.

Date: 2026-06
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