Trump Should Champion Perestroika In The EU (From RealClearMarkets)

Left unchecked, the U.S. is on an economic collision course with the European Union (EU) that will significantly harm both parties, undoing decades of cooperation that has helped fuel immense growth and prosperity.

The chief culprit in this mess is the EU, specifically its governing body, the European Commission, which has imposed onerous fines and related attacks against U.S. companies. The Biden Administration has, at best, sat by while at times aiding and abetting onerous regulations and confiscations against U.S. companies.

The EU has also created a static economic environment and seems dazed and confused about where it should go next. Simply put the EU wants what the U.S. has: a dynamic, innovative, technologically driven economy. And having failed to create anything like it, it seeks to take from the U.S.

Lexington Institute’s Paul Steidler discusses this in an Op-Ed in RealClearMarkets here.