Over just a few months, the Trump Administration has unleashed an unexpected array of tools to redress the perceived “burden” carried by the US for security and overvaluation of the dollar, wake up the rest of the world (especially Europe) to the need to “burden share” and push back on China’s march to economic hyperpower.
From tariffs, to control of the Federal Reserve, to support for crypto, to the return of national champions, to taming the traditional media, to dangling a sword of Damocles on Big Tech, and dealmaking on a vast scale – there is a thread connecting all this as America is asserting power at home and abroad. Europe needs to connect the dots, rewriting the rulebook entirely for a hard power world.
Rohit Chopra, former Director of the US Consumer Financial Protection Bureau and FTC Commissioner, joins Cristina Caffarra to discuss how finance, industrial policy and global power are being redefined and what that means for Europe.
