Rethinking Economic Statecraft

This chapter examines the transition in U.S. economic statecraft from engagement to coercion, particularly through sanctions and tariffs as foreign policy tools. It proposes a shift towards constructive economic relationships that enhance mutual benefits in a multipolar world, while analyzing the implications of recent policies on global economic dynamics. The chapter also highlights the complexities of domestic politics and historical patterns that challenge the adoption of a more restrained and effective foreign policy.