Dan Hamilton on The Transatlantic Economy in an Age of Disruption
Join Dan Hamilton as he dives deep into the US's trade relationship with Europe and how it compares to other global markets. Learn how services trade between the US and Europe results in a surplus for the US - six times more than its services trade with China. Discover what drives the transatlantic economy despite external challenges like pandemics and Russian aggression. Dan also discusses the consequences of Western countries betting on cheap Chinese labor and exports and how this has reorientated the US-Europe relationship. Tune in now for an insightful look at the US-Europe trade dynamic![00:00 - 07:35] Uncovering the Resilience of the U.S.-Europe Trade RelationshipMost jobs in the US and Europe are in services, which is growing faster than trade in goodsDespite harsh times, US companies made more money in Europe last year than ever beforeMedia often confuses geopolitical, and military issues with trade[07:36 - 16:43] Examining the Impact of China's Going Out Strategy on U.S.-Europe RelationsWestern countries built supply chains around the Chinese model but now realize they lost the betThe Biden administration is trying to reset the relationship with China by putting up high walls around high-end technologies and restricting investments seen as problematicCompanies are looking to diversify their supply chains due to policy changes and pandemic disruptions[16:44 - 26:36] Germany and France Taking on Leadership Role Amid War with RussiaGermany is the key to global supply chains in EuropeUS companies have extended their networks and supply chains throughout the single marketThe war in Ukraine has shattered European premises after the Cold WarRussia is still imperial, and it isn't easy to integrate into the EU[26:37 - 33:54] The Struggle to Lead Europe as Germany Becomes the Swing State of EuropeMutual investment flows across the Atlantic in cleantech spaceTransatlantic Clean Tech Alliance proposed to bring innovators and investors togetherThe importance of demand owners and big companies to create a market[33:55 - 38:48] Closing SegmentQuotes:"Economics doesn't have to be a zero-sum game if you're growing." - Dan Hamilton"If we sit in the United States and look over to Europe, we say, 'What a mess.' But I'm in Europe often, and when they look across the ocean the other way, they say, 'Oh my god, what a mess.' This is the nature of how we interact with each other." - Dan HamiltonConnect with Dan!Website: www.transatlanticrelations.org Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.