The Biden administration has just issued its Interim National Security Strategic Guidance. The guidance document states the need to “build back better at home” and acknowledges that “international economic policies must serve all Americans” – a theme often referred to as “foreign policy for the middle class”. While the interim guidance does not preclude cooperation with China in selected policy areas, it is unambiguous in considering China a strategic competitor. The prospect of intensifying China-US geopolitical and (geo)economic competition is bad news for Germany, which has high value trading and investment relationships with both countries.
Geo-economics – one of DGAP’s core themes – explores how the politics of trade, technology, finance, and/or energy can be employed to achieve strategic goals. For Europe to remain a key player internationally, the continent must help define the rules of a new geo-economic world order. DGAP looks at how Germany can contribute to better positioning Europe in this increasingly competitive landscape.