The Economist Logo

A transatlantic tipping-point

America and the European Union have a chance to achieve something large: a transatlantic pact that could likely liberalize a third of global trade. Done right, it could ensue a transatlantic tipping-point of an economic model favouring openness, free markets, free peoples and the rule of law over the closed, managed visions of state capitalism. Right now though, the pact is in trouble, beset by small-mindedness and mutual suspicion. This seems to be madness in the face of the fact that this pact is backed by compelling logic, after all…

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