A Flawed Trade System in Europe

Peter Zeihan 3 min

Europe cannot establish a viable alternative international trade order without the U.S. Navy. The European Union will fail to ratify major new trade deals due to agricultural protectionism and internal delays.

Key points

  • 0:00

    Europe lacks the capacity to project naval power far past its own front yard.

  • 0:00

    Most trade deals negotiated in the last 30 years excluded agriculture entirely.

  • 2:14

    The Australia-EU deal faces ratification delays due to heavy agricultural restrictions.

  • 2:14

    European farmers and trade associations oppose the Australian deal's terms.

  • 2:14

    The first large-scale transfer of Australian goods to Europe will not occur until 2040.

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