WAR IN EUROPE: GLOBAL SUPPLY CHAINS AND THE TRANSATLANTIC ECONOMY - Russia’s invasion of Ukraine has compounded supply chains and trade flows disruptions after the COVID pandemic. Sanctions and other restrictive measures may add fuel to the fire. Many countries, including the US and in Europe, are considering localizing production, especially of critical components and food. Shortening supply chains and “friend-shoring” production processes are new but significant trends. How would this work? What are implications for our economic ties to developing economies, and for the transatlantic economy itself?

Against this backdrop, the GeoEconomics Center held a discussion on global supply chains and the transatlantic economy on May 19, from 9:00 to 10:00 am. The center welcomed Tomas Baert, Head of Trade and Agriculture, Delegation of the European Union, Beth Baltzan, Senior Advisor to the U.S. Trade Representative, and Charles Lichfield, Deputy Director of the Atlantic Council’s GeoEconomics Center. This discussion was moderated by Julia Friedlander, C. Boyden Gray Senior Fellow and Director of the Economic Statecraft Initiative at the Atlantic Council.

ORIGINAL AIRDATE: 05/19/22