The Inflation Reduction Act (IRA) of 2022 will transform American industrial policy. In this paper, Georgina Wright analyzes the impact on Europe in terms of reindustrialization and competitiveness and lays out some possible evolutions of the IRA framework under the second Trump administration, and offers ideas for Europe.

Despite India's robust economic growth—8.4% in the last quarter of 2023—the economic relationship between Europe and India remains underwhelming. How can France and Europe fully capitalize on the "Indian moment" that is shaping the 21st century?

Xi Jinping’s era is marked by centralized power and surveillance, with China aiming for “socialist modernization” by 2035. While pursuing tech self-sufficiency and national security, challenges like demographic decline and economic strain persist. Taiwan's "reunification" and a zero-sum trade approach drive tensions. Four scenarios for China’s future emerge: dominance with minimal foreign pushback, fragmented resistance preserving balance, a unified global challenge, or a major conflict over Taiwan reshaping global power dynamics. Global unity will be crucial to influence China’s trajectory by 2035.

Extraterritoriality is on the increase, particularly in China. Under Xi Jinping, China uses this practice to defend itself against external interference, legitimise its foreign policy and extend its security agenda. Although it is exploring a more offensive approach, its use will depend on the strategic calculations of China's leaders, particularly in the face of international tensions. The European Union must be prepared to respond, in particular by using access to the European market as a deterrent.

Extraterritoriality, widely used by the United States, combines the fight against global threats with the reinforcement of its economic domination. Faced with US sanctions, Europe sees its sovereignty under threat and must integrate this reality into its economic strategy. How can Europe react?