Risk and opportunities in relation to evolving financial and economic relations with the US

This study assesses the evolving structural divergence between the US and EU economies, driven by widening productivity gaps and asymmetric financial integration. It identifies a “Competitiveness Trilemma” constraining EU policy responses to US industrial activism. The paper analyses new transmission channels of economic shocks and proposes a strategic playbook for the European Parliament to enhance industrial sovereignty and rebalance the transatlantic partnership.