Economics
Every Economics story Crosswise has covered, in one place.
EUROPE MAPPED THE CHOKEPOINTS. IT STILL HASN'T PRICED THE ESCAPE.
Europe has identified the minerals, projects and dependencies it considers strategically dangerous. Twenty-three designated projects are now demanding more support. But the harder question is not whether Europe should spend more.
18 min read
America Wants to Economically Isolate Iran. China Shows Where the Limits Begin.
Washington has threatened to sever every economic lifeline sustaining Tehran. But years of sanctions have pushed much of Iran’s remaining China trade towards independent refiners, opaque intermediaries and non-dollar channels with less exposure to the US system.
26 min read
Can America Make North American Manufacturing More American Without Making It Less Competitive?
Canada is far more exposed to a trade rupture than the United States. But North American manufacturing was deliberately built as an integrated regional system.
14 min read
America Says It Controls 65 Billion Barrels of Venezuelan Oil. That Is Not What Happened.
Washington says it has taken is something subtler and harder to name: an equity stake in the company that will work seventeen fields, a hand on that company’s governance, and the right to buy its oil cheaply. So the real question was never who owns the oil.
23 min read
Europe Is Facing a Second China Shock. America Isn’t the Main Cause.
Chinese industrial competition is intensifying across Europe, inside China and in third markets. US tariffs are reshaping those flows and may produce larger indirect effects over time.
32 min read
Indonesia Isn’t Choosing China. It Is Diversifying Its Dependencies.
Indonesia is deepening defence-industrial cooperation with Beijing while China already dominates important parts of its trade and industrial economy.
27 min read
The $40 Trillion Warning Is Real. The Bond-Market Panic Isn’t — Yet.
The United States has crossed another enormous debt milestone just as long-term borrowing costs have surged to levels not seen since before the financial crisis.
14 min read
The Strait That Is Neither Open Nor Closed
Ships are still moving through Hormuz. Normal commerce isn't. The deeper dispute is no longer simply whether the Strait is open, but what rules govern passage, who gets to enforce them—and whether commercial shipping can operate between competing systems of coercion.
22 min read