Financial TimesFinancial Times

How America is reshaping the global economy

By Gideon Rachman

05 Jun 2023 · 4 min read

Editor's Note

An "unheralded revolution" has taken place in America’s approach to international economics, with monumental consequences for global free trade, argues the FT's Gideon Rachman.

An unheralded revolution has taken place in America’s approach to international economics. As the new thinking emerges, it is reshaping the global economy and the western alliance.

The approach was set out most clearly in a speech by Jake Sullivan on April 27. The fact that Sullivan is President Joe Biden’s national security adviser is a clue. Strategic rivalry with China is central to the new thinking.

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