EU to Launch New Economic Security Plan Amid Global Tensions

The European Union is preparing to introduce a new "economic security doctrine" in early December. This move comes as global trade tensions rise, marked by US tariffs and Chinese export controls. The new doctrine will provide EU officials with a clear overview of available policy tools. This effort continues the bloc's work on an economic security strategy launched over two years ago. However, the EU has yet to settle on a single definition for the term "economic security." The upcoming doctrine will act as a practical guide for bureaucrats. It will catalog the different policy "weapons" and "levers" the union can use to protect its economic interests. The EU is advancing this plan even as it continues to implement its broader 2023 strategy.