Back to today’s briefing

Story perspectives

Democratic 7 Unites Against Economic Nationalism and Threats

5/12/2025

50 4

Left

D7 Coalition Unites

A powerful coalition, the "Democratic 7" (D7), unites the EU, UK, Canada, Australia, New Zealand, Japan, and South Korea to combat rising economic nationalism. This alliance seeks to bolster free trade and democratic principles, fostering cooperation to safeguard critical supply chains and respond collectively to global threats. Together, they aim for resilience and unity in challenging times.

Center

Bessent Eases Tensions

In a pivotal moment for global trade, US-China talks in Geneva showcased promising strides towards easing tensions, with Treasury Secretary Scott Bessent declaring "substantial progress." Meanwhile, President Trump's focus on a new UK trade deal sparked worries among US automakers, fearing that foreign agreements might overshadow North American priorities.

History

Historical Context

The "Democratic 7" coalition reflects a historical response to rising economic nationalism, reminiscent of the post-World War II era when nations prioritized trade liberalization through institutions like the GATT and later the WTO. This coalition aims to safeguard democratic values and free trade, echoing past efforts to counteract protectionism, which has often led to economic instability and global tensions.

1 of 3

D7 Coalition Unites

A powerful coalition, the "Democratic 7" (D7), unites the EU, UK, Canada, Australia, New Zealand, Japan, and South Korea to combat rising economic nationalism. This alliance seeks to bolster free trade and democratic principles, fostering cooperation to safeguard critical supply chains and respond collectively to global threats. Together, they aim for resilience and unity in challenging times.

1 / 3