Archive · 10 Aug 2025
The US's 'Turnberry System' and the New Global Trade Order
Imagine the world has a new set of rules for how countries trade with each other.
The US calls this the 'Turnberry system.'
Instead of following the old rules of fairness set by the WTO, the US is making deals that benefit itself first.
For example, the US made a deal with Europe where some goods get taxed.
The US wants to make its factories strong again, so it's using these new rules to protect its businesses.
Some people think this is good for the US, but others worry it might hurt the world's economy by breaking the rules.
The 'Turnberry system' is a new global economic order promoted by the US, prioritizing national interests over multilateral institutions.
The system involves bilateral trade deals, such as the US-EU agreement, which includes tariffs and investment agreements.
The deal involves EU tariffs of 15% on US goods while buying $750B of American energy products by 2028, and investing $600B in the US.
Critics argue that the Turnberry system abandons WTO principles and sets a dangerous precedent.
The US aims to re-industrialize, using tariffs and swift retribution for non-compliance to enforce its priorities.
- Who
- The US, led by figures like Jamieson Greer, and nations involved in trade agreements.
- What
- The emergence of the 'Turnberry system' a new global economic order led by the US.
- When
- The system is being constructed following the 'Trump Round' of trade discussions.
- Where
- The US and its bilateral agreements with countries like the EU are central.
- Why
- To rebalance trade in a more 'sustainable direction' and re-industrialize America.
Supporters of the Turnberry System
Critics of the Turnberry System
Economic Impact
Supporters of the Turnberry System
The system will re-industrialize America.
Critics of the Turnberry System
Critics say it will disrupt the economy.
- System Name
- Turnberry System
- Key Principle
- Prioritizing national interests
- US-EU Deal Tariff
- 15%
- EU Investment in US
- $600 billion
- EU purchase of US energy products (by 2028)
- $750 billion
- Focus
- Re-industrialization of America