During his first trip abroad as US president last week, Joe Biden kept telling Europe that “the US is back”. Before the G7 meeting, Biden signed a new Atlantic charter with Boris Johnson that agreed to protect democracy and open societies. After Cornwall, he went on to more meetings in Brussels with the European Union, ...

In May 2018, the US Administration announced that it was pulling out of the Joint Comprehensive Plan of Action agreement on Iran’s nuclear program, reimposing sanctions. Most notably, many penalties do not apply to US firms, but to foreign firms that may have no presence in the US; the sanctions are consequential in large part because ofUS importance to the global financial network.This unilateral action by the US ...