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ABSTRACT. The purpose of this paper will be to supply an overview of the US ability to play cycles of limit pricing and optimal tariff pricing, of the character of the US’ hegemonic behavior, and of the formal arrangements for the conduct of transatlantic business between the US and the EU. Norrlof argues that the US benefits from being the most dominant power today, and that it will continue to be the greatest power for the foreseeable future. Paupp claims that there is no other great power to replace the US as a hegemon. Shapiro and Witney maintain that the US and Europe remain far and away each other’s most important economic partner. (pp. 134–139)

STEFAN PAUN
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Politehnica University

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