Agathe Demarais

Agathe Demarais is a columnist at Foreign Policy, a senior policy fellow on geoeconomics at the European Council on Foreign Relations, and the author of Backfire: How Sanctions Reshape the World Against U.S. Interests.

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Articles by Agathe Demarais
A view of the Russian Central Bank building in central Moscow on May 26, 2022.
A view of the Russian Central Bank building in central Moscow on May 26, 2022.

The U.S.-Russia Plan Gives Trump a $300 Billion Signing Bonus

Argument
Agathe Demarais
Takaichi and Trump
Takaichi and Trump

Why Did Asian Countries Give Trump So Much on Trade?

Analysis
Agathe Demarais
Mark Carney, left, in a black suit, points his right pointer finger. Donald Trump, also in a suit and tie, walks with his eyes closed and head bowed. The background is tree-covered mountains.
Mark Carney, left, in a black suit, points his right pointer finger. Donald Trump, also in a suit and tie, walks with his eyes closed and head bowed. The background is tree-covered mountains.

Canada Shows How to Neutralize Trump’s Trade Attacks This article has an audio recording

Analysis
Agathe Demarais
U.S. President Donald Trump speaks with Italian Prime Minister Giorgia Meloni at the White House in Washington on Aug. 18.
U.S. President Donald Trump speaks with Italian Prime Minister Giorgia Meloni at the White House in Washington on Aug. 18.

Europe’s Hippopotamus Strategy for Handling Trump

Argument
Agathe Demarais
Long line of cars at Russian gas station
Long line of cars at Russian gas station

Putin’s Fear of a Humiliating Economic Crisis

Analysis
Agathe Demarais
Parts of the Shahran fuel depot on the outskirts of Tehran are ablaze after an Israeli attack on June 15.
Parts of the Shahran fuel depot on the outskirts of Tehran are ablaze after an Israeli attack on June 15.

Did Trump Just Lift Sanctions on Iranian Oil?

Analysis
Agathe Demarais
A wind turbine lies toppled by a tornado near Prescott, Iowa, on May 22, 2024.
A wind turbine lies toppled by a tornado near Prescott, Iowa, on May 22, 2024.

Trump Is Hitting Green Energy Hard

Analysis
Agathe Demarais
U.S. President Donald Trump participates in an investment forum at Qasr al-Watan, the presidential palace in Abu Dhabi, United Arab Emirates, on May 16.
U.S. President Donald Trump participates in an investment forum at Qasr al-Watan, the presidential palace in Abu Dhabi, United Arab Emirates, on May 16.

The U.S. Economy Is Now Trump Enterprises

Analysis
Agathe Demarais
Plaza Accord
Plaza Accord

Why a Pact to Weaken the Dollar Makes No Sense

Analysis
Agathe Demarais
Employees work on a production line for teddy bears for export at a toy factory in Lianyungang, China, on Nov. 22, 2024.
Employees work on a production line for teddy bears for export at a toy factory in Lianyungang, China, on Nov. 22, 2024.

Trump Can’t Force a Global Decoupling From China

Analysis
Agathe Demarais
A large ship in the ocean
A large ship in the ocean

What Europe Can Do If Trump Drops Russia Sanctions

Analysis
Agathe Demarais
Von der Leyen, a woman in her 60s, is seen from the shoulders upward. She looks slightly concerned as she looks to the left. Behind her is a circle of yellow stars on a blue field from the EU flag.
Von der Leyen, a woman in her 60s, is seen from the shoulders upward. She looks slightly concerned as she looks to the left. Behind her is a circle of yellow stars on a blue field from the EU flag.

Note to Europe: Stay Calm and Don’t Retaliate

Argument
Agathe Demarais
A Ukrainian serviceman trains in the woods near the frontline in Ukraine.
A Ukrainian serviceman trains in the woods near the frontline in Ukraine.

Three Years On, What’s Next for Europe and Ukraine?

Analysis
Daniel Fried, Ulrich Speck, Agathe Demarais, Nathalie Tocci, Garvan Walshe, C. Raja Mohan, Jo Inge Bekkevold, Mick Ryan, Keir Giles, Stefan Theil
Protest against Nestlé
Protest against Nestlé

Why Are Western Companies Still Financing Putin’s War?

Argument
Agathe Demarais
A silhouette of Donald Trump speaking into a microphone.
A silhouette of Donald Trump speaking into a microphone.

From Musk to Gaza: Issues We’re Watching in 2025

Roundup
Edward Alden, Elisabeth Braw, Steven A. Cook, James Crabtree, Agathe Demarais, Zongyuan Zoe Liu, C. Raja Mohan
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