The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
On a trip to Europe last week, U.S. Secretary of Defense Ashton Carter made two important announcements. First, on June 22, Carter revealed that the United States would contribute special operations forces, weaponry, and surveillance aircraft to NATO’s Very High Readiness Joint Task Force, a rapid response team of some 5,000 troops. The next day, in Tallinn, Estonia, Carter announced that the United States would pre-position military equipment, including 250 tanks, armored vehicles, and artillery, across several central and eastern European countries, among them Bulgaria, Estonia, Latvia, Lithuania, Poland, and Romania.
Both of these steps aim to strengthen Europe’s defenses and stabilize regional security, which has been deeply shaken by Russia’s war in Ukraine. Although the United States could do more still, increased U.S. military support should reduce the chances of war in Europe, particularly in the Baltics, where NATO faces the challenges of a limited military presence,