Deutsche Welleis worried about President Donald Trump reignit[ing a] trade battle with Europe.
US President Donald Trump vowed on Wednesday to make good on threats to impose high tariffs on European cars if the bloc doesn’t agree to a long-delayed trade deal with Washington.
The US leader said that the tariffs, which would Germany’s car industry especially hard, could amount to 25%.
In a Wall Street Journalarticle centered on the way tariffs involved in the People’s Republic of China/US trade “dispute” and the simmering EU/US trade dispute impact a Scottish town, Alistair MacDonald posed a question.
Is it fair for the US, in its pursuit of trade concessions, to hurt smaller businesses that make iconic products in nations such as Scotland?
The question is a non sequitur. The correction is, “Is it fair to single out particular subgroups for special treatment when addressing the rest of the group or the group as a whole?”
And not just through Progressive-Democrats’ Big Government demands and planned impositions. Now it’s fund MFWICs with bugs up their noses about their currently favored special interest, exemplified by BlackRock’s Larry Fink.
BlackRock, along with Vanguard and State Street, are the three most powerful investment funds, holding as they do roughly 20% of the S&P 500 through funds they run for investors. And now Fink is starting to dictate to the companies his company owns shares in what they must do vis-à-vis climate change, Fink’s issue du jour.
Mr Fink is surely right that investors should worry about climate risks leading to big shifts of capital, and therefore big price moves.
It’s creeping ever more deeply into the Progressive-Democratic Party’s psyche and ideology. It’s an idea that was first dreamed up in the ’70s, and it remains an idea that can only fail were it to be implemented.
Giving everyone a basic income won’t improve anyone’s income; it’ll only incentivize employers to pay a wage diminished by the amount of the guaranteed government payment. But the failure runs much deeper than that.
Such a scheme is inflationary: the outcome can only be a spike in inflation followed by price stabilization at a higher price level.
Russia and Ukraine have agreed a new natural gas transit arrangement to facilitate Russian natural gas through Ukraine to Europe. The EU was in on the negotiations, and it’s pleased. Maros Sefcovic, who was Vice-President of the European Commission for the Energy Union until last January and who then transitioned to Vice-President of the European Commission for Interinstitutional Relations and Foresight, led the EU’s part of the negotiations. He now says,
Russia remains a reliable supplier to European markets and Ukraine maintains its role as a strategic transit country.
The subheadline on a Sunday Wall Street Journalarticle says it all.
European voters have viewed the process so negatively that even EU-skeptic parties have mostly dropped talk of leaving the bloc or the euro
That was the entire motive for Brussels’ extended bad faith pseudo-negotiations with Great Britain after those uppity citizens voted to go out from the European Union. To be sure, Brit politicians, who insisted they Knew Better than their subordinate citizens, contributed to the mess with their own combination of arrogance and incompetent negotiating, but they just played into Brussels’ hands, they did not create the chaos.