Germany’s export-based economy would suffer if it’s caught between Trump’s tariffs and Chinese industrial subsidies: the country’s companies have high exports to both the U.S. and China. Scholz claims the EU’s policies should enable those exports and not anger trading partners. One such example is a planned EU carbon border tax, the Carbon Border Adjustment … Read more
Next, comes Europe’s strategic climate hypocrisy. As part of our concern for the climate, we’ve pushed our energy-intensive plants outside the Continent. The steel industry is an important example of this, as the economy needs steel in virtually every investment — large and small — and yet our industry is dying, with the trade deficit … Read more
Given these power dynamics, the protests resulted in two key concessions: First, the EU put its trade talks with Mercosur nations Brazil, Argentina, Paraguay and Uruguay on hold. Second, it carved out a rule that would have forced farmers to leave part of their land untouched, resting the soil and hopefully allowing biodiversity to flourish. … Read more
