Are there unintended consequences to European Union sanctions against Russia? While rocked initially by the restrictions, Russia’s economy has shown remarkable resilience. Europe, on the other hand, is facing a year of glacial growth. There are also growing concerns around the legitimacy of some of the embargoes being issued by Brussels, the adverse impact on … Read more
MADE IN AMERICA Meanwhile, the USTR investigation into shipbuilding and other sectors comes after a petition last month by unions including the United Steelworkers. They urged for action to address “unreasonable and discriminatory” policies and practices used by Beijing to dominate these industries. Biden won the backing last month of the United Steelworkers union and … Read more
Washington was pushing to “put China in the text every two sentences,” said one European diplomat who was granted the condition of anonymity to speak candidly. “It kept hammering on the Chinese nail.” To Washington’s satisfaction, the two sides committed to team up with other countries to tackle “China’s non-market policies and practices in the … Read more
“It’s been very successful,” said Daniel Mullaney, the former top U.S. negotiator on trade issues with Europe, of the TTC. “We’ve had high-level attention, including at the presidential levels, on all of these issues. That’s kept the momentum going.” The question now is what happens if Trump wins back the White House in November. Even … Read more
Shadow Chancellor Rachel Reeves said the party’s plans would be funded through an extension of the windfall tax on oil and gas producers, bringing in £2.2 billion a year, along with £2.6 billion per year in additional borrowing. Labour hope the stripped back spending plan will blunt Conservative attacks over its economic policy. Prime Minister … Read more
Demands and priorities Britain is providing the executive an extra £3.3 billion to start patching holes in services and pay long-delayed wage hikes that just triggered the biggest public sector strike in Northern Ireland’s history. The trouble is, the head of Northern Ireland’s civil service, Jayne Brady, has already told the new leaders that these eye-watering sums are still … Read more
