Quoted from the FT: “The world’s leading economies have agreed to a deal to spare the US’s largest companies from paying more corporate tax overseas, throwing into doubt the status of the biggest global tax deal in over a century.” This is very sad. Nobody who cares about the

pope leo criticizing global return to the law of the jungle: “it is disheartening to see today that the strength of international law and humanitarian law no longer seems binding, replaced by the presumed right to overpower others.”

"The EU-Mercosur trade agreement is seen as a landmark development for European wine and spirits producers, offering expanded market access, tariff reductions, and stronger protection for geographical indications (GIs) in South America" said Pauline Bastidon, our Trade & Economic

Good news.

Lengthy interview in this week’s Irish media in which I explain why the EU-Mercosur deal is good for the EU incl Ireland, and why IE worries about the beef sector while understandable, are misplaced. I am confident IE will in the end agree the deal. farmersjournal.ie/agribusiness/n…

A 25% tariff on Japan and Korea will make it more expensive to produce goods in the USA. 47% of US imports from Japan are capital goods. 43% of US imports from Korea are capital goods. Capital goods = "goods that are used in producing other goods"

On Europe and the 10% tariff: I am going to cut your arm. Please do not, please, please Ok, I shall be generous, and just cut your thumb. Thank you, thank you. You are so generous. [I very much hope i am wrong]

Absolument 💯 #Mercosur

These tariffs come on top of what already is there on steel, cars etcetera. Even if retaliation might be economically stupid, from a strategic and credibility point of view I don’t see how retaliation can be avoided. Joanna Sopinska

Statement by President von der Leyen on EU-U.S. trade ec.europa.eu/commission/pre…

Nächster Akt bei #trumptariffs. Es gilt natürlich, im Gespräch zu bleiben. Aber 🇪🇺 und 🇦🇹 müssen jetzt umso dringender die Hausaufgaben machen: - Neue Handelsabkommen abschließen; v.a. endlich mit #Mercosur. - Eigene Wettbewerbsfähigkeit stärken. - #EU-Binnenmarkt vertiefen.

If Trump doesn’t reach deals with big U.S. trade partners before August 1 and instead imposes threatened higher tariffs, I expect U.S. trade war costs will finally start to bite. An analysis: 1. Credit to Trump, to date trade war costs have been lower than initial estimates.

True!👇Brad Setser

Zoll-Deal: Das beste schlechte Abkommen. Treffende Bezeichnung. Das empörte "Kapitulation!"-Geschrei verkennt, dass die USA wirtschaftlich und sicherheitspolitisch am längeren Hebel sitzen. Entweder wir kommen in die Gänge oder wir bleiben abhängig. politico.eu/newsletter/ber…

Frans Köster Upteenth time for the #EU to conclude finally #Mercosur deal.

Sehr lesenswert von Thorsten Benner 👇

Deindustrialisierung in der Trumponomics.

👇👇Good piece, looking at the bigger picture. Self-harm explained from a security perspective. Peterson Institute EU Trade 🇪🇺

Solche Tweets werden in die Geschichtsbücher eingehen als Dokument für den Niedergang Europas in der ersten Hälfte des 21. Jahrhunderts. Grund: Politisch-strategische Führung: Null.

The current geopolitical moment is often compared to Chamberlain’s betrayal of Czechoslovakia in 1938. But there is another point in history that could be used as an example equally well. In 1944, Stalin, sensing victory approaching, demanded that part of Poland be recognised by