When America’s no.1 globalist asks for more reciprocity from China, it looks like things gave gone too far. When China joined the WTO in 2001, says Friedman we gave China the right to keep protecting parts of its market — because it was a “developing economy.” The assumption was that as China reformed and become more…… Continue reading Western Free Trade vs Chinese Mercantilism
The strike is apparently about Russian gas exports, but could be very indirectly about German industrial exports benefiting from well-priced Russian gas. Or, somehow, about finding the weak German spot, where the EU could not serve anymore as legal protective wall, especially when Poles and others are not very happy about NS2. Because it is…… Continue reading US Senate hits Nord Stream 2
JEFTA by July ? Wow ! End-of-the-year was not bad either, but July is a sign of the approaching Brexit, and it is not known for the moment where it is going. Because Brexit is heavily impacting the Japanese auto producers, so, fast-forward JEFTA. For the EU, no ISDS/ICS in JEFTA, no Wallon headache bis.
Jean-Claude Juncker complained some two weeks ago that the US were trying to cut trade deals with individual EU Member States, after it had already transpired in march that Donald Trump had made this unusual proposition to Angela Merkel at their first high-level encounter. Both Merkel and Juncker reaffirmed that trade is an exclusive EU…… Continue reading Trade & currency wars, revisited
A small step for the EU, a big leap forward for Ukraine. Small step from the larger offensive to bring Ukraine in the “West” ? But beware of the Big Brother Bear …
Following Jean-Claude Juncker’s injunction, Angela Merkel learnt a hard lesson in global affairs by trying to coallesce an anti-US, or rather anti-Trump, alliance on climate matters in view of the July G20 Summit. The EU had had found out at its expense some two weeks ago that China was putting trade interests before climate change. Now,…… Continue reading Learning “global affairs”. The hard way
Europe was supposed, for a year now, to be on a death spiral, since the Brexit, the election of Donald Trump, and the much-feared antieuropean setbacks in Austria, Netherlands, and especially, France. Crying wolf in anticipation was useful again and no big wolf did eventually show his tail. On the contrary even, the election of…… Continue reading Summer Sunshine