MEPs agree to implement deal almost 12 months after it was proposed and just days before deadline of US threat to raise tariffs

The European parliament has given its final approval to implement last July’s tariff agreement with Donald Trump.

Facing a threat of increased tariffs if the deal was not sanctioned by 4 July, MEPs agreed to approve the deal, with two main provisos.

Continue reading...

© Photograph: Benoît Tessier/Reuters

© Photograph: Benoît Tessier/Reuters

© Photograph: Benoît Tessier/Reuters

A year ago it was the hot topic, but business owners have seen there’s a limit to the president’s royal decrees

In two weeks, I’m speaking to a group of companies in the packaging industry about issues affecting their businesses this year. I’m going to discuss the economy, navigating higher costs, leveraging new tax legislation, AI and what companies are doing to find and retain workers in a volatile job market.

You know what I won’t be talking about? Tariffs.

Continue reading...

© Photograph: Keith Birmingham/Pasadena Star-News via Getty Images

© Photograph: Keith Birmingham/Pasadena Star-News via Getty Images

© Photograph: Keith Birmingham/Pasadena Star-News via Getty Images

by Michael Snyder | End of the American Dream Over the past few years, there has been a tremendous amount of buzz about an imminent “reset” of the global economy.  Well, what we are currently witnessing may not look like what they were anticipating, but a “reset” of the global economy is definitely here.  Trillions of dollars were invested to set up the global supply chains that we have today.  I have always argued that we should have never allowed ourselves to become so dependent on goods that are made elsewhere, and making more things in this country is a […]

by John and Nisha Whitehead | The Rutherford Institute    “This is economic sabotage. Whether through malice or incompetence or, more likely, both Trump is isolating the United States on the world stage, tanking the markets, worsening inflation, and burdening working families with the cost of his 18th-century cosplay. These aren’t policies. They’re performance art. And the rest of us are footing the bill.”—Oregon’s Bay Area (blog post) What we’re witnessing is the calculated use of emergency powers to concentrate power in the hands of the president, enrich the Deep State, and dismantle what remains of economic and constitutional safeguards. […]