Good morning. About 11 individuals have died in Sweden yesterday, in what authorities have known as the worst mass taking pictures within the nation’s historical past.
At the moment, our commerce correspondent reveals secret EU plans to hit back against US Big Tech groups ought to President Donald Trump impose tariffs on Brussels, in a dispatch from a gathering of commerce and competitors ministers in Warsaw.
And our Nordics correspondent explains why Jens Stoltenberg’s comeback could possibly be an asset in coping with Trump.
Feeling the ache
The EU is gearing up for a possible commerce battle with US President Donald Trump. However regardless of thorough preparations for countermeasures, their software might expose cracks within the bloc’s unity, writes Andy Bounds.
Context: Trump has known as the US commerce deficit with the EU an “atrocity”. He has threatened to impose tariffs so as to coerce Denmark into handing over Greenland, and to press the EU to drop regulation affecting US technology companies.
EU commerce commissioner Maroš Šefčovič yesterday advised commerce and competitors ministers assembly in Warsaw that he was ready to hit again laborious.
Based on officers briefed on potential retaliatory measures, one possibility is for the EU to hit Silicon Valley with its “anti-coercion instrument”, which might enable the restriction of trade in providers.
“If you’re weak, he eats you. And in case you don’t negotiate, he kills you,” Luxembourg’s commerce minister Xavier Bettel stated yesterday about Trump.
However this may not final, if drastic EU retaliation makes Trump enhance the ache on already weak industries, reminiscent of metal and agriculture.
Some member states are already creating their very own methods. An official from one nation stated their authorities was shopping for US fighter jets and looking for extra liquefied pure gasoline, to placate the US.
Dutch commerce minister Reinette Klever stated she would journey to the US in March. “I hope to talk to the Trump administration to defend the Dutch interest,” she stated, calling for a “strong and proportionate” response to any tariffs.
However Péter Szijjártó, Hungarian commerce minister and a Trump fan, left the assembly earlier than it mentioned the US. When requested about his response to the American president’s threats, he merely expressed hope that he “will convey peace”, presumably referencing the battle in Ukraine.
“The worst resolution can be every member state making an attempt to have its personal relationship with the US,” France’s commerce minister Laurent Saint-Martin advised the Monetary Instances. “If we need to construct European financial energy, we should present the world we’re united.”
He added that France wished to keep away from a commerce battle, however it was a query of “values”. France and the EU would rise up for a multilateral buying and selling system ruled by the WTO, Saint-Martin stated.
Chart du jour: Polarisation
Friedrich Merz seems to have been cruising in the direction of his dream of changing into Germany’s chancellor. Then, he out of the blue determined to play with fire by collaborating with the far proper.
Jens ex machina
Throughout his time as Nato secretary-general, Jens Stoltenberg was hailed for his magic contact in coping with leaders from Donald Trump to Recep Tayyip Erdoğan.
Now, Norway’s Labour celebration hopes his star energy can as soon as once more placate Trump, assist bolster relations with the EU and win elections in September, writes Richard Milne.
Context: Stoltenberg was named Norway’s finance minister yesterday, in a shocking return to the political frontline after 9 years because the Nordic nation’s prime minister, adopted by 10 years as Nato chief.
Stoltenberg has no scarcity of points to cope with.
Norwegian politicians and enterprise individuals are frightened of getting caught within the crossfire of any commerce battle between the US and EU, which Norway shouldn’t be a member of. Stoltenberg’s famed standing as “Trump whisperer” will hardly harm, though there are questions on how far it will possibly assist too.
Oslo’s relationship with Brussels can also be within the stability. Norway’s earlier coalition authorities collapsed last week as a consequence of divisions over implementing EU vitality coverage. Stoltenberg’s Rolodex of European ministers will certainly assist there, too.
However Oslo must resolve what it desires. Worries about Trump have reignited the talk about EU membership, 30 years after the final no from Norway. However the Labour celebration has additionally stated it won’t renew electrical energy interconnectors with Denmark, one thing the EU views with dismay.
Then there are parliamentary elections in September. Labour had regarded like it might slip to its worst end in greater than 100 years, earlier than Stoltenberg popped up once more.
“He was speculated to be winding down a bit,” his spouse Ingrid Schulerud advised Norwegian TV, “however there’s by no means a uninteresting day with him”.
The 65-year-old gained’t lack for pleasure within the coming months, however his stellar repute shall be put to the check.
What to observe at present
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European Fee to current strategy on ecommerce points.
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French parliament votes on whether or not to topple Prime Minister François Bayrou’s authorities over proposed funds.
Now learn these
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Exodus: Bulgaria’s inhabitants has fallen by a quarter for the reason that Nineteen Eighties, amid departures for jobs overseas and a low start charge, unravelling the social material.
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Reducing ambitions: The European aviation business now not thinks that hydrogen-powered planes shall be a game-changer in reaching internet zero by 2050.
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Cooked: The EU and different large polluters are anticipated to overlook a UN deadline for brand new local weather plans, as many international locations are already off track for his or her 2030 targets.
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