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4 episodes with eu trade
2 episodes with eu trade
3 episodes with eu trade
3 episodes with eu trade
2 episodes with eu trade
2 episodes with eu trade
4 episodes with eu trade
2 episodes with eu trade
2 episodes with eu trade
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) A federal appeals court offered President Donald Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda, giving at least some hope to a White House now facing substantial new restrictions on its effort to rewrite the global trading order. (2) US Treasury Secretary Scott Bessent said trade talks with China are “a bit stalled,” and that a call between President Donald Trump and his counterpart Xi Jinping may be needed for the world’s two largest economies to reach a deal. (3) President Donald Trump pushed Federal Reserve Chair Jerome Powell to lower interest rates at their first in-person meeting since the president’s inauguration, the White House said. (4) Buried deep in the more than 1,000-page tax-and-spending bill that President Donald Trump is muscling through Congress is an obscure tax measure - section 899 - that's setting off alarms on Wall Street and beyond. (5) The US economic outlook remains stronger than Europe despite sweeping policy uncertainty causing ripples across the economy, according to Citigroup Inc. Chief Executive Officer Jane Fraser. (6) Bank of England Governor Andrew Bailey has urged the government to strike a deeper trade deal with the European Union to improve growth and “minimize negative effects” of Brexit.Podcast Conversation: Why Wall Street Interns Are Safe From AI: Marc RubinsteinSee omnystudio.com/listener for privacy information.
052725 Scott Adams Show, Trump, Putin, Macron Slap, EU Trade, Big Beautiful Bill, Biden Autopen
From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored by CNBC's Jessica Ettinger.
The United States President, Donald Trump, has agreed to drop his threat to impose 50% tariffs on European Union imports and extend a deadline to negotiate tariffs with the EU by more than a month. In Argentina, the government has announced that its easing currency reporting rules to deal with dollars kept under mattresses. The Argentine government aims to unleash some $271 billion stashed away in mattresses, safes and foreign bank accounts.And Rahul Tandon will look at how Disney's live-action Lilo and Stitch remake beat Tom Cruise at the US box office. Lilo and Stitch, which revisits the 2002 animated family favourite, exceeded expectations with takings of $341m (£252m) around the world. Throughout the programme, we will be joined by two guests on opposite sides of the world: Sushma Ramachandran, an independent journalist and columnist with the Tribune newspaper in India, and Fermin Koop, a reporter on environmental and climate change in Argentina.
The United States President, Donald Trump, has agreed to drop his threat to impose 50% tariffs on European Union imports and extend a deadline to negotiate tariffs with the EU by more than a month. They're often in the headlines. We take an in-depth look at critical minerals, where they're found and why they matter. And Rahul Tandon will look at how Disney's live-action Lilo and Stitch remake beat Tom Cruise at the US box office. Lilo and Stitch, which revisits the 2002 animated family favourite, exceeded expectations with takings of $341m (£252m) around the world.
AP correspondent Mike Hempen reports a European Union official says he has had good trade talks with the Trump administration.
US President Donald Trump walked back his threat to slap 50 percent tariffs on all EU goods as early as June 1st, following a phone call with EU Commission President Ursula Von der Leyen. The acquisition of US Steel by Japan's Nippon Steel looks set to proceed, and Emmanuel Macron seeks to sell France as a bastion of stability as he tours Southeast Asia.
US President Donald Trump has agreed to extend a deadline to negotiate tariffs with the EU until July. Last week, Trump expressed frustration with the pace of talks and threatened to raise the tariff rate to as high as 50 percent as soon as June 1. UK correspondent Gavin Grey says this will be a significant relief to parts of Europe. LISTEN ABOVESee omnystudio.com/listener for privacy information.
How much richer will Starmer's EU reset make us? Why didn't he negotiate for goods what he agreed for food? And will his energy deal with Brussels help or hurt British manufacturers? Robert and Steph dissect whether Starmer's EU deal really is a “win win”. We appreciate your feedback on The Rest Is Money to help make the podcast and our partnerships better: https://opinion-v2.askattest.com/app/41f5060f-0f52-45bc-bf86-bf3c9793618e?language=ENG Sign up to our newsletter to get more stories from the world of business and finance. Visit: https://monzo.com/therestismoney/ Email: restismoney@gmail.com X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney goalhanger.com Assistant Producer: India Dunkley, Alice Horrell Producer: Ross Buchanan Head of Content: Tom Whiter Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices
Donald Trump and Vladimir Putin spoke on the phone today at length, but one analyst says what he saw wasn't so much progress toward a ceasefire, but the U.S. President failing to stand up to Russia.Eighty years after his father's plane was shot down over Dorset, the son of a Canadian Flying Officer killed in the Second World War tells us how he pieced together the details of that day -- and how he's commemorating them now.A Vancouver art student tells us why she wanted to take portraits of others who, like her, spent time in foster care.An English historian explains how he liberated an original version of the Magna Carta from obscurity, after discovering it deep in the Harvard Law School archives -- because it was believed to be a copy.Fifty years after "Jaws" made the waters around Martha's Vineyard seem very scary, a long-distance swimmer is braving them, to show that sharks deserve our friendship, not fear.As It Happens, the Monday Edition. Radio that just hopes things don't get too chum-my.(Plus: A bonus episode of "As It Happened: The Archive Edition" featuring stories about surprising and incredible journeys.)
Highlights from Talkback. William Crawley and guests discuss the news headlines.
If UK / EU Deal Makes it Easier for Companies to do Business, It's Good PODCAST: 4 Microcap Companies Covered, Watch 1 MACRO UK strikes EU Trade and Defence Deal US Credit Rating Gets Downgraded MICRO AURRIGO INTERNATIONAL #AURR DIANOMI #DNM KRM22 #KRM SDI GROUP #SDI *****MY BOOK***** How to Become a MicroCap Millionaire - A 3 Step Strategy for Stock Market Success Is now on sale here: https://www.sharepickers.com/how-to-become-a-microcap-millionaire-3-step-strategy/ !!!HOW GET 25% OFF MEMBERSHIP TO THE SHAREPICKERS INVESTMENT CLUB!!! If you buy a copy of the book, then leave a 5 star rating & write a positive review, you can get yearly membership to the SharePickers Investment Club for just £149.25!!! —---------------------------------------------------------------------- In this podcast I cover the Macro News relevant to the UK and monitor MicroCap Stocks to see if they're good enough to be added to the MicroCap League. The UK's first MicroCap League where 100's of small businesses are analysed and scored in relation to their growth, value, health, efficiency, momentum & potential. The company's that score the highest are added to the MicroCap League and possess the best risk / reward profile. —---------------------------------------------------------------------- IF YOU REGULARLY LISTEN TO THIS PODCAST AND ENJOY IT'S OUTPUT PLEASE CONSIDER GIVING IT A 5 STAR RATING AND REVIEW - THAT WAY MORE PEOPLE WILL FIND IT. THANK YOU
The UK and EU have agreed to a new deal, which including a 12-year agreement on EU fishing boats in UK waters. Fabian Picardo was in the studio who stated that any deal between the UK and the EU is positive news for the wider UK family, but says Gibraltar is negotiating its own treaty, which he says is excruciatingly close.Earlier this month, 10-year-old Gibraltarian Alma Belle Baharal competed at the Portuguese National Puzzle Championships, and she wasn't just there to make up the numbers. Alma Belle claimed not one, not two, but three gold medals! She's loved puzzles since she was a baby, and gave us some tips or how to complete them.Message in a bottle: a simple but effective way for people to keep their basic personal and medical details where they can be found in an emergency on a standard form and in a common location – the fridge. A Lions Club initiative, it helps emergency services personnel to save valuable time in identifying an individual very quickly and knowing if they have any allergies or take special medication. We spoke to Manolo Olivera from the Lions Club, John Perry from the emergency services and Jenny Victory from the Special Needs and Disabilities office.It was a busy weekend for local sports with Europa FC going to the preliminaries for the Champions League, another league title for the ladies' Europa hockey team, and the Gibraltar half marathon. Jose Mari Ruiz covered all of them.And, today marks 50 years of the CCC Sequence Dance Club! Husband and wife Curro and Ana Maria Morro have been at the helm since the beginning. They have kept the club active throughout even during lockdown. We caught up with both of them to find out how they are marking this huge milestone. Hosted on Acast. See acast.com/privacy for more information.
EU Commissioner Valdis Dombrovskis discusses the EU's trade strategy and negotiations with the US. He speaks with Bloomberg's Romaine Bostick and Vonnie Quinn.See omnystudio.com/listener for privacy information.
A trade deal that would see the European Union and the US zero out tariffs on industrial products would be the best way to resolve the current tensions, according to German Finance Minister Joerg Kukies. He expands on this with Bloomberg's Lisa AbramowiczSee omnystudio.com/listener for privacy information.
On this week's episode of the Trade Guys, we talk through the latest developments around the Trump administration's application of tariffs on the European Union. We also look at the impacts of the tariffs on the U.S., with a particular focus on the auto industry. Want to build your knowledge of American trade policy and politics by learning from top experts? Join the Trade Guys for a 1.5-day hybrid course on May 8-9. Learn more and sign up here: Crash Course: Trade Policy with the Trade Guys
The EU's trade chief has said the bloc was interested in having trade deals with the United States, but would react swiftly if the US went ahead with unilateral tariff hikes. Addressing a business meeting ahead of talks with officials, Commissioner Maros Sefcovic rejected President Donald Trump's claim that US-EU trade ties were unfair, saying the overall picture was "very balanced". Also on the show: Apple unveils a new, budget iPhone with AI features.
PREVIEW: CHINA: Colleague Fraser Howie indicates that EU trade with China is an open debate awaiting the German election. More later. 1967 Cultural Revolution
Olof Gill, European Commission Spokesperson for Trade and Economic Security, outlines the possible EU response to the imposition of US tariffs
An unscheduled meeting will take place tomorrow among EU Trade Ministers in response to tariffs from the United States. Tánaiste Simon Harris will be among those in the meeting. We speak to Lucinda Creighton, CEO of Vulcan Consulting, Former Minister for European Affairs and columnist for the Business Post.
An unscheduled meeting will take place tomorrow among EU Trade Ministers in response to tariffs from the United States. Tánaiste Simon Harris will be among those in the meeting. We speak to Lucinda Creighton, CEO of Vulcan Consulting, Former Minister for European Affairs and columnist for the Business Post.
On The LatinNews Podcast this week, we take a look at the challenges ahead for Mercosur, Mercado Común del Sur (Southern Common Market), as this trading bloc seeks to sign a FTA with the EU despite opposition from several European nations and approval from others, political polarization and enmity between Argentina's President Milei and Brazil's President Lula. Does this new look deal being negotiated differ at all from the original one, what can we expect during this era of new international contexts with the government of President Trump in the USA, will Mercosur expand and will there be an agreement so that individual member states achieve bilateral trade deals with third parties? We speak to Ignacio Bartesaghi, PhD in International Relations, Director of the Instituto de Negocios Internacionales at the Universidad Católica del Uruguay and expert on Mercosur.Follow LatinNews for analysis on economic, political, and security developments in Latin America & the Caribbean. Twitter: @latinnewslondon LinkedIn: Latin American Newsletters Facebook: @latinnews1967 For more insightful, expert-led analysis on Latin America's political and economic landscape, read our reports for free with a 14-day trial. Get full access to our entire portfolio.
A week is a long time in politics, but it is even longer in international relations. Leslie Vinjamuri, director of the US and Americas programme at Chatham House, joins Paul and Anand to work out what the complex combination of Trump, tariffs and trade negotiations means for Keir Starmer and the UK. What will Donald Trump's tariffs mean for the US's closest trading partners – and the EU and the UK? How should Keir Starmer approach relations with the unpredictable US president? Can the PM improve the UK's deal with the EU, and if so then what might the ‘reset' look like? And is the UK actually facing a choice between Trump's America and the EU – and, if so, what does he do… Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Prime Minister has been with EU Leaders in Brussels intending to 're-set' the UK's position with the EU. The Government is seeking a veterinary agreement with the EU to free up trade in food and animal products - something some farmers and food businesses have been calling for.We visit the author of the Rock Review into Tenant Farming - Baroness Kate Rock is herself a tenant, farming 450 hectares of arable and a small beef herd with her father in Dorset.And under the new system of farm payments in England, farmers can be paid for improving their soils. But how to do it depends on local geology. We visit a farm in the Brecklands on the Norfolk/Suffolk border, where growing crops in the sandy, stony soils can be difficult at the best of times.Presented by Anna Hill Produced by Heather Simons
In this episode, we delve into the reasons behind the sterling's recent surge, the progress of potential UK-EU customs collaboration, and the latest news on Sainsbury's plan to cut 3,000 jobs. We also highlight the £3.5 million renovation project for London's Millennium Bridge. Tune in now to stay updated on key economic and current affairs 英镑飙升、英欧贸易谈判、超市裁员与桥梁翻新 在本期播客中，我们带您了解英镑汇率飙升的背后原因，英欧潜在关税区合作的进展，以及英国零售业巨头 Sainsbury's 裁员 3000 人的最新动态。此外，我们还关注伦敦千禧桥 350 万英镑的翻新计划。立即收听，掌握关键经济与时事热点！
Last week, the Bank of England (“BoE”) emphasised the labour market's critical role in shaping monetary policy. Policymakers stressed the importance of early 2024 labour market data amidst uncertainty of the budget's potential impacts on wages and employment. Inflation rose in October, with headline Consumer Price Index (“CPI”) at 2.3% and core inflation at 3.3%, driven by higher energy costs. Meanwhile, rental inflation rebounded, and retail sales slumped amid budget concerns. Flash Purchasing Managers' Index (“PMI”) indicated the first contraction in output since 2023, as cost pressures and weak business optimism weighed. Consumer confidence dipped slightly in November, reflecting ongoing concerns about economic prospects despite resilient pay growth and employment levels.Stocks featured:CMC Markets, Games Workshop and Ithaca EnergyTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FRN: 226344) and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.
There is nervousness in Brussels about the incoming US administration. That is not just down to Donald Trump's plans for Ukraine, but also because of his pledge to slap tariffs on EU goods of at least 10 percent. Trump insists that the EU will have to "pay a big price" for not buying enough American exports. That could hit key industrial sectors hard, not least car manufacturing. And officials from the European Central Bank are now warning of the damage that US tariffs would do to economic growth in the eurozone. But is a trade war inevitable, or could the two sides negotiate an off-ramp? We put the question to two MEPs.
GOOD EVENING: The show begin in Ukraine, listening to the hawkish voices in the news from Washington... 1944 CBS EYE ON THE WORLD WITH JOHN BATCHELOR FIRST HOUR 9:00-9:15 1/2: UKRAINE: TRUMP, ZELENSKY, PUTIN. Anatol Lieven, Quincy Institute 9:15-9:30 2/2: UKRAINE: TRUMP, ZELENSKY, PUTIN. Anatol Lieven, Quincy Institute 9:30-9:45 #OHIO: #SCALAREPORT: Chris Riegel CEO, SCALA.COM @STRATACACHE. Deep bench of Buckeyes in Columbus and Washington 9:45-10:00 #AMERICAS: "Latino." Mary Anastasia O'Grady, WSJ SECOND HOUR 10:00-10:15 ISRAEL: EXHAUSTED: Seth Frantzman, Senior Correspondent, The Jerusalem Post; Executive Director, Middle East Center for Reporting and Analysis 10:15-10:30 IRAN: IAEA TO TEHRAN. Orde Kittrie, Senior Fellow, Foundation for Defense of Democracies 10:30-10:45 #HOUTHI: NO SOLUTION. Noam Raydan, Washington Institute for Near East Policy 10:45-11:00 ANTISEMITISM EUROPE AND AMERICA. Malcolm Hoenlein @CONF_OF_PRES @MHOENLEIN1 THIRD HOUR 11:00-11:15 #UKRAINE: FOUR PRESIDENTS. Colonel Jeff McCausland, USA (Retired) @MCCAUSLJ @CBSNEWS @DICKINSONCOL 11:15-11:30 ISRAEL: Iran nuke threat. Colonel Jeff McCausland, USA (Retired) 11:30-11:45 1/2: Iran & What is to be done to end the regime? Behnam Ben Taleblu, FDD 11:45-12:00 2/2: Iran & What is to be done to end the regime? Behnam Ben Taleblu, FDD FOURTH HOUR 12:00-12:15 HOTEL MARS: Hank Alewine, NASA. David Livingston 12:15-12:30 HOTEL MARS: Hank Alewine, NASA. David Livingston, SpaceShow.com 12:30-12:45 MRMARKET: MUSK. Veronique de Rugy 12:45-1:00 #EU: TRADE. Antonia Colibasanu, @GPFUTURES
#EU: TRADE, TARIFFS AND ROMANIA. ANTONIA COLIBASANU, @GPFUTURE 1940 DANUBE
A statement from the Groundfish Council on what they are calling 'misinformation' from the FFAW about 3PS cod + Nordic Hunters Alliance and others in the EU have hope that the trade ban on seal products will change.
Max and Donatienne are joined by Cecilia Malmström, former European commissioner for trade (from 2014 to 2019) and European commissioner for home affairs (from 2010 to 2014), to discuss the evolution of the EU's trade policy, EU-China ties on trade, and the state of transatlantic economic and trade relations. Learn more: Russian Roulette | CSIS Podcasts
Britain has left the EU almost five years ago, and the economic damage – particularly when it comes to trade – is now clear. The new Government has put resetting UK-EU relations at the heart of its growth mission. But the concrete actions announced so far are unlikely to make much difference. A far more ambitious approach to rebooting our trading relations will be needed to really shift the economic dial. How much difference will reducing uncertainty make, compared to actively removing barriers to trade? Should the UK pursue closer regulatory alignment with the EU, and if so which sectors should be prioritised? What meaningful changes can be made within the UK protocol, and where might the UK need to rethink existing agreements? And how much is both economically and politically feasible? The Resolution Foundation and UK in a Changing Europe are co-hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of the key highlights from new Resolution Foundation research on UK-EU trade priorities, we will hear from leading experts on what reforms would have the most impact, and what the new UK government might be able to achieve.
This evening we look at market moves with FNB Wealth and Investments, speak to Old Mutual about the latest trade move by China in retaliation to EU electric vehicle tariffs, MyBroadband discusses Cell C and MultiChoice being ‘technically insolvent' and how they can be rescued, Luno joins us to discuss its latest partnership with Zapper, that now allows you to use crypto to pay in 31 000 merchants across the country, and in our Agri Focus segment, we speak to the African Snakebite Institute on local anti-venom production being halted. SAfm Market Update - Podcasts and live stream
Conall MacCoille, Chief Economist with Bank of Ireland.
In our International News Review, Saturday Mornings host Glenn van Zutphen and co-host, author Neil Humphreys talk with Angela Mancini, Partner, Global Risk Analysis at Control Risks about the NATO Summit outcome in Washington - including Biden shocking gaffes, China opens tit-for-tat Investigation into EU trade barriers, and Singaporean CEOs have some of the shortest tenures in the world.See omnystudio.com/listener for privacy information.
Trade tensions between China and the EU are growing. Beijing has launched an anti-dumping probe into pork imported from the bloc following the latter's decision to levy extra tariffs on Chinese-made electric cars. How far will the economic tensions go? And what does it take to avoid a trade war, something least desirable for today's world?Host Tu Yun joins Dr. Zhou Mi, Deputy Director of the Institute of American and Oceania Study, Chinese Academy of International Trade and Economic Cooperation, Dr. Hans-peter Burghof, a professor and the Chair of the Banking and Finance Department, University of Hohenheim, Germany, and Dr. Qu Qiang, a Fellow of the Belt and Road Research Center, Minzu University of China for a close look at the issue on this episode of Chat Lounge.
Featuring: Jon Herskovitz, Bloomberg East Asia Government Editor discusses Putin's North Korea/Vietnam visit Stephen Dyer, Co-Leader of AlixPartners Greater China Business and Head of Asia Automotive Practice discusses China's response towards EV tariffs imposed on them Philipp Bärtschi, Chief Investment Officer, Head of Investment Management, Bank J. Safra Sarasin discusses what is moving the markets Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-asia/id1663863437Spotify: https://open.spotify.com/show/0Ccfge70zthAgVfm0NVw1bTuneIn: https://tunein.com/podcasts/Asian-Talk/Bloomberg-Daybreak-Asia-Edition-p247557/?lang=es-es See omnystudio.com/listener for privacy information.
The Labour Party signed off the agreement in July last year, after twelve rounds of negotiations between 2018 and 2022. Opposition leader Chris Hipkins spoke to Corin Dann.
After Chris' report this week, Ben is joined by Rachael McGrath, Aussie dairy farmer, Steve Spencer, of Freshagenda and John Allen, Director at Kite for an update on Dairy Down Under. Steve gives us an overview of the highs and lows there over the last few months including the impact of the high milk price, volatility of the climate and what the relationship looks like between retailers and dairy farmers. Rachael gives us an insight onto her family farm and what the previous and current year has looked like including the impact of milk price, weather and the post Covid labour market. They give their thoughts on the EU Trade negotiations and discuss the challenges of the landscape in terms of connecting people, especially the next generation, comparing the investment in young farmers by processors in the UK vs Aus.
The Squiz is your shortcut to the news. More details and links to further reading for all of today's news can be found in The Squiz Today email. Click here to get it in your inbox each weekday morning. Other things we do: Squiz Shortcuts - a weekly explainer on big news topics Squiz Kids - a news podcast for curious kids. Age-appropriate news without the nasties!
The dispute over naming rights of some of Australia's favourite foods has turned what could have been a champagne deal for farmers into a sparkling diplomatic dud.
What does it take to steer EU trade policy through the challenges of our times? Tom Moylan meets European Commission Executive Vice-President Valdis Dombrovskis, who shares his insights into the inner workings of EU trade policy, how his background and upbringing have shaped his views on trade, and what it means to relentlessly seek solutions for issues that have a direct impact on people's lives. They are joined by Vanessa Mock, Communications Adviser on all matters concerning EU trade.
Australia and the European Union have resumed talks about a proposed free trade agreement, but some are questioning if a deal will ever eventuate.
Australia and the European Union have resumed talks about a proposed free trade agreement, but some are questioning if a deal will ever eventuate.
The NZ-EU Free Trade Agreement was signed in Brussels last night, but not everyone is happy. With a European economy worth NZ$27 trillion, a free trade deal is significant. Former Minister of Trade Tim Groser spoke to Corin Dann.
Last week, a group of very important people, including the U.S Secretaries of State and Commerce and trade representatives from President Joe Biden's administration, met with top European Union officials in the heart of the Swedish Lapland for the fourth Ministerial meeting of the U.S.-EU Trade and Technology Council, or “TTC”. Pressing needs were tackled, new initiatives were launched, commitments were made, and cooperation was deepened on a range of tech policy issues, at least according to the press releases. To hear an unvarnished view from someone who was at the meeting about what might actually come of it all, Justin Hendrix invited on a journalist who is, in my opinion, one the best tech policy reporters in the world: Mark Scott, Chief Technology Correspondent for Politico.
Existing Carbon Tariffs Subsidize Polluting IndustriesAccording to new international environmental economic research, most countries' existing trade policies implicitly subsidize carbon pollution. That's because many polluting industries, like oil production, face lower tariffs and fewer non-tariff barriers to trade (NTB) than industries selling finished products to consumers. In other words, carbon tariffs tend to be assessed on upstream industries only indirectly and later in the process (at the point of trade), and less so at the point of extraction and refining. As a result, existing trade policies tax dirty polluting industries at a substantially lower rate than clean industries. The favorable treatment in trade policy creates a global subsidy to carbon emissions in internationally traded goods and contributes to climate change. This subsidy is large – an estimated $550-800 billion annually, an amount of the same magnitude as some of the world's largest actual and proposed climate change policies. The subsidies amount to $85-120/ton, about the same amount many economists identify as an optimum price for carbon emissions. Trade policy is, in essence, giving the exact opposite price signal than what is needed to reduce carbon pollution. New research on these policies also suggests that if countries applied similar trade policies to clean and dirty goods, global CO2 emission would decrease with little impact on global real income.Carbon Border Adjustment Mechanisms Correct Existing Carbon SubsidiesCarbon border adjustment mechanisms (C-BAMs) are a form of trade policy that aims to correct these subsidies and prevent carbon-intensive economic activity from moving to areas with less stringent policies. Border adjustments apply fees on imported goods based on greenhouse gas emissions during production. A jurisdiction importing goods would impose carbon tariffs on carbon-intensive products, thereby offsetting current carbon subsidies given to dirty industries. C-BAMs are part of the European Green New Deal and will place tariffs on carbon-intensive goods imported by the EU, taking effect in 2026 on seven high-emission sectors. These border adjustments are an important climate policy mechanism to prevent the risk of carbon leakage, as C-BAMs prevent the industry from shifting emissions to regions outside the reach of the EU's stricter standards. Their goal is to ensure climate objectives are not undermined by production relocation, as the environmental effect of carbon emissions on the atmosphere are the same regardless of where they are emitted. This is an equitable policy; the cost to the planet of emitting greenhouse gasses is universal and thus the cost of emissions should have some consistency across the globe. C-BAMs also equalize the price of carbon between domestic products and imports. As a result, this policy encourages greening production processes across the world, so countries can avoid the border adjustment tax. Border adjustments can also be in the form of rebates or exemptions depending on the domestic policies for producers that export their goods. Such policies are already in place in California for certain imports of electricity. The United States, Canada and Japan are looking into C-BAMs, as well.The European Union Creates the First C-BAMOn April 25, 2023, the EU finalized the language for the world's first carbon tax; the initial transition phase is scheduled to begin in October 2023. In the European Green New Deal, European importers will buy carbon certificates that correspond to carbon prices that would have been paid if the goods had been produced under the European Union's carbon pricing rules. Products can also receive price deductions if the carbon price has already been paid in an outside country. In the EU, these adjustments will be phased in gradually first with iron, steel, cement, fertilizer, aluminum, and electricity generation.Our Guest: Joseph ShapiroJoseph Shapiro is an associate professor at UC Berkeley in Agricultural and Resource Economics and the Department of Economics. Shapiro holds a Ph.D. in economics from MIT, a Master's degree from Oxford and London School of Economics, and a BA from Stanford. He is also a Research Associate at the Energy Institute of Haas, Associate Editor of the Journal of Political Political Economy, Co-Editor of the Journal of Public Economics, and a Research Associate at the National Bureau of Economic Research. Shapiro's research agenda explores the following three questions: How do globalization and the environment interact? What have been the effectiveness, efficiency, and equity impacts of environmental and energy policies over the last half-century, particularly for water, air, and climate pollution? How important are the investments that people make to protect themselves against air pollution and climate change? Shapiro has also received an Alfred P. Sloan Research Fellowship, Kiel Institute Excellence in Global Affairs Award, and Marshall Scholarship. SourcesThe EU has approved the world's first carbon tax on imports, Aurora Almendral (Quartz, April 26, 2023)Joseph Shapiro biographyThe Environmental Bias of Trade Policy, Joseph Shapiro (Nov. 2020) Econimate video, The Environmental Bias of Trade Policy, Joseph Shapiro Carbon Border Adjustment Mechanism: Questions and Answers, European CommissionCarbon Border Adjustments, Center for Climate and Energy Solutions
Many countries have expressed concern over a number of subsidies passed by the Biden Administration mainly targeting green energy. In this episode we explore why some European countries view American subsidies as a provocation, why they are pursuing competing subsidies, and how this may affect the relationship between the United States and its European allies. … Continue reading A US-EU Trade War?
It’s been nearly six years since Canada ratified a major trade agreement with its second largest trading partner, the European Union. While the deal has been hailed as an overall success, it has yet to live up to its potential when it comes to agricultural exports from Canada. At the time in 2017, it was... Read More
Photo: No known restrictions on publication. @Batchelorshow ##Ukraine: #EU: #Trade: #Romania. The post Ukraine war economic orderr # What is to be done? Antonia Colibasanu, Geopolitical Futures. https://geopoliticalfutures.com/trends-that-will-define-the-coming-years/
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