Podcasts about Mercosur

Everyone weaponized trade policy at once this month, and the targets weren't always the obvious ones. Trump's latest tariff threats landed on the EU in retaliation for European fines on tech firms, which makes this a regulatory fight dressed up as a trade fight - and means every EU competition decision is now a potential tariff-triggering event. Add a threatened 100% tariff on generic drugs, and the low-cost end of the US supply chain starts looking fragile. Meanwhile the bill from the Iran war is arriving late but arriving. Strategic reserves are thinning, diesel and jet fuel are tight, and the Houthis are now vowing a maritime blockade on Saudi Arabia, which puts the other oil export route in play alongside Hormuz. The New York Times Peter S. Goodman takes the diesel crisis all the way down to Bangladeshi smallholder farmers who need it to pump water, which is a useful corrective to the European trucking angle. Heat is doing macro damage too: Europe's grids were built for a different climate, and retrofitting Switzerland alone for cooling carries a price tag in the hundreds of billions of francs. Then there's China, which is quietly running the export control playbook it spent five years complaining about. Beijing is tightening controls on outbound investment by companies and citizens, Huawei has engineered its way around US export controls with chip stacking and other workarounds, and the emerging assessment is that China came through the trade war in better shape than most of us assumed. Ardian and Rob get into whether export controls actually do anything beyond forcing innovation, whether the "Chinese model is collapsing" story is analysis or politics, and what it means for an export machine if the rest of the world eventually can't afford to buy. Which leads to Europe. The EU is talking tougher on Chinese overcapacity and subsidies, but China can retaliate faster through rare earths and critical inputs. Brussels keeps signing rules-based agreements - Mercosur, Switzerland, the post-Brexit deal - covering tariffs, services, labour and environmental standards, digital rules and investment protection, while US deals go transactional and bilateral. The awkward part: Europe hasn't actually used any of those agreements against subsidized Chinese manufacturing yet. Plus: TS correspondent Michelle returns from six months inside the Walmart employees subreddit with a report on drone cages in the parking lot, stolen Zebra scanners, and Walmart's two podcasts. There's a global whey protein shortage, a Geneva perch bumper crop, a man who allegedly stole a Sea-Doo in Canada and livestreamed his illegal border crossing, and an Air Canada pilot who spent 17 years in the cockpit without a licence.

Latin America, right wing wave, election fraud, "Vichy Latin America," Columbia, Abelardo de la Espriella, Venezuela, the earthquake that struck Venezuela and whether it was natural, US/Israeli troops deployed to Venezuela, Columbians fighting in Ukraine, drone operators, will Columbian mercenaries be used in Latin America, Establishment signaling of a drone attack on US, ELN, is the ELN being used to destabilize Columbia for the US?, the significance of the loss of Soviet funding for guerilla groups, the US' soft coup in Venezuela, the US attempting to crush the PSUV from top down, Ecuador, Mercosur, EU, Brazil, Brazil's links to China, will Brazil join China's AI stack?, why the US will attempt to stop Brazil from adopting the Chinese AI stack, Cuba, can Cuba survive?, Bolivia and the protests there, Argentina, Millei, Argentina as an elite haven, Chile, Chile's trenches along its border, Peru, Fujimori family, Honduras, Guatemala, Mexico, is Mexico bracing for US interference in its 2026 elections?, Panama, El Salvador, attempts to drive China out of the Western Hemisphere, Darién Gap, efforts to close the Darién Gap, plight of migrants, emphasis shifting from unskilled to skilled migrants, is Brazil being set up to be flooded with migrants?, is there an electoral root to power for the Latin American left (and American left)?, efforts by provocateurs to push people towards violence and criminal actions, is US encouraging activists to fight a war they can't win?Music by: Keith Allen Dennis:https://keithallendennis.bandcamp.com/ Hosted on Acast. See acast.com/privacy for more information.

We’re excited to have Will Loux, senior vice president of global economic affairs for the U.S. Dairy Export Council, join us to share his presentation of the future of U.S. dairy exports. For years, the U.S. dairy export portfolio has leaned heavily on nonfat dry milk, skim milk powder, lactose and lower-protein whey products. But our exports are changing. In the latest episode of The Milk Check, host Ted Jacoby sits down with Will Loux to break down the changing U.S. export picture. In this episode, we cover: Why U.S. dairy exports are moving toward cheese, fats and higher-value proteins How domestic protein demand is pulling skim solids away from dryers Why more cheese may be produced partly to create additional whey protein How exports are absorbing a larger share of new U.S. cheese production Where Latin America offers room for additional cheese growth What it will take for U.S. butter exports to become more consistent and profitable The U.S. has the milk. It has new processing capacity. And it is capturing a growing share of international cheese demand. But growth creates new challenges. Are you ready to meet them? Listen to The Milk Check episode 104: Can the U.S. Keep Its Dairy Export Advantage? Also available on: Amazon Music, Apple Podcasts, Spotify, and YouTube. Got questions? We'd love to hear them. Submit below, and we might answer it on the show. Ask The Milk Check Transcript: Ted Jacoby III: [00:00:00] Coming up on the Milk Check. Will Loux: What I’ve heard from folks in Europe and elsewhere is how do they manage the U.S. tsunami of exports that’s coming? And I think that, at the Export Council, it makes me excited, but it does mean we need to keep our strategies current. Ted Jacoby III: Welcome to the Milk Check from T.C. Jacoby & Co., your complete guide to dairy markets, from the milking parlor to the supermarket shelf. I’m Ted Jacoby. Let’s dive in. Ted Jacoby III: Today, we are very excited to have Will Loux, Senior Vice President of Global Economic Affairs for the U.S. Dairy Export Council joining us.  A few weeks ago I saw a presentation that Will gave that talked about where the U.S. dairy industry is going, especially from an international perspective. It was an absolutely fantastic presentation, and I couldn’t help but think that just this presentation alone would be an absolutely fantastic topic for our podcast.  I have a bunch of our traders joining us, many of our usual suspects, including: Ted Jacoby III: Diego Carvallo, Joe Maixner, Miguel Aragon, Mike Brown, all from our trading team. Guys, thanks for joining us. Will, thank you so much for joining us. It’s great to see you again. Will Loux: Good to see you, Ted. Thanks for having me on. Ted Jacoby III: Excited to have all of our listeners listen to this. Will, the floor is yours. Will Loux: Perfect. Well, thank you for having me, Ted, and glad to have so many people on here and another audience for this presentation. I’ve got some slides. For those of you like me who will listen to this podcast usually while driving, feel free to go check it out on YouTube. I am also gonna do my best to reference what is in those slides as best I can remember to do so. But what is the future of U.S. dairy exports? What we’ve seen, really over the last twenty-five years, has been this tremendous, consistent growth, in aggregate U.S. dairy exports. We just got May data, and what we saw was on an annualized basis over the last twelve months, the U.S. actually set a new record again. So our exports have never been higher than they are today. But that said, our exports look fundamentally different than what they did 20 years ago. Before, when we were getting started with exports, 75, 80% of our exports were really driven by nonfat dry milk, and low-protein whey products, and lactose. That’s been the vast majority of our portfolio for much of this time, and we’ve had a few different eras where we’ve seen U.S. cheese exports picked up, especially around 2014 when the world was short of milk and we saw U.S. cheese and butter go overseas. But then we saw that stagnate for a few years. Now, what we’ve seen since COVID has been this tremendous growth of these more value-add products, these specialty products. I believe the U.S. is moving towards a portfolio in the export market that looks a lot like cheese, fats, and proteins. And that’s gonna be the core of our exports, I think, going forward because the U.S. dairy industry is really kind of, I consider it an evolution rather than, like, a true revolution. But this is one of those facets that I think is really interesting to see is the U.S. has consistently been growing its exports, unlike a [00:03:00] lot of other supply origins. But this is one that I think as we go forward I’m really excited about. But it’s gonna change how we need to think about exports over the next few years. Ted Jacoby III: Will, it sounds like what you’re saying is not only are we seeing the total volume of exports go up, but the dollar per pound value is even going up faster because we’re switching away from that low-cost carb portfolio to a much higher-value protein, fat, et cetera portfolio. Fair to say? Will Loux: I think that’s exactly right. I think there are implications for that, too.  That if the U.S. is moving out of perhaps exporting as much skim milk powder or sweet whey because we’re instead making UF milk or cottage cheese or yogurt or high-protein whey, well, there’s still demand overseas for that sweet whey and for that skim milk powder. But now, it’s actually getting supplied by a few other countries, too. So, we do have to keep all of these things in mind. But to me, I think we’re moving up the value chain as the U.S., and what I’ve heard from folks in Europe and elsewhere is how do they manage the U.S. tsunami of exports that’s coming? And I think that, at the Export Council, it makes me excited, but it does mean we need to keep our strategies current with where we’re gonna go in the future. One of the things that I’ve noticed here over the last really few months but even going back to last year has been a real shift in how the U.S. dairy market is balancing itself. I would argue that for the last really 20 years, to be frank, but at least for the last 15 years, the U.S. dairy market has largely been balanced to domestic fat demand. Yes, we did see, certainly, exports of cheese grow over this time, so I don’t want to discount that as a butterfat-heavy product, but for the most part, what we’ve seen has been the U.S. has consistently balanced with where domestic demand for butterfat has grown, and then we’ve exported the skim solids largely in the form of nonfat dry milk and sweet whey overseas. What we’ve seen here over the last several years has been the U.S. switching from a traditionally balancing to domestic milkfat demand, where we’ve seen butter consumption grow, whole milk consumption grow. U.S. milk production, U.S. dairy production grew with that. And then, we exported the additional skim solids in the form of nonfat dry milk, sweet whey, high protein whey, lactose. Those products were the ones that we were really exporting. Now, what I think is happening is the U.S. is no longer really balancing to fat anymore. We’re in this precarious balance right now. We’re not quite balanced to protein yet, and we’re not quite balanced to the beef market yet because we still have high prices for protein. We don’t have enough of it to go around. We don’t have enough beef for the beef market to go around, but we also have more milk fat than the domestic market can consume. And so we’ve seen these exports really rise. So, I think what we’re seeing right now is the U.S. being pulled in different directions, and the U.S. exports as we go forward here over the next few years is in some ways at a crossroad as to which of these routes do we go. Do we swing back to balancing to milk fat, which would mean we’re probably short of protein, or do we start balancing more to protein, which means we’re gonna need to find homes for a heck of a lot more cheese and butter in the next few years. [00:06:00] Because to me, at least, if you look at the beef market, from a dairy farmer’s perspective, you are still seeing that incentive to add additional cows just based on the returns on the beef side of things. And because of that incentive to hold the dairy cows longer to get the additional black calf, also with that breeding the best of the best in the young stock, we are just seeing the largest milking herd since the 1990s and the lowest replacement herd since the 1970s. And everything we’re seeing on the beef cattle side of things would suggest this isn’t slowing down anytime soon. But from the U.S. perspective, I think what this means is we’re gonna continue to see more milking cows around, and those cows are getting more productive than ever before. And even as we’re seeing this surge in milk production, I think on a component basis, last year in in 2025 we were up 3.8%. This year we’re up not quite at 3%, but still pretty darn close. Even as we see this growth of milk, these additional black calves coming on the market, we actually still don’t see enough protein hitting the dairy markets right now. And so, what we’re seeing is even as we see this huge surge in cottage cheese production and yogurt production, my personal opinion is yogurt doesn’t get enough credit for this protein rally. It’s like 10X the volume of cottage cheese, but what we’re seeing right now is this pull of protein. I think this pull of protein is predominantly domestic. We’re seeing UF beverages, we’re seeing yogurts, we’re seeing cottage cheese, we’re seeing everything that whey protein can go into from cereals to snacks to beverages. All of that protein pull is basically sucking protein and skim solids that had been going to the export market back into the U.S. By virtue of that, we’re also seeing U.S. cheese production need to increase, not so much for the cheese demand that we’re seeing here in the United States, but rather for the whey demand that we’re seeing here as well. The cheese has really become that co-product of the whey stream. I think even conversations that I’ve had with U.S. manufacturers of, “How can I get more whey protein without building a new cheese plant” is part of the consideration. One of the things that we’ve looked at over this time has really been where is this protein in the United States going? Because we’ve seen U.S. milk production rise, U.S. milk protein production rise in the sense of protein out of the cow, but we still have less nonfat dry milk and skim milk powder than we had a year ago. What I’ve noticed over this time has been certainly the cheese vat continues to get first dibs on most of that protein. Even in the May data that we got out of USDA, you saw cheese production was up, even when nonfat dry milk was sitting at sky-high levels north of $2.00. What we’re really seeing right now is we’re pulling milk out of the dryers and either putting it into the cheese vat or putting it into these other high-protein products and the like. What that is doing is that’s shifting our export mix. So far this year, our exports of skim milk powder, amazingly, are flat somehow. But if [00:09:00] you look at our May exports of nonfat dry milk and skim milk powder, they were down 20%, and I think that’s reflective of that, and we were down last year. What we’re seeing has been the U.S. is moving out of some of these carb-heavy, as you talked about, Ted, to these more higher value uses for these products. And even nonfat dry milk production picked up in May, but it’s not that we pulled milk out of the yogurts or out of the cottage cheese or out of the natural cheese itself, it’s that we stopped making skim milk powder and instead made nonfat dry milk. This is really where we’re seeing this pull of protein, either in the form of beef necessitating more cows or necessitating more capacity to make whey proteins, milk proteins, UF products, or just high-protein dairy products. All of that pulled together is sending a, “Let’s go make more milk.” Contrasting that, you have cheese and fats, which at this point right now, and historically this isn’t too unusual, but it is something different than we’ve really seen over the last few years, has been this export push of cheese and dairy fats in the form of predominantly butter, AMF, and to a lesser extent whole milk powder. What we’re seeing here has really been this shift where right now I think we’re growing our milk production as fast as the international market can absorb our cheese and fats. Because if you look here, since COVID, what we’ve seen is about 36%, over a third of the new cheese that’s been manufactured in the United States, has gone to export. If you think about that historically, about 5% of the new cheese in the previous decade went to exports. And now we’re at 35%. And if you look at the last two years, it’s north of 65% has gone to exports. As we’re building these new cheese plants, in part for the whey, there is that eye towards, “Okay, where are we going with this cheese?” And it’s gotta be overseas. Within that, too, the United States is actually the one capturing what is a growing global market. It’s not just that the U.S. is flooding the market with less expensive cheese, it’s that global cheese demand is growing, and the U.S. is the one capturing that. Because if you look, since COVID, the U.S. has captured about 60% of that new cheese demand that’s happening overseas, and that’s really been coming from the United States. Europe’s grown their cheese exports too, so has New Zealand. Australia’s basically flat, but the rest of the world evens up. The difference here is that the United States is really the one capturing this demand growth because we have the milk, we have the cheese, and that’s really where I think the U.S. has managed to expand its footprint, be a more consistent exporter, and really break into new markets that it hasn’t before. But we’ve been in cheese for a while. Granted, it’s at a different scale today than what it has been. We were up 20% last year in cheese exports. This year we’re up about 25% so far this year. We continue to surge in our cheese exports. The difference that is new this time around is, fundamentally, that we’re seeing this expansion come not [00:12:00] just in cheese as our primary vehicle to export the fat and casein, but also in fat-heavy products, predominantly butter, but also AMF and whole milk powder, too. That you’re seeing the United States now, for every, load of high-protein beverages, you’re gonna have a load of cream that you’re gonna need to deal with, or multiple loads of cream that you’re gonna have to deal with, and that’s now going overseas. Domestic demand for butter is still going strong. Domestic demand for whole milk continues to grow. The difference is we’ve just grown production faster than that domestic demand. And so, you pull this all together, and I really think we’re seeing an evolution in our portfolio for exports. Cheese by value is now our biggest export product, and you’ve seen fats and proteins continue to grow within that portfolio, as well, from a value perspective. While we’ve seen nonfat dry milk, low protein whey, lactose, those have really been flat to declining over this timeframe. And so, if you look at that incremental growth that we’ve seen in our U.S. dairy exports since COVID, again, what we’ve seen is our two biggest stars during this period have been cheese and fats, and I think protein in the long run is still really optimistic to me. But you pull this all together, the U.S. is still gonna be a major player in skim milk powder, sweet whey, whey permeate, lactose. But if you look at where our exports are gonna grow in the future, those are really some of the key products. What do you all think about this as kind of a argument here for where our U.S. dairy exports are going? Joe Maixner: That’s been exactly what we’ve been discussing for the past six plus months, that our supply is going to continue to outpace the domestic demand. So 100% agree with everything you said in this, Will. I think that butter will continue to become a major player in the export market. Miguel Aragón: In my case, being out there in the trenches, I see this day in, day out. The penetration of U.S. cheese and butter, especially right now. We know the soaring ingredients, but cheese and butter especially, every day you could see it more and more in the marketplace. Something really interesting that you said at the beginning: If we’re gonna produce more cheese, we’re gonna have to find a place for it. We know the numbers, we see the numbers. It’s an amazing story. But right now, as we speak, that is replicating in Central America. You guys see it at the U.S. DEC. And I just came back from Colombia. The opportunity is there for us, as long as we keep doing what we’re doing now and looking at the market, adapting to the market, adapting to what the market is asking us for, and also replacing some of the product that is coming from Europe and New Zealand. But I agree with what you’re saying here 100%. Ted Jacoby III: Will, I’m gonna turn the question around on you a little bit. Is the global demand for butterfat there for us to continue to increase how much butter we’re exporting? And is the global demand for cheese there? Will that global demand keep increasing for those two products? Will Loux: From my perspective, it’s yes. What I find interesting over the last couple years has been that [00:15:00] cheese demand held up exceptionally well even during high inflation periods. Where we saw other dairy products actually feel a lot of the pressure internationally, cheese demand kept growing pretty much right on track. What we’ve seen here on the cheese side over the last couple of years internationally has been this acceleration in cheese demand, and I think some of that has to do with, as Miguel was saying, tremendous growth from our partners in Latin America. That’s been a key engine for U.S. dairy exports here over the last couple of years and, frankly, since the Export Council was founded about 30 years ago. But when we look at the opportunities abroad, I think that we still have a lot of untapped potential on the cheese side. I remain pretty optimistic about that. The other thing I’ll say, too, here is: I don’t think European milk production’s gonna keep growing at 3% a year. I don’t think you’re seeing the same investment in new cheese capacity. I think we’re seeing investment in Europe and New Zealand in new protein capacity, and that’s maybe another conversation. But I think the U.S., one, has the opportunity to capture what is a growing global market on the cheese side, and also capture market share on the cheese side. The butter standpoint has been interesting. Butter has typically been, internationally, one of the more price-elastic products. It’s one that we’ve seen when butter prices really skyrocketed, some of that may be allocation, but when butter prices were high, we did see international demand struggle. Conversely, when butter prices were low, like they are today in many ways, we’ve seen butter demand grow. And butter demand internationally is growing, not just out of the U.S., but globally. I think the question I have here with butter is less about can the U.S. compete in this market, but more, what is our price point relative to Europe and New Zealand. Because I think if you look at our butter exports, for much of last year we were probably a buck a pound below Europe. A lot of that butter was going into Europe, where coincidentally the tariff into Europe is about a buck a pound. I think my question is more crucially than can the U.S. capture growing demand for butter, it’s where do we grow our butter exports. And I, personally, think the U.S. should never be exporting really butter to Europe unless we get additional market access. I think the U.S. should be exporting butter to its higher value markets and partners, places like Mexico, like Central America, North Asia and Korea, Australia, the Middle East, assuming we can keep the strait open for a little while. But I still remain pretty optimistic that the U.S. can keep growing in those products. Some of it will be market share, and some of it will be new demand, particularly on the cheese side. Ted Jacoby III: Will, looking at this graph where it’s talking about, U.S. dairy exports by destination, there’s a big increase into Latin America since 2021. Will Loux: Yep. Ted Jacoby III: Is that fair to say most of that is cheese? Will Loux: It’s fair to say most of it is cheese. We have seen increases also in nonfat dry milk and skim milk powder exports to Latin America over this timeframe, too, but the big driver, I think especially post-COVID in Latin America, was, [00:18:00] one, that region was the first major region, I should say, where tourism increased to levels higher than what it was before COVID, and we continue to see pretty good economic performance in the region. The other thing I don’t wanna discount here, too, has also been the full implementation of CAFTA-DR, our trade agreement with many of the Central American countries came into full effect, and you’ve seen this real surge in demand from the region and collaboration with our local partners there, that we’ve really seen this growth in Central American demand and Caribbean demand. Most of that is cheese. More recently, there are also butter and AMF and so going there too, but cheese has been the engine on the Latin American side most recently. Mike Brown: Will, I’ve got a question. Anything in particular we in the dairy industry, and of course you at U.S. DEC, are watching as far as improving opportunities, but also possible disadvantages we may gain through trade. Will Loux: Yeah. Great question, Mike. I have a mix of optimism, and then probably a couple notes of caution on this. So from my optimistic take, a lot of these new agreements on reciprocal trade that we’ve signed with key partners around the world, some of these are incredibly exciting because these are markets we’ve wanted to have agreements with for a long time. In particular, Indonesia makes me very excited. I think if we are able to see that actually be implemented here soon, I would be even more excited. I think there’s still a question on when that gets fully implemented. Taiwan is another one. We are getting access into markets that we never had access to before. We’ll see when those are fully implemented but again, I am still pretty optimistic on where those have opportunities for the U.S. to build upon and get on an equal footing with our competitors in Oceania and in Europe. However, our competitors are not staying static. We see a new agreement here between the European Union and Mexico. We have an agreement between the European Union and Mercosur that gets them additional access, particularly in proteins. I think the U.S. cannot take its customers for granted. Especially as we look at places like Mexico, that’s one where competition is not going to go away. And when we’ve seen nonfat dry milk sit 75 cents plus above Europe, you’re gonna see customers start calling Europe and New Zealand and looking for alternative sources. Or when we have high-protein whey products that are in such demand domestically, are we making sure we’re contacting our customers abroad? Because what we’re seeing now is Europe is heavily investing in additional whey protein capacity. Even as the U.S. is the largest exporter of high-protein whey in the world, I think there are other origins that are coming for that. And so, when I look optimistically, it’s like, “Great, we get more market access.” But to some of the key questions that I have around like is the U.S. ready for the future of dairy exports, one of them is gonna be: How do we actually meet this international demand on the protein side, and are we gonna have the market access that we need to be able [00:21:00] to capture sales? As I look at the world market today, I have a ton of optimism for where the U.S. can really be the supplier of choice, but it’s not gonna be a straight line from here to there, even on the fats or even on the cheese. I think the last couple years, milk production’s been up so much, it’s allowed us to capture a lot of demand, but even those I think will bounce around. Mike, I don’t know if that answered your question, but that was where my head’s at these days. Ted Jacoby III: Everybody, we will be right back after these messages. Diego Carvallo: I’m Diego Carballo with T.C. Jacoby & Co.. T.C. Jacoby & Co. specializes in international dairy markets. For new customers that haven’t done business with Jacoby, I would tell them that we can provide them with many of the powders, dairy products that they consume, not only with the physical product, but we can also help them mitigate their risk. We know dairy. We know the main players. We know the main providers for the whole value chain. We are one of the strongest players in the U.S. market because we have contact all the way from the farmer moving the liquid milk all the way to the end users that buy the end products. I am Diego Carballo with T.C. Jacoby & Co., and we bring dairy to the world. Will Loux: Ted, maybe what do you think if we go through a couple of these questions and have a little debate? Ted Jacoby III: All right. We’ll ask our team. Number one, does the U.S. have the necessary market access and global reach to capture sales opportunities in a multipolar world? Will Loux: And maybe I’ll clarify what I mean by multi-polar world. Ted Jacoby III: Great idea. Will Loux: Cause what I mean by that is if you look at global dairy trade leading up to COVID especially, from 2010 to 2020, China was the engine of that global dairy import demand growth. They accounted for 40% of that growth. These days, I’m not particularly optimistic China’s gonna be the engine. I think China will be an important import market, for sure. And I think they’re still gonna need fats, they’re still gonna need proteins, but they’re growing their own domestic supply, particularly of commodities. So, what I think the future looks like from a demand perspective is collective growth. Latin America, Southeast Asia, Middle East, North Africa, Sub-Saharan Africa even, I think there will be a lot of countries growing that collectively equal what China was doing before. But we’re gonna have to play in a lot of markets. So, the question to you guys then is: Do we have the reach and access to be able to compete in a lot of different places, or what does that look like for the U.S.? Because China is not gonna be the engine of global dairy demand here over the next decade, we’re gonna have to compete in a lot of different markets. In the previous decade leading up to COVID, you saw a lot of the New Zealand milk production, an increasing percentage was going to China, which opened up opportunities for us in Southeast Asia and the Middle East and others.  As we look at this next era of dairy exports, do we have the market access? Do we have the global reach and infrastructure to be able to capture sales in a lot of different markets [00:24:00] around the world? Diego Carvallo: That’s a good question. If we start with the premise that the U.S. is not gonna desperately need to export nonfat, I would say that it’s not gonna be that difficult to find new markets. The U.S. is not gonna have to fight to move additional volumes like they need to do for products like butter. Where do we take the skim milk powder that we’re currently making if China is not a huge buyer anymore? There’s plenty of demand still to be covered in other regions of Southeast Asia in other regions in Latin America, where we should have a good footprint and where we should have some advantages when it comes to freight. I would say the main markets where we have to gain market share are gonna be definitely Central America, the Caribbean and Latin America because of all of the advantages when it comes to freight and the relationship and other factors. The market where we’re gonna fight with the rest of the origins is gonna be Southeast Asia, we may need to go there and fight with price, with aggressive pricing, and we may need to compete even with China, ’cause we’re hearing that even China has been exporting product to that region in the past year. There’s gonna be some markets where we are positioned to gain market share and others where we’re gonna have to compete in price. Ted Jacoby III: Miguel, what do you think? With cheese and butter, do we have the necessary market access and global reach? Miguel Aragón: We do have the necessary market access. Our products are welcome where we are taking them. Our issue is more like, the cheeses that we produce at scale, cheddar and color cheddar, are not necessarily the cheeses that our markets are asking for. We need Gouda, we need Monterey Jack, we need Sadero, we need Manchego. We need the help of our partners, our plant partners, to adapt and to see the opportunity of the cheeses that those markets ask for. And I’m in particular about Latin America. But then again, that’s a big market.  U.S. cheeses are well-received. We do have places to go with it. We just have to get better at exporting. U.S. DEC does a really good job at helping us get into those markets, vet the customers and teach about the products. We are doing the right things. We just need to do it a little bit better. We do have places to go with that extra cheese. Ted Jacoby III: Miguel, do you think there’s a lot of underserved regions in Central and South America? In other words, are there a lot of customers who the only reason they’re not buying and importing more U.S. cheese is because they don’t know who to buy it from, they don’t have the contacts? Miguel Aragón: I do. In the last trips that I made, especially to the northern part of South America, colombia, Peru, Ecuador, there is demand. It just reminds me of Mexico 15, 20 years ago. They don’t know who to buy it from. They don’t know that we make it. They don’t know that we have the variety that we have. It’s an education. We have to work, harder at marketing our products down there. But there is a place. There is definitely a place. There is a market. Ted Jacoby III: Thanks, Miguel. All right, Joe, I got a question for you. Can the U.S. export butterfat products consistently and in a [00:27:00] profitable manner? Joe Maixner: I think we’ve started showing that we can export consistently. Numbers have been pretty consistent and have been growing throughout the year. A profitable portion probably remains to be seen. We’ll always have to be aggressive as we’re entering into new markets ‘ cause we’re gonna have to find a way to penetrate into markets that have been historically dominated by Europe or Oceania with a product that does not look like Europe or Oceania’s product. The easiest way to do that, obviously, is to, for lack of a better term, buy our way into the market to people to try the product. But once our product is in there and they realize it’s a consistent quality butter, I think that we certainly have the opportunity to be profitable long-term. Realistically, exporting butterfat consistently makes everybody more profitable in the U.S. because it pushes fat offshore, which helps our butter price, ultimately, domestically. Will Loux: When I look at exporting butterfat profitably, for us, especially at the Export Council, it’s been one of those things that the U.S. for the longest time hasn’t had butter basically to export. When we’ve gotten long, we’ve found places to clear it. I think what’s changed this time around has been that it seems like with the pull of protein, that we’re gonna have at least some butter available long-term. The question that I still have is where are the best places for us to invest? And even as an Export Council, where are the best places for us to invest our resources into trying to make sure that customers even know that the U.S. has butter available to export, while also trying to find ways of helping U.S. exporters navigate different tariffs than they’ve traditionally had to export, making sure the product specs meet it, and then also trying to get new market access in places that, for a while we’ve seen a lot of trade agreements that thankfully got the U.S. access in cheese and in milk powders, and sometimes butter was in there, sometimes it wasn’t. And so how do we get additional access into that? I look at the U.S.-Japan phase one, that we got additional cheese access, I think we could use some additional butter access into Japan. I’m pretty optimistic on this one. I don’t know if we’re there yet, but I think it’s gonna be isolating which markets are going to be the most profitable for us. I’m probably less optimistic that we’re gonna be consistent in exporting butter here in the next couple of years. But long-term, I think it’s undeniable that the U.S. is gonna have to go in this direction eventually. Ted Jacoby III: Why are you less optimistic in the short-term? Will Loux: I’m a little optimistic in the short-term because we have been exporting effectively double the butter exports we have been. We’ve seen that gap between the U.S. and international markets close quite a bit. Inventories are pretty low. The milk fat test, until May, which surprised me a little bit, had been slowing down as farmers adjusted rations. If we get to the point where butter is $1.40, $1.50, I’m not sure it always makes sense for the farmers to pay for the incremental increase in feed inputs to boost the butterfat test to the [00:30:00] extent that would boost our exports. We may find ourselves tighter in butter in the fourth quarter because we’ve exported our way back to balance. And to me, it looks like where cheese was 15 years ago: That we are on the path towards being a consistent exporter, but we’re often still going to prioritize our domestic market. From the U.S. perspective, I think our butter looks like cheese did 15 years ago, where we’re often export competitive, but not always. Joe Maixner: Will, basically, you have summed up exactly what I’ve been saying for a while, where the butter export opportunity will be cyclical because we will get super competitive, which will drive our domestic price up, which will take us out of the market, and then in turn, cause a surplus of domestic butter to show up in the market, which will then collapse the price and make us super competitive again in the export market. We’re still early enough in the phase that we’re trying to figure out those cycles. I do think it’s cyclical. Overall, though, I do think we will be a consistent exporter. There’ll be a base, and it will ebb and flow, but I do think we will be a consistent exporter moving forward because as we’ve gained market share, we are getting loyal end-use customers in export markets that will consistently pay for our product. Will Loux: I 100% agree with that. I think it’s gonna be, where do we keep our consistent customers, and where are the opportunistic sales that maybe ebb and flow? That’s gonna be a multi-year process as that all shakes out as to where are our stickiest markets within all this? Mike Brown: You want those consistent customers. Jacoby, one of our jobs is helping people with those opportunities. So, they’re both important, but you still need that core base demand and respect for the product. And so, I have a question for you on this, Will. Let’s take butter. Butter’s a great example because the world is unsalted 82, we’re salted 80. I think Joe would attest: We’re seeing suppliers trying to be more flexible in making the product that meets that demand, yet on the other hand, if you’re gonna store a commodity, you gotta make the commodity that is the market product. What are you seeing as far as our adaptability to be that flexible supplier in the world market? What else do we need to do that maybe we aren’t currently doing? Will Loux: There certainly has been a lot of progress made. From my perspective, you have a few different things. One is, of course, the salted and the fat content in the U.S. is different. It’s rare that we’re gonna be exporting from our inventories of 80 salted unless it’s just purely a price play. But what I think about when I think long-term export opportunities is really targeting the key channels that the U.S. is likely to win in first. And some of that’s food manufacturing. I think that’s where the U.S. can be really good, especially making bulk butter for export. I think it’s the first channel. But then it’s also making sure our formats meet the expectations of the customers. Because food manufacturing, I think, will only get us so far. The next phase where the U.S. can really excel in a couple markets is in the foodservice space and in the bakery space, in particular. We have next to no [00:33:00] capacity in the U.S. to make butter sheets, basically the stuff that you would use for croissants or bakery applications. Those are things we know we’ve heard from customers on how we can make products that are specifically geared towards that. In the long run, those are some of the issues. Some of it’s also from an Export Council perspective, educating customers on why U.S. butter is a different color, helping them understand how to utilize it. And even if they choose to use 80%, how to adjust their formulations to that to help understand, “Hey, this is a simple difference of 2% fat difference.” We can work in that space here, too. Long term, I think the U.S. needs to be sure, and this is something we’ve seen in all the other export products that we’ve seen over the years, is not solely trying to sell what we make here in the U.S. and say, “Hey, you should try this instead.” But instead figuring out what our customers are asking for and really making that product. And a lot of that goes down to also the formats and trying to move beyond just bulk butter for further processing into really targeted markets with those specific products. Ted Jacoby III: Joe, do you think the butter industry will invest in those things to increase our capabilities to deliver what the customer wants? Joe Maixner: I think eventually they may have to if our fat components continue the direction that they’re going. Some of the forward thinkers will be the first to adapt, and they’ll be the beneficiaries of investing in some further processing type manufacturing to be able to account for that. Cause at the end of the day, the profit’s in the value add. It’s not in selling bulk.  If there’s production capacity, and there’s space to do the addition, and somebody has the foresight to take the chance on it, I think that the payoff is there. Because if you get into that food service type packaging or laminated butter sheets or you get into a product that nobody else is making, that makes you very sticky in that market. You own that market. Will Loux: Even as we’re talking about butter here, we’ve got to think of other, fat-heavy products that could actually play really well in the international market. I tend to think whether it’s, like a UHT cream product, I know there’s always interest in like a frozen cream product. That’s a hard thing for the U.S. to make in some ways. I think UHT creams, we continue to see grow even as we see UHT milk itself actually decline globally. But we’re seeing real interest in that food service sector of, “Hey, let’s get whipping creams that are really targeted towards some of these international markets.” As much as for the U.S. it’s geared around, “Okay, what’s the most storable form of fat?” I think that’s step one, to find a way to export it. But step two is really what are these value-add fat-containing products that we can actually be targeting and competing in as well. And then I think balancing to like an AMF or a whole milk powder, but then using our butter and creams for the value add opportunities. Ted Jacoby III: I agree. Joe Maixner: Let’s not forget cream cheese, either. Cream cheese internationally has been phenomenal. That has plenty of trajectory to keep going. Miguel Aragón: I [00:36:00] must agree 100% with what Joe was saying on cream cheese. We are seeing phenomenal requests for cream cheese throughout Latin America, now in Asia. As what you were saying about channels, Will, we are now working with retailers in Central America with butter. Right now, it’s food service packaging going into retailers, but I think that’s a very interesting thing happening because once those brands of U.S. manufacturers start showing up in the retailers, I think we’re gonna have a better pool of U.S. butter. Ted Jacoby III: I agree, Miguel. Will, I think we should move on to the next couple of questions.  – I’m gonna read them both out because I think they’re very related. The first question is, can the U.S. grow cheese exports fast enough to keep up with whey protein demand. And then the second question is, will the U.S. have the protein to supply both the rising domestic and international consumption? I’ll answer the Second question first, which is, my dad, one of the things he drove into us as traders was, at the end of the day, everything’s a matter of price. Which means supply and demand will be regulated by what the price of protein is in the global market. I think it’s fair to say Europe has a much greater ability to add whey protein processing than the U.S. does because a smaller percentage of the whey offtake from cheese plants in Europe is currently being processed into whey protein. So, we will see some pushback there. But in the end of the day, that’s simply gonna self-regulate over what that global price is. My prediction is, can the U.S. grow cheese exports fast enough to keep up with that whey protein demand? I think we are reaching a point where the U.S. is consistently priced where the world market is priced for cheese, and I think that is going to change the way new cheese plants get built because we have had pushback for for 40 years. It’s exactly what Miguel has been talking about, is you don’t make the cheese that we want. Well, if we’re consistently now priced properly into the international market, my challenge for the cheese industry is someone needs to build a plant that supplies the international market with what they want, because we’ve arrived at the point where we’re gonna be consistently competitive now, and that risk becomes worth it. Miguel, do you agree? Miguel Aragón: Totally. I couldn’t have said it better. The market is there; it’s waiting for us to take more of it, but we need the right product now. Ted Jacoby III: And I think that whey protein demand may actually drive someone to do it.  What do you think? Will Loux: I agree with everything you’re saying. I think these are two inextricably linked pieces. Right now the signals are such: “Make more whey protein capacity” is clear. There’s also an element of “make more MPC capacity” or “make more capacity with the skim stream targeting proteins” as well. I think what’s holding back some of this capacity to date is probably much more the profitability on the cheese and on the fat side, and where those prices are at. From the dairy farmer perspective of if they’re investing is, the dairy farmer getting the price signals on the protein side? Because right now they’re getting the [00:39:00] price signals on the cheese side and on the fat side, and those are saying not as much to grow. These all need to be put into the spectrum of like, if we successfully grow our cheese exports and keep that international price relatively firm and grow demand abroad for cheese, and grow demand abroad for fats, it’s clear to me the protein demand seems pretty much insatiable here in the U.S. I think there’s a ton of untapped demand internationally, especially as GLP-1s start launching internationally. Like, there is a lot of international demand that I don’t think the U.S. should lose sight of, particularly with regards to whey proteins and milk proteins and all these other products. But it comes down to: can we grow our exports of cheese and butter, not just where we’re setting the global price for those products, but finding ways to make that stream profitable internationally, just as we’ve made the protein stream now incredibly profitable from a whey protein perspective. Folks are gonna come, particularly in Europe, as you said, I think they’re manufacturing over a million metric tons right now of sweet whey in Europe. Some of that’s gonna go to high-protein whey products. We’re gonna have more competition in that space. We’ll see what the price ends up being. All of these things are inextricably linked. And when I think about the mandate here at the Export Council, it’s like, how do we grow those cheese, those fat, and those protein exports, to keep that profitably moving and continue that investment? Because demand’s there for protein, and we’re seeing good demand internationally for cheese. We’re moving the fat overseas. But how do we do that in the most valuable way possible, I think is really what’s gonna be that next era of U.S. dairy exports. Joe Maixner: Will, I’m gonna ask you a question, ‘ cause I’m gonna push back a little bit. You said that farmers aren’t seeing the signals because of cheese and fat. You don’t think a $17 plus Class III and an $18 Class IV basically for the next year, plus your return on beef, plus your cheap inputs on feed is not enough to get the farmers to expand? Will Loux: Oh, I think they will continue to expand. When the nonfat dry milk price shot up, I think that was a reflection that we were short on protein. That we pulled so much out of the dryer, that was that reflection. But I think as Mike even said on one of your previous podcasts, that it was really shown in the PPD rather than necessarily in the protein price. I don’t mean necessarily they’re not getting the signal, it’s just some of it’s our pricing system is a convoluted signal. Ted Jacoby III: Will, you’re speaking to the choir. Mike Brown: I’m gonna have to quote you on that one. Ted Jacoby III: I’m gonna take this opportunity to say, Will, thank you so much for joining us today. This has been a fantastic discussion. I hope you come back soon and join us again, because we always love having you on our podcast. Will Loux: Always fun being with you guys. Thanks for having me on. Miguel Aragón: Bye, guys. [00:42:00] End Commercial: Mike Brown: For one part of the supply chain to be successful, everyone has to be. My superpower is practical application of data and analysis. I believe firmly that Jacoby’s success is because we help our suppliers and our buyers be successful. I’m Mike Brown, and I love working for T.C. Jacoby & Co. because I get to help people make their businesses more successful.

UNAS CUANTAS VERDADES con Mariano Obarrio 27-07-2026 Entrevistas a: Diego Guelar @diegoguelar (Diplomatico, Abogado. Ex-Embajador en USA, Brasil, UE y China) Rodolfo Eiben (Presidente del Partido Demócrata de Córdoba, Parlamentario del MERCOSUR)

Rodolfo Eiben (Presidente del Partido Demócrata de Córdoba, Parlamentario del MERCOSUR) Unas Cuantas Verdades @marianoobarrio

Die höheren US-Importzölle auf Schweizer Produkte sorgen in der Schweizer Politik für Kritik. Gleichzeitig verleihen sie dem Freihandelsabkommen mit den südamerikanischen Mercosur-Staaten neuen Auftrieb. Weitere Themen: An Frankreichs Atlantikküste wüten derzeit heftige Waldbrände. Mehr als 60'000 Menschen mussten evakuiert werden. Die EU hat Frankreich Unterstützung zugesichert, doch eine rasche Entspannung ist nicht in Sicht. Auch weil die Lage für die Feuerwehr schwierig ist. Die anhaltende Trockenheit belastet die Landwirtschaft in der ganzen Schweiz. Besonders im Jura verschärft sich die Lage, weil Wasser in den Kalkböden rasch versickert. In den Freibergen müssen Landwirte ihr Vieh von den Alpen holen.

 – Kraje Ameryki Południowej nie chcą pozostać w pozycji kolonialnej – wskazuje redaktor naczelna Radio Debata Aleksandra Fedorska, komentując realizację umowy Mercosur. Próba potraktowania partnerów z Południa wyłącznie jako odbiorców niemieckich towarów zakończyła się strategiczną porażką Berlina. 

Chińscy producenci po raz pierwszy wyprzedzili europejskie firmy na rynku AGD, w Brukseli wciąż nie ma porozumienia ws. 21. pakietu sankcji na Rosję, a polski eksport do krajów Mercosur wyraźnie przyspiesza.0:52 - Chińskie AGD w Europie2:24 - 21 pakiet sankcji wobec Rosji3:38 - Najważniejsze informacje z polskiej gospodarki4:31 - Najważniejsze informacje ze światowej gospodarki9:00 - Kandydat do IPO10:26 - Dane z rynków i kalendariumKup subskrypcję „Rzeczpospolitej” pod adresem: czytaj.rp.pl

This session addresses the geopolitical realignments and economic challenges currently impacting Europe and the global order. It features a high-level conversation between Kyriakos Mitsotakis, Prime Minister of the Hellenic Republic, and António Costa, President of the European Council.Chaired by Fred Pleitgen, Senior International Correspondent for CNN Germany, the discussion tackles the consequences of the conflicts in Ukraine and the Middle East, the pursuit of European defence autonomy, and the complexities of financial and energy instability. The episode offers a look at the future of global stability through a European lens: From the ascension of the Western Balkans and new trade agreements with India and Mercosur, to the next day of relationship with the U.S. and balancing free trade with environmental protection.

  Mercosur countries are trying to reduce their reliance on imported fertilizers while also paving the way for greener alternatives. Beyond supply security, countries in the bloc are moving toward low‑carbon fertilizers, including those produced using renewable hydrogen. Learn more by following the conversation between Bruno Castro, responsible for fertilizer pricing at Argus in São Paulo, and Pamela Machado, who covers low‑carbon hydrogen and derivatives at Argus in Paris. Topics discussed in this episode include: Fertilizer consumption in Brazil and the country's dependence on imports Fertilizer price dynamics linked to fossil fuels Advantages and technologies for producing sustainable fertilizers Progress of projects in Paraguay and Brazil Infrastructure and regulatory challenges

Australia's independent online safety commissioner has launched a trio of tough legal battles against Elon Musk, who is accused of allowing hate to fester on his social media platform. The federal government has increased the application cost for most Australian visa classes. The South American trade bloc, Mercosur, launched negotiations with Japan this week for an economic partnership agreement. Recorded 3 July. - オーストラリアのオンライン安全委員会は、SNS「X」を率いる、イーロン・マスク氏に対し、ヘイトコンテンツへの対応をめぐって3件の法的措置を進めています。オーストラリアでは7月1日から新会計年度が始まり、多くのビザで申請料が大幅に引き上げられました。南米５ヵ国が加盟するメルコスールが、日本とのとの経済連携協定、EPAの締結に向けた交渉を、今週開始しました。1週間を振り返る週間ニュースラップです。7月3日収録。Listen to SBS Japanese Audio on Tue, Thu and Fri from 1pm on SBS 3. Replays from 10pm on Tue, Thu and Sat on SBS1. Listen to past stories from our podcast. Download the free SBS Audio App and don't forget to visit SBS Japanese Facebook and Instagram page! - SBSの日本語放送は火木金の午後１時からSBS3で生放送！火木土の夜10時からはおやすみ前にSBS1で再放送が聞けます。SBS日本語放送ポッドキャストから過去のストーリーを聞くこともできます。無料でダウンロードできるSBS Audio Appもどうぞ。SBS 日本語放送のFacebookとInstagramもお忘れなく。

Australia's independent online safety commissioner has launched a trio of tough legal battles against Elon Musk, who is accused of allowing hate to fester on his social media platform. The federal government has increased the application cost for most Australian visa classes. The South American trade bloc, Mercosur, launched negotiations with Japan this week for an economic partnership agreement. - オーストラリアのオンライン安全委員会は、SNS「X」を率いる、イーロン・マスク氏に対し、ヘイトコンテンツへの対応をめぐって3件の法的措置を進めています。オーストラリアでは7月1日から新会計年度が始まり、多くのビザで申請料が大幅に引き上げられました。南米５ヵ国が加盟するメルコスールが、日本とのとの経済連携協定、EPAの締結に向けた交渉を、今週開始しました。1週間を振り返る週間ニュースラップです。Listen to SBS Japanese Audio on Tue, Thu and Fri from 1pm on SBS 3. Replays from 10pm on Tue, Thu and Sat on SBS1. Listen to past stories from our podcast. Download the free SBS Audio App and don't forget to visit SBS Japanese Facebook and Instagram page! - SBSの日本語放送は火木金の午後１時からSBS3で生放送！火木土の夜10時からはおやすみ前にSBS1で再放送が聞けます。SBS日本語放送ポッドキャストから過去のストーリーを聞くこともできます。無料でダウンロードできるSBS Audio Appもどうぞ。SBS 日本語放送のFacebookとInstagramもお忘れなく。

Con Pablo Conde, director general de Desarrollo de Negocio Internacional de ICEX.

La Tertulia - 01.07.2026 - ¿Cuál es el rol de Uruguay en el Mercosur? by En Perspectiva

Ecuador envía 14 toneladas de ayuda humanitaria a Venezuela tras los recientes terremotos; El presidente paraguayo Santiago Peña recibe a Daniel Noboa previo a la Cumbre del Mercosur; Detienen en Manabí a un hombre que usaba inteligencia artificial para fingir ser policía y estafar; Sebastián Beccacece define el posible 11 de la Selección de Ecuador para enfrentar a México en el Mundial; Se revela la causa de muerte de Daveigh Chase, la actriz que interpretó a la niña de ‘El Aro'

En este episodio de Cancelled, conversamos con Alexander Sell, eurodiputado alemán de AfD, sobre el terremoto político que está viviendo Alemania y el futuro de Europa. Hablamos del auge de AfD, la inmigración, el colapso industrial alemán, el Pacto Verde, el euro, la burocracia de Bruselas y el euro digital. También analizamos la guerra de Ucrania, la dependencia militar de Estados Unidos, el papel de Rusia, Irán, Israel y el declive geopolítico europeo. ¿Está Europa despertando… o llegando demasiado tarde? ❌ X: https://x.com/wallstwolverine

Das Freihandelsabkommen mit den Mercosur-Staaten ist bereits unterzeichnet. Doch die innenpolitische Ausmarchung nimmt erst jetzt so richtig Fahrt auf. Kritik kommt einerseits vom Bauernverband und andererseits von Umweltorganisationen, Grünen und der SP. Während acht Jahren hat die Schweiz gemeinsam mit den weiteren Efta-Staaten ein Freihandelsabkommen mit den Mercosur-Staaten ausgehandelt. Im September letzten Jahres unterzeichnete der zuständige Bundesrat Guy Parmelin das Verhandlungsergebnis in Rio de Janeiro. Zum Mercosur gehören die südamerikanischen Länder Argentinien, Brasilien, Paraguay und Uruguay – ein Markt mit über 270 Millionen Menschen. Durch das Abkommen werden rund 96 Prozent der Schweizer Exporte in die Mercosur-Zone zollbefreit. Wie wichtig ist das Abkommen für die Schweizer Wirtschaft? Bauernverband droht mit Referendum Das Freihandelsabkommen ermöglicht umgekehrt auch den Mercosur-Staaten einfachere Exportbedingungen. So können sie grössere Mengen an Fleisch, Getreide oder Wein zu tieferen Zollsätzen in die Schweiz verkaufen. Dagegen regt sich Widerstand aus der Landwirtschaft. Die Bauern befürchten hohe Einbussen und fordern eine höhere Entschädigung. «Der Beschluss des Bundesrates ist derart provokativ, dass wir uns ganz klar Gedanken machen das Referendum betreffend», liess sich Bauernpräsident Markus Ritter zitieren. Muss die Schweizer Landwirtschaft höher entschädigt werden? Oder sind die Forderungen in der Höhe von über 800 Millionen Franken völlig überrissen? Kritik von Umweltorganisationen, Grünen und SP Auch aus linken Kreisen kommt Gegenwind. Sie fordern weitergehende Massnahmen in den Bereichen Umweltschutz und Menschenrechte. So soll die Schweiz etwa die Entwaldungsverordnung der EU übernehmen. Sind die im Abkommen bereits enthaltenen Nachhaltigkeitskapitel griffig? Oder droht eine unheilige Allianz aus Grünen und Bauern, das Freihandelsabkommen zum Absturz zu bringen? Zu diesen Fragen begrüsst Sandro Brotz am 12. Juni 2026 in der «Arena»: – Markus Ritter, Nationalrat Die Mitte/SG und Präsident Schweizer Bauernverband; – Meret Schneider, Nationalrätin Grüne/ZH; – Tiana Moser, Ständerätin GLP/ZH; und – Stefan Brupbacher, Direktor Swissmem.

Líbano: Muere otro casco azul en un nuevo ataque. El acuerdo con la Unión Europea abre nuevas oportunidades para MERCOSUR. El Alto Comisionado pide mayor protección para los defensores del medio ambiente. Los alimentos contaminados causan 1,5 millones de muertes al año.

Canadian ranchers are warning Ottawa not to sacrifice domestic beef producers in ongoing trade talks with Mercosur, the South American bloc including Brazil and Argentina. At the same time, Canadian consumers are facing stubbornly high grocery prices, especially at the meat counter, raising major questions about imports, food security, trade policy, and Canada's economic relationship with the United States ahead of a crucial CUSMA review. Tyler Fulton, president of the Canadian Cattle Association, joins from Manitoba in our feature interview (14:00) presented by Mercedes-Benz Edmonton West to talk about the future of Canada's beef industry, rising costs, trade tensions, and why producers say this moment could shape the industry for years to come. But first...Johnny's just hours removed from serving as music director for the FIFA World Cup '26 Lead-Up Friendly between Canada and Uzbekistan at Commonwealth Stadium. The fellas chat (1:45) about the upcoming World Cup and the growth of Canadian soccer.  THIS EPISODE IS PRESENTED BY HANSEN DISTILLERY. LOOK FOR HANSEN'S BRAND NEW "DISTILLED BY HER" GIN, WITH A PORTION OF PROCEEDS BENEFITING WIN HOUSE. VISIT https://hansendistillery.com/. MBEW: https://www.mercedes-benz-edmontonwest.ca/ CANADIAN CATTLE ASSN: https://www.cattle.ca/ TELL US WHAT YOU THINK: talk@ryanjespersen.com 45:30 | Is your family cutting back on eating meat for budget or other reasons? Will you eat lab-grown meat? Have you tried cricket flour? Do you drink milk on the regular? Real Talkers talk about the future of food in our Live Chat powered by Park Power.  AUG. 30/24 EPISODE on THE FUTURE OF FOOD: https://rtrj.info/083024FutureFood SAVE on INTERNET, ELECTRICITY, and NATURAL GAS: https://parkpower.ca/realtalk/ 1:25:10 | Jespo shares his thoughts on recent comments from Pierre Poilievre and Howard Anglin re: Alberta separation. What do you think?  1:38:30 | Real Talker Christine, a cancer survivor, has a beautiful message about an all-time Real Talk legend - Julie Rohr - in this edition of Positive Reflections presented by Solar by Kuby.  REGISTRATION IS OPEN FOR THE REAL TALK GOLF CLASSIC on JUNE 18 at THE RANCH: https://www.ryanjespersen.com/real-ta... REAL TALK'S LIVE STREAM IS PRESENTED BY CALIFORNIA CLOSETS. BOOK YOUR FREE CONSULTATION: https://californiaclosets.ca/ SIGN UP for YEGplus, CANADA'S FIRST AIRPORT REWARDS PROGRAM: https://yegplus.com/realtalk SAVE 10% on ONLINE MEN'S CLOTHING PURCHASES at THE HELM with promo code REALTALK: https://thehelmclothing.com/ SUPPORT INTEGRATED FIREFIGHTER-PARAMEDIC SERVICE IN ALBERTA: https://www.apffpa.ca/ GET A $50 CASINO BONUS FROM PLAY ALBERTA: https://try.playalberta.ca/lp/realtalk/ MUST BE 18+ TO PLAY. IF YOU GAMBLE, PLEASE USE YOUR GAMESENSE FOLLOW US ON TIKTOK, X, INSTAGRAM, and LINKEDIN: @realtalkrj & @ryanjespersen JOIN US ON FACEBOOK: @ryanjespersen REAL TALK MERCH: https://ryanjespersen.com/merch SHOPPING FOR LUXURY CASUAL WEAR OR A CUSTOM SUIT? SAVE 10% ONLINE WITH PROMO CODE REALTALK: https://thehelmclothing.com/ RECEIVE EXCLUSIVE PERKS - BECOME A REAL TALK PATRON: patreon.com/ryanjespersen THANK YOU FOR SUPPORTING OUR SPONSORS! https://ryanjespersen.com/sponsors The views and opinions expressed in this show are those of the host and guests and do not necessarily reflect the position of Relay Communications Group Inc. or any affiliates.

Plummeting foreign direct investment, rolling back gas subsidies, an IMF cash injection, an alarming study on childhood malnutrition, a controversial AI system, child support evaders barred from the World Cup, a ten-thousand-mile bicycle odyssey and much more.Thanks for tuning in!Let us know what you think and what we can improve on by emailing us at info@rorshok.com Like what you hear? Subscribe, share, and tell your buds.After two decades, Mercosur is finally looking beyond South America by Juan Marcos Polliohttps://buenosairesherald.com/politics/after-two-decades-mercosur-is-finally-looking-beyond-south-americaTHE DALLAS MORNING NEWS: Pedaling to Messi: Three friends bike from Argentina to U.S. for World Cup dreamhttps://www.dallasnews.com/sports/other-sports/article/argentina-fans-lionel-messi-2026-world-cup-22261169.phpCheck out our new t-shirts: https://rorshok.store/We want to get to know you! Please fill in this mini-survey: https://forms.gle/NV3h5jN13cRDp2r66Wanna avoid ads and help us financially? Follow the link: https://bit.ly/rorshok-donate

VOV1 - Sáng nay 28/5, Cục Xúc tiến thương mại, Bộ Công Thương tổ chức Hội thảo “Cơ hội và thách thức phát triển thị trường Nam Mỹ”. Nam Mỹ được đánh giá là một thị trường giàu tiềm năng với quy mô dân số lớn, nhu cầu tiêu dùng đa dạng, nguồn tài nguyên phong phú và xu hướng tăng cường hợp tác.Trong những năm gần đây, quan hệ thương mại giữa Việt Nam và khu vực Nam Mỹ có xu hướng tăng trưởng khá tích cực, dù quy mô vẫn còn khiêm tốn so với các thị trường lớn như: Hoa kỳ, EU hay Đông Bắc Á. Kim ngạch thương mại hai chiều giữa Việt Nam và các nước Nam Mỹ liên tục tăng trong những năm gần đây, dao động ở mức hàng chục tỷ đô la mỗi năm, với tốc độ tăng trưởng khá ổn định, nhờ nhu cầu tiêu dùng phục hồi và xu hướng đa dạng hóa thị trường xuất nhập khẩu hai nước. Các thị trường trọng điểm của Việt Nam tại Nam Mỹ có thể kể đến như Braxin, Argentina, Chile. Trong đó thì Braxin là đối tác thương mại lớn nhất của Việt Nam tại khu vực Nam Mỹ.  Về cơ cấu hàng hóa, Việt Nam xuất khẩu sang Nam Mỹ chủ yếu điện thoại và linh kiện, máy vi tính, điện tử, dệt may, giày dép, thủy sản, gạo cà phê, hàng tiêu dùng và vật liệu xây dựng. Việt Nam nhập khẩu từ Nam Mỹ chủ yếu là ngô, đậu tương, bông, thức ăn chăn nuôi, quặng và nguyên liệu phục vụ sản xuất công nghiệp. Bà Nguyễn Thị Thu Thuỷ- Phó Giám đốc Trung tâm Hỗ trợ xúc tiến thương mại và đầu tư- Cục Xúc tiến thương mại, Bộ Công Thương cho biết: “Nhiều quốc gia Nam Mỹ đang có nhu cầu cao đối với các mặt hàng thế mạnh của Việt Nam như nông sản, thực phẩm chế biến, dệt may, da dày, điện tử, vật liệu xây dựng và hàng tiêu dùng. Đồng thời đây cũng là khu vực mở ra nhiều cơ hội hợp tác về logistics, năng lượng công nghiệp chế biến và đầu tư song phương. Một động lực quan trọng thúc đẩy thương mại hai bên là các Hiệp định thương mại tự do thế hệ mới như: CPTPP, các cơ chế hợp tác giữa Việt Nam với khối Mercosur. Đặc biệt Chile và Peru đều là thành viên của CPTPP, giúp hàng hóa Việt Nam có lợi thế thuế quan đáng kể khi mà sang hai thị trường này”Bên cạnh các cơ hội, thương mại Việt Nam và Nam Mỹ vẫn còn tồn tại nhiều thách thức do vấn đề về khoảng cách địa lý xa khiến chi phí logistic, cũng như là thời gian để các doanh nghiệp Việt Nam đưa hàng hóa đến thị trường này khá xa và tốn kém, thiếu những tuyến vận tải trực tiếp. Sự khác biệt về ngôn ngữ, thị trường khu vực Nam Mỹ sử dụng tiếng Tây Ban Nha, tiếng Bồ Đào Nha, trong khi đó các doanh nghiệp Việt Nam bị hạn chế trong việc sử dụng ngôn ngữ này để giao tiếp. Ngoài ra, những quy định về tập tục thương mại, văn hóa kinh doanh khác cũng có khá nhiều khác biệt so với Việt Nam. Bên cạnh đó là các hệ thống tiêu chuẩn kỹ thuật kiểm dịch, thủ tục hải quan còn phức tạp và doanh nghiệp Việt Nam còn thiếu thông tin thị trường và mạng lưới phân phối tại khu vực. Ngoài ra, trong bối cảnh thương mại toàn cầu biến động, xu hướng bảo hộ thương mại và các yêu cầu về truy xuất nguồn gốc, phát triển bền vững cũng đang tạo áp lực lớn đối với các doanh nghiệp xuất khẩu của Việt Nam. Tuy nhiên, xét về tổng thể Nam Mỹ vẫn được đánh giá là một thị trường còn nhiều dư địa phát triển cho hàng hóa Việt Nam trong trung và dài hạn, nhất là trong bối cạnh Việt Nam đang thúc đẩy chiến lược đa dạng hóa thị trường xuất khẩu, giảm phụ thuộc vào một số thị trường truyền thống.Xuân Lan- VOV1.

Seven years. Brexit. Mercosur. A pandemic. A world where the rulebook keeps catching fire. As Director-General of DG Trade, Sabine Weyand was at the centre of it all — fierce, formidable, and reportedly terrifying when necessary. In this special episode, she reflects on what it took to keep EU trade policy from unravelling, what "the law of the jungle" really means for Europe, and what comes next. Spoiler: it involves Florence and considerably less chaos.

Mercosur más allá de las cifras económicas, es principalmente una organización de democracias. Por lo que al incluir a Venezuela, implicará reabrir al bloque regional a la influencia de regímenes autoritarios como el que lidera Delcy Rodríguez en 2026.En este episodio de Mirada Semanal, exploramos las tensiones democráticas dentro del bloque y el papel de Venezuela en un momento decisivo para la integración sudamericana. Para lo cual conversamos con Nicolás Simone, representante de Argentina en el Parlasur

Only two weeks after the EU/Mercosur trade agreement provisionally entered into force, Brazil, the biggest partner in the Mercosur bloc, has just been banned from exporting meat to the EU as of September because it uses antimicrobials to promote animal growth.What can we learn from this decision?Episode about the expected impact of the EU/Mercosur trade agreement : https://open.spotify.com/episode/5OEOW3cBHbokwNHdpB62g9?si=TLjQBIjgT6ODLItV1A_EagProduction: By Europod, in co-production with the Sphera network.Follow us on:LinkedInInstagram Hosted on Acast. See acast.com/privacy for more information.

After 14 years of socialist rule and a collapsed currency, Bolivia may provide an investment-free path to a Mercosur passport with regulated USDT custody and zero foreign-source tax. IMI contributor Edwin Hudepol covers what's changed under President Paz, what investor profile the country fits, and how the FATF grey-list and wealth-tax catches affect the country's outlook.Read Edwin Hudepol's full analysis here.Access a suite of powerful tools and the world's #1 private investor community as an IMI Sovereign. Use code SOV10 for 10% off your first month.

Europa fue diseñada para un mundo que ha dejado de existir. Ahora, el viejo continente está sumido en una crisis de identidad. O al menos ese parece ser el mantra de los países que tratan de desmantelar las bases del orden mundial.  ¿El mundo escucha a Europa del mismo modo que a Estados Unidos o China? ¿Qué necesita Europa para garantizar su supervivencia como bloque? Para dar respuesta a estas y otras cuestiones, charlamos sobre Defensa con dos miembros de la Comisión de Seguridad y Defensa: el vicepresidente del Parlamento, Javi López, de la Alianza Progresista de Socialistas y Demócratas; y Nicolás Pascual de la Parte, del Partido Popular Europeo. Charlamos sobre migración y derechos humanos con la eurodiputada y vicepresidenta de la comisión de Libertades Civiles, Justicia y Asuntos de Interior, Estrella Galán, del grupo de la Izquierda. Y terminamos repasando los retos de la Unión Europea en Comercio y Competitividad con la eurodiputada del PNV, del grupo Renew Europe, y la vicepresidenta de la delegación para las Relaciones con Mercosur, Oihane Agirregoitia Martínez.

El pacto comercial entre Mercosur y la Unión Europea ya está en vigor desde el pasado 1 de mayo. Pero este acuerdo ha nacido con una importante controversia: la decisión de activar la parte comercial sin la ratificación plena de todos los parlamentos nacionales europeos. Una cuestión que ha generado dudas y que deberá dirimir la justicia europea y que abre el debate sobre la seguridad jurídica de los socios latinoamericanos. Profundizamos en ello con nuestra analista política, la colaboradora externa, María Dolores Albiac.También abordamos la polémica entre Claudia Sheinbaum e Isabel Díaz Ayuso a cuenta de Hernán Cortés; de la investigación de EEUU contra el gobernador de Sinaloa y del encuentro de Trump y Lula en la casa Blanca.Además, nos adentraremos en “Nación Trans” un proyecto fotográfico de Antonio López Díaz, que explora la discriminación hacia mujeres trans e indígenas en América, en un reportaje de nuestra compañera Ángela Núñez.Escuchar audio

El acuerdo entre la Unión Europea y Mercosur representa un cambio relevante en el contexto económico internacional.Más allá del comercio, este tratado puede influir en cómo se distribuyen la producción, el empleo y el valor añadido entre ambas regiones.Europa accede a nuevos mercados y productos más competitivos, pero enfrenta el desafío de mantener su base industrial. Mercosur, por su parte, tiene la oportunidad de crecer y atraer inversión, aunque debe evitar consolidar un modelo excesivamente dependiente de materias primas.Se trata de un proceso progresivo cuyos efectos se desarrollarán a lo largo del tiempo y que puede redefinir el equilibrio económico global.

El acuerdo entre la Unión Europea y Mercosur representa un cambio relevante en el contexto económico internacional.Más allá del comercio, este tratado puede influir en cómo se distribuyen la producción, el empleo y el valor añadido entre ambas regiones.Europa accede a nuevos mercados y productos más competitivos, pero enfrenta el desafío de mantener su base industrial. Mercosur, por su parte, tiene la oportunidad de crecer y atraer inversión, aunque debe evitar consolidar un modelo excesivamente dependiente de materias primas.Se trata de un proceso progresivo cuyos efectos se desarrollarán a lo largo del tiempo y que puede redefinir el equilibrio económico global.

We break down the first Canadian-dollar-backed stablecoin, CADD, and what a loonie-pegged token could mean for crypto adoption and Canadian financial sovereignty. Then, Canada's cattle producers push back on a potential Mercosur trade deal they fear could flood the market with cheaper beef from Brazil and Argentina. Plus Ottawa's new tariff-relief support for manufacturers, Alberta's separatist petition for an independence referendum, and renewed conflict around shipping through the Strait of Hormuz.The Peak Daily is produced in partnership with reframevid.com

Donald Trump afirma no estar satisfecho con la última propuesta iraní que ha llegado a su mesa, como parte de ese intercambio de exigencias que Washington y Teherán están llevando a cabo desde hace unos días. El mandatario estadounidense recurre una y otra vez a la misma justificación: Irán no puede ni podrá tener un arma nuclear.Contaremos la última hora de los dos detenidos por Israel cuando formaban parte de una flotilla de ayuda humanitaria para Gaza. Día internacional del Trabajo que se celebra por todo el mundo, estaremos en Francia, Turquía y varios países latinoamericanos para saber cómo se está celebrando. Sabremos más sobre una conocida masacre en Corea del Sur a través de un reportaje de nuestro compañero Adrián Guerrero, estaremos en Ucrania, hablaremos del acuerdo del Mercosur que entra hoy en vigor de forma provisional o también de una nueva ley de vivienda que también comienza a aplicarse hoy en el Reino Unido.Escuchar audio

Este 1° de mayo entra en vigor el acuerdo comercial entre el Mercosur y la Unión Europea, tras más de dos décadas de negociación. En Uruguay el pacto abre expectativas en sectores clave como la carne, el arroz y los lácteos. Ignacio Bartesaghi, director del Instituto de Negocios Internacionales de la Universidad Católica (Montevideo) analizó para RFI los beneficios potenciales y los desafíos que plantea este acuerdo histórico para ese país. El acuerdo UE‑Mercosur eliminará o reducirá gradualmente los aranceles para la gran mayoría de los productos de ambos bloques: el 95% de los bienes del Mercosur y el 91% de la Unión Europea, en un plazo de entre 12 y 15 años. El sector automotriz queda fuera de este cronograma y tendrá un período de desgravación de hasta 30 años. En el caso específico de Uruguay, Ignacio Bartesaghi, director del Instituto de Negocios Internacionales de la Universidad Católica del Uruguay, señala que las exportaciones al bloque europeo están concentradas “en pocos productos, entre otros, la pasta de celulosa”, lo que explica que las oportunidades se focalicen en sectores muy concretos. “Uruguay tiene beneficios concretos en la carne, que es donde más paga aranceles para ingresar a la Unión Europea. También va a tener beneficios en el arroz, la miel, los productos de madera, los lácteos —en este último hay beneficios y competencias—, en los cítricos y en muchos otros alimentos procesados”, explicó el especialista. Los beneficios no se limitan a las exportaciones. Según Bartesaghi, también hay impactos del lado de las importaciones. “Para algunas de ellas van a bajar los aranceles, lo que permite que el consumidor se vea beneficiado. Y, por supuesto, no hay que descartar el potencial que estos acuerdos tienen en aspectos más dinámicos del comercio internacional, como la posibilidad de captar inversiones o de mejorar el entorno de negocios a partir del cumplimiento de las normas que impone la Unión Europea, de altos estándares, así como también el comercio de servicios”. La entrada en vigor del acuerdo de libre comercio entre los países del Mercosur —Uruguay, Argentina, Brasil y Paraguay— y los 27 Estados miembros de la Unión Europea coincide con el Día del Trabajo. Consultado sobre el impacto en el empleo, Bartesaghi señaló que las proyecciones para Uruguay son positivas. “Las estimaciones indican que el crecimiento del producto puede ser, una vez plenamente implementado el acuerdo, de casi dos puntos. Hay crecimiento del empleo e incluso una proyección de baja de la pobreza. Los estudios son favorables para todos los países del Mercosur. Algunos ganan más, otros ganan menos. Estas proyecciones son difíciles de cumplir al 100%, porque dependen de cómo implemente el acuerdo cada país y de qué haga en términos de política pública para potenciar sus beneficios. Un comercio internacional más libre ofrece más oportunidades a las empresas y a los operadores de negocios, y eso tiene, sin lugar a dudas, repercusiones en la generación de empleo, algo muy positivo en países que aún están en proceso de desarrollo”. El acuerdo de asociación, negociado durante más de 25 años y concluido en enero, entra en vigor de forma provisional. Su implementación definitiva todavía depende de que el Tribunal de Justicia de la Unión Europea determine su compatibilidad con la legislación vigente.

El programa aborda las tensiones internacionales, donde Donald Trump rechaza la propuesta de paz de Irán y anuncia un aumento del 25% en los aranceles a vehículos europeos, mientras España exige la liberación de un ciudadano hispanopalestino detenido por Israel. En el ámbito nacional, la manifestación del Primero de Mayo en Málaga se politiza en plena campaña andaluza, con el PSOE buscando revertir encuestas desfavorables y el caso Koldo/Ábalos resonando en el Tribunal Supremo. Económicamente, entra en vigor el acuerdo comercial con Mercosur, generando debate por las preocupaciones del sector agrícola. Además, se informa sobre la detención de un hombre en Francia por abusos a menores. Finalmente, se rinde homenaje a José Antonio Pardellas, creador de la icónica frase "una hora menos en Canarias", y se destaca la historia de Ángel Mateos, el futbolista de 70 años.

Debora Revoltella é Economista-Chefe do Banco Europeu de Investimento (BEI). Lidera a área de análise económica do banco, com foco em temas como investimento, produtividade, inovação e competitividade na Europa. Antes de integrar o BEI, trabalhou no Banco Central Europeu e na Comissão Europeia. _______________ Índice: EIB Investment Report RRF (PRR) Priority #1: deepen the Single Market IMF study FT article single market Goldplating regulations EU trade agreements with India and Mercosur (estimates of an increase of trade by 3%) The hidden developmental state in the US Lack of venture capital in the EU and the role of the EIB Bridge the late-stage funding gap: European Tech Champions Initiative (ETCI) Mobilizing private "dormant" savings Mobilizing investment from pension funds and insurance firms Venture debt. Industrial Policy — teaser 'Made in EU' proposals by the European Commission Differnet elements in the EIB toolkit: direct loans, risk sharing instruments (capital, guarantees) Role of EIB beyond loans / financing: spreading knowledge across industries Examples in Portugal. | Creating affordable housing and increasing efficiency in the construction sector See omnystudio.com/listener for privacy information.

Canada’s push to expand trade relationships is picking up speed, but not all deals are being met with equal enthusiasm—particularly when it comes to beef imports. Tyler Fulton, president of the Canadian Cattle Association (CCA), says that renewed negotiations between Canada and the Mercosur bloc, which includes Brazil, Argentina, and Uruguay, raises significant concerns for... Read More

Al via domenica la 58esima edizione di Vinitaly, che si concluderà il 15 aprile a Veronafiere. ANCHE QUEST'ANNO SAREMO OSPITATI NELLO STAND DI PASQUA VINI , PADIGLIONE 5 , STAND E4. La fiera si rafforza sotto tutti i punti di vista, dagli spazi dedicati all enoturismo a quelli per i distillati, passando dai No-Lo. Tutto dedicato in primis ai circa mille top buyer internazionali attesi da 70 Paesi (selezionati insieme a Ita-Italia Trade Agency), che vedono in testa Usa (a dimostrazione che al di là della turbativa dazi sul mercato, l interesse per i vini italiani resta alta) e Canada (che registra un exploit con una trentina di top buyer in più rispetto al 2025). È stato poi potenziato l'ingaggio della domanda asiatica guidata dalla Cina, ma con accrediti in crescita da India, Giappone, Thailandia, Vietnam. Tra le piazze più dinamiche dell America Latina ci sono Brasile (notizia positiva in ottica Mercosur) e Messico. In crescita anche l Africa, senza dimenticare la centralità dell Europa. L'offerta è invece rappresentata da circa 4mila aziende del Made in Italy enologico e un palinsesto di oltre cento eventi tra degustazioni, talk e focus. Tra le novità, cresce il progetto dedicato ai dealcolati e ai prodotti a basso grado alcolico, con NoLo - Vinitaly Experience : la start up in collaborazione con Unione Italiana Vini debutta con una nuova collocazione e un calendario strutturato di masterclass e focus di mercato. Vinitaly Tourism si consolida con un programma che copre tutti i giorni della fiera e rafforza il calendario di incontri b2b. Spazio poi alla ristorazione con concept mirati e famosi chef per celebrare le sinergie con la Cucina Italiana patrimonio culturale immateriale Unesco. L evoluzione riguarda anche i servizi e il digitale, con il potenziamento di Vinitaly Plus, con al centro il nuovo Buyers Club, la piattaforma di networking che da quest anno favorisce il business bidirezionale tra produttori e buyer, e l esordio di Bacco AI. Intanto molto produttori lamentano un caro energia che si scarica tra il 20 e il 30% sul costo del vetro per le bottiglie. E qualcuno inizia a lamentare milioni di merci bloccate nello stretto di Hormuz. Ne parliamo proprio con i produttori che sono passati a trovarci nei nostri studi: Marilisa Allegrini, Gruppo Marilisa Allegrini, Igor Boccardo, amministratore delegato di Leone Alato, Michele Noal, Presidente del Consorzio Tutela Asolo Montello, Andrea Conzonato, Amministratore delegato di Herita Marzotto Wine Estates Amazon sfida Starlink con l'acquisizione di GlobalstarAmazon ha annunciato l acquisizione di Globalstar per circa 11,57 miliardi di dollari, mettendo le mani su una costellazione di satelliti, licenze, infrastrutture a terra e contratti già attivi per rafforzare il progetto Kuiper e sfidare direttamente Starlink di Elon Musk nell orbita bassa terrestre. Globalstar è una società di telecomunicazioni satellitari che offre servizi voce, dati e localizzazione a clienti privati, aziende e governi, con una rete di satelliti in orbita bassa già operativa e focalizzata sulla connessione in aree con scarsa copertura. Dispone inoltre di diritti sullo spettro radio e di infrastrutture strategiche, oltre a essere partner di Apple per la funzione Emergency SOS via satellite su iPhone e Apple Watch, che continuerà anche dopo il passaggio di proprietà. L operazione accelera la traiettoria di Amazon nello spazio: il progetto Kuiper, che prevede il lancio di oltre 3.200 satelliti, potrà contare su capacità operativa già funzionante, riducendo il ritardo rispetto a Starlink, che oggi conta circa 10.000 satelliti in orbita e milioni di utenti nel mondo. La corsa alla banda larga via satellite si intensifica ulteriormente, confermandosi una delle principali sfide tecnologiche e industriali globali, soprattutto per la copertura delle aree più remote. Interviene Alessandro Plateroti, Direttore editoriale UCapital.com Un ecosistema geopolitico nuovo a trazione cineseMentre Washington si agita, Pechino costruisce. Senza clamore, senza dichiarazioni. Il ruolo del Pakistan nella mediazione è solo la superficie.Sotto, in modo neanche troppo discreto, si muove la regia cinese. Islamabad e Pechino sono iron brothers da oltre settant anni: un asse costruito su fiducia politica e convergenza strategica. Quando il quadro economico ha iniziato a deteriorarsi (energia instabile, crescita a rischio) la Cina ha attivato le sue leve. Pressioni su Teheran, ormai legata a doppio filo. Influenza sui Paesi del Golfo. E un segnale implicito a Washington, giocato sull interruttore più sensibile: le terre rare. Non serve alzare la voce quando controlli il circuito: basta spegnere la luce al momento giusto. Ne emerge un ecosistema geopolitico nuovo, fluido e inquietante. Cina, Russia, Iran, Corea del Nord costituiscono un nucleo centrale. Attorno, una rete variabile di attori che convergono su un obiettivo minimo: ridurre la centralità americana, testare i limiti occidentali, proteggere i corridoi energetici eurasiatici. Non è un alleanza formale. È una convergenza di interessi, ed è ancora più difficile da contrastare perché non ha bisogno di essere dichiarata ed è mutevole nella composizione. In questo contesto, gli Stati Uniti non perdono solo potenza. Perdono la cosa più preziosa: la reputazione. E senza reputazione, anche la forza militare e finanziaria diventa meno efficace. Perché il potere, prima ancora che esercitato, deve essere creduto. E oggi sempre meno attori sono disposti a farlo senza una risata trattenuta. La storia è del resto implacabile quando si parla di crisi energetiche. Il 1973 ha ridisegnato la distribuzione della ricchezza globale. Il 1990 ha consolidato l egemonia americana. Oggi la crisi di Hormuz rischia di segnare un passaggio ulteriore: non un crollo improvviso, ma un lento trasferimento di centralità. E allora la metafora del transatlantico torna, inevitabile. Non siamo davanti a un naufragio spettacolare, ma a una deriva progressiva. La nave resta imponente, continua a muoversi, mantiene la sua aura. Ma ha perso la rotta. La verità è che l impero americano non viene abbattuto dall esterno. Si consuma dall interno, tra scelte miopi e illusioni di controllo. Il commento è di Giuliano Noci, Professore ordinario in Ingegneria Economico-Gestionale presso il Politecnico di Milano

Vous aimez notre peau de caste ? Soutenez-nous ! https://www.lenouvelespritpublic.fr/abonnementUne émission de Philippe Meyer, enregistrée en public au ministère des Affaires étrangères le 20 mars 2026.Avec cette semaine :Jean-Louis Bourlanges, essayiste, ancien président de la Commission des Affaires étrangères de l'Assemblée nationale.Antoine Foucher, président de la société de conseil Quintet, spécialiste des questions sociales.Marc-Olivier Padis, directeur des études de la fondation Terra Nova.Lucile Schmid, présidente de La Fabrique écologique et membre du comité de rédaction de la revue Esprit.LA RELATION FRANCO-ALLEMANDELes relations franco-allemandes se sont tendues ces derniers mois autour de nombreux sujets. Fin décembre, c'était l'accord commercial avec le Mercosur. Puis l'utilisation des avoirs gelés russes a opposé les deux capitales : Friedrich Merz était en faveur de la confiscation des avoirs russes gelés en Europe – quelque 200 milliards d'euros – pour aider militairement l'Ukraine, plutôt que d'un emprunt européen appelé de ses vœux par le président français. Emmanuel Macron ne l'a pas suivi dans cette mesure qui impliquait de tordre le bras à la Belgique. Début février, dans un entretien avec la presse, le président français prônait une émission de dette européenne, des eurobonds, pour accélérer les investissements du Vieux Continent dans les technologies de rupture suscitant l'irritation des pays « frugaux », notamment l'Allemagne qui a pointé du doigt la nécessité pour l'Europe de mener des réformes structurelles et d'investir moins d'argent dans des secteurs comme l'agriculture.Autre pierre d'achoppement, en matière d'énergie, la France mise sur le nucléaire, tandis que l'Allemagne parie sur les renouvelables.En février, Berlin a reproché à la France, des efforts « insuffisants » en matière de dépenses de défense. Dans le même temps, Paris et Berlin n'arrivent pas à s'entendre sur le système aérien du futur (SCAF), sur fond de rivalités industrielles entre Dassault et Airbus. Le chancelier allemand a affirmé que son pays n'avait pas besoin du même avion que la France, laissant entendre que Paris et Berlin pourraient construire deux appareils différents, chacun de son côté.Longtemps, l'Allemagne a incarné les moyens économiques et la France, la volonté politique et militaire. Mais depuis, Friedrich Merz, comme il l'a redit en février lors de conférence de Munich sur la sécurité, a décrété « la fin des longues vacances loin de l'histoire du monde » après avoir lancé un grand programme d'investissement dans la défense. Le chancelier allemand a promis de faire de la Bundeswehr « la plus grande armée conventionnelle d'Europe ». Désormais les incompréhensions majeures portent aussi sur les questions de défense, au-delà même du blocage sur le SCAF. Tandis que Paris défend la voie d'une Europe souveraine et d'une « autonomie stratégique », le chancelier allemand, plus prudent, mise sur la complémentarité entre un renforcement de l'indépendance de l'Union européenne et une revitalisation des liens qui la rattachent aux Etats-Unis. L'Allemagne est aujourd'hui le pays le plus engagé dans le soutien à l'Ukraine au travers de l'Union européenne comme en bilatéral. Beaucoup moins vocale que la France, elle a donné à Kyiv l'an passé 10 milliards d'euros et la France 2 milliards.Ces crispations franco-allemandes récurrentes ont d'autant plus d'impact qu'elles interviennent dans un moment très tendu des relations internationales.EUROPE : QUELLE DOCTRINE MILITAIRE ? Le ton frontalement hostile adopté par Washington à l'égard de l'Union européenne en tant que projet politique impose une réévaluation stratégique profonde de la relation transatlantique. 2026 pourrait marquer l'entrée dans une décennie où les pays européens devront choisir entre résignation stratégique et construction active d'une souveraineté de défense crédible. L'un des piliers de la boussole stratégique — le document clef pour la stratégie de défense européenne adopté en 2022 — touche au renforcement des capacités de gestion de crises. À ce titre, l'Union a créé une « capacité de déploiement rapide », force européenne composée de 5.000 soldats pouvant être déployée pour les efforts de stabilisation, de sauvetage et d'évacuation, d'assistance humanitaire et de secours en cas de catastrophe, de maintien de la paix, de prévention des conflits et de renforcement des capacités. Opérationnelle depuis 2025, elle est contrôlée et commandée par la Capacité militaire de planification et de conduite de l'Union : elle constitue ainsi une véritable « force européenne ».L'année 2025 a vu plusieurs d'initiatives destinées à renforcer l'industrie de défense européenne : programme pour rationaliser l'acquisition conjointe et accélérer la montée en puissance de capacités critiques, programme destiné à financer la création d'une base industrielle européenne compétitive à long terme ... Difficilement mis en œuvre, ils se heurtent au dilemme stratégique entre préférence européenne et achat à des partenaires extra-européens puisant dans leurs stocks existants.Afin de renforcer et diversifier ses relations avec des pays tiers, l'Union a signé huit partenariats de sécurité et de défense en 2025 avec l'Ukraine, la Moldavie, la Géorgie, le Canada, le Royaume-Uni, le Japon et la Corée du Sud. La décision prise à l'été 2025 par les pays membres de l'OTAN de porter leurs dépenses militaires de 3,5 % à 5 % du PIB constitue une étape cruciale pour renforcer la défense européenne. En évoquant le 2 mars à l'Ile longue une évolution de la doctrine nucléaire vers une « dissuasion avancée » et un renforcement du dialogue stratégique avec les partenaires européens, Emmanuel Macron a ouvert la perspective d'une nouvelle architecture de sécurité pouvant conduire à structurer l'environnement stratégique européen autour de la dissuasion française.Mais, dans le domaine conventionnel, selon le Center for Strategic and International Studies, les stocks de munitions européens restent relativement limités. Le rythme de consommation observé dans la guerre en Ukraine a mis en évidence les difficultés de nombreux États européens à soutenir durablement un conflit de haute intensité. Cette fragilité constitue aujourd'hui l'un des principaux défis pour la sécurité européenne.Chaque semaine, Philippe Meyer anime une conversation d'analyse politique, argumentée et courtoise, sur des thèmes nationaux et internationaux liés à l'actualité. Pour en savoir plus : www.lenouvelespritpublic.frHébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

SHOW SCHEDULE 3-5-20161895 CARACASRussia Leverages Middle East Conflict to Pressure European Energy Markets Anatol Lieven analyzes how the Middle East conflict strengthens Russia's leverage over Europe while potentially causing internal Iranian anarchy and a massive refugee crisis. (1)Drone Strikes on Energy Infrastructure Threaten European Gas Supply Stability Lieven explores threats to European energy from strikes on the Baku pipeline and proposes sanctions relief to incentivize Russia toward a Ukrainian peace settlement. (2)Constitutional Debates Over Presidential Authority and the War Powers Act John Yu discusses the War Powers Resolution's history and argues that presidents possess inherent constitutional authority to use force abroad without prior congressional consent. (3)Judicial Limits and Political Checks on Presidential War-Making Power John Yu argues that elections, rather than courts or the War Powers Resolution, serve as the primary constitutional check on a president's use of force. (4)Cuba Faces Total Grid Failure Amid Severe National Oil Shortages Evan Ellis describes Cuba's widespread blackouts caused by aging infrastructure and lack of fuel, while the US facilitates humanitarian oil shipments to private entities. (5)Venezuelan Leadership Slow-Rolls Political Transition Despite Economic Openings Evan Ellis details how the Rodriguez administration benefits from eased oil sanctions and mining interests while maintaining repressive control and delaying meaningful democratic transitions. (6)Chinese Influence and Strategic Integration in the Caribbean and Peru Evan Ellis examines China's deep strategic presence in Caribbean infrastructure and the upcoming Peruvian elections, where conservative candidates currently lead in the polls. (7)Regional Security and Trade Shifts in Ecuador, Mercosur, and Argentina Evan Ellis reports on joint US-Ecuadorian military operations against narco-terrorists, the Mercosur-EU trade deal, and Javier Milei's ongoing economic and legal reforms in Argentina. (8)SEG 9 George Downing and the Puritan Vision Dennis Su introduces George Downing, a Harvard graduate who bridged the New England colonies and the English Civil War as a key Puritan figure. (1)SEG 10 Harvard Scholar Turned New Model Army Preacher After excelling at Harvard, Downing traveled to England, becoming a chaplain for Cromwell's New Model Army while exhibiting ruthless traits regarding Caribbean slavery. (2)SEG 11 Cromwell's Spy and the Edinburgh Intrigue Dennis Su explains how George Downing used intelligence and rhetoric to infiltrate the Scottish government, acting as a crucial spy for Oliver Cromwell in 1650. (3)SEG 12 Scoutmaster General and the Birth of Downing Street Downing rose to Scoutmaster General, overseeing Scotland's administration while building a massive fortune through seized properties and the trade of war prisoners. (4)SEG 13 Artificial Intelligence Joins the Battlefront in Iran Experts debate the ethical and strategic implications of using Claude AI for targeting and simulations in the Iran conflict, highlighting concerns over accountability and command. (5)SEG 14 The Fragile Alliance and European War Hesitation The panel discusses why European allies hesitate to join the US in Iran, citing domestic unrest and a significant technological gap between military forces. (6)SEG 15 Bill Casey and the Traitorous October Surprise Craig Unger describes how Bill Casey allegedly hijacked American foreign policy by negotiating with Iran to delay hostage releases, ensuring a Ronald Reagan electoral victory. (7)SEG 16 Uncovering Receipts of Treason in Tehran Unger details his 2014 trip to Tehran, where he obtained receipts and witness testimony regarding illegal arms deals that supported the 1980 October Surprise conspiracy. (8)

Regional Security and Trade Shifts in Ecuador, Mercosur, and Argentina Evan Ellis reports on joint US-Ecuadorian military operations against narco-terrorists, the Mercosur-EU trade deal, and Javier Milei's ongoing economic and legal reforms in Argentina. (8)1890 BUENOS AIRES

Lee connects the dots between the Jeffrey Epstein scandal, the collapse of the U.S. empire, and the rise of the modern surveillance state—and asks the question mainstream media won't touch. This episode dives deep into how power, wealth, and capitalism shape global politics, media narratives, and accountability, using sharp political satire and uncensored commentary to unpack the systems behind the headlines. If you're interested in independent journalism, political analysis, and hard-hitting comedy that challenges the status quo, this is the episode you don't want to miss.In this show, we break down why the Epstein story isn't just about one man or even a handful of elites — it's about the structures that allow exploitation, corruption, and impunity to thrive. Lee explores how billionaires, political figures, and institutions intersect with broader economic systems, arguing that the scandal reveals deeper truths about power in modern capitalism. Expect bold commentary, dark humor, and an unapologetically alternative perspective rarely found on corporate news outlets.PLUS: a look at how global trade deals, shifting alliances, and escalating tariffs could be accelerating the decline of U.S. dominance on the world stage. From Europe and India to Mercosur and Canada, we examine how international relationships are changing — and what that means for geopolitics, the global economy, and the future of American influence. Whether you follow current events, geopolitics, or anti-establishment analysis, this segment connects today's headlines into a larger global narrative.And finally, a deep dive into the dystopian surveillance culture promoted on a Super Bowl ad — from Ring cameras and mass data collection to the normalization of constant monitoring under the promise of safety and convenience. Is the future arriving faster than we think? Watch the full episode for political satire, investigative commentary, and stories the mainstream won't say out loud.

SEGMENT 12: MERCOSUR AGREEMENT FINALLY REACHED Guest: Professor Evan Ellis (US Army War College) Ellis reports good news as the Mercosur trade agreement concludes after 27 years of negotiations. The deal now faces court challenges while promising affordable food imports for Europe. EU farmers mount roadblock protests opposing competition from South American agriculture despite consumer benefits from the historic accord.1914 BRUSSELS

SHOW SCHEDULE 1-22-20251954 BRUSSELSSEGMENT 1: GREENLAND, NATO, AND TRUMP'S REVERSALS Guest: Anatol Lieven, Co-Host: Jim McTague Lieven examines Trump's shifting positions on Greenland and NATO, unsettling European allies who question American reliability. Discussion covers the proposed Board of Peace concept and how Trump's unpredictable rhetoric complicates alliance management, leaving partners uncertain whether commitments will hold or dissolve without warning.SEGMENT 2: GAZA AND TRUMP'S SELF-ENRICHMENT CONCERNS Guest: Anatol Lieven, Co-Host: Jim McTague Lieven analyzes Gaza ceasefire dynamics and raises questions about Trump administration officials potentially mixing policy with personal financial interests. Discussion examines how self-enrichment concerns shadow diplomatic initiatives and whether conflicts of interest undermine credibility in Middle East negotiations and broader foreign policy.SEGMENT 3: GEN Z JOB STRUGGLES AND THE TRADES REVIVAL Guest: Chris Riegel, Co-Host: Jim McTague Riegel explains how artificial intelligence eliminates entry-level white-collar positions, leaving Gen Z struggling to launch careers in traditional professions. Meanwhile, skilled trades offer prosperity since AI cannot replicate physical work. Young people working with their hands find better opportunities than peers pursuing displaced office jobs.SEGMENT 4: MAGA EMBRACES BIG GOVERNMENT LIKE NEW DEALERS Guest: Veronique de Rugy De Rugy argues MAGA policies mirror New Deal-era big government activism through state industrial policy and massive spending programs. Traditional Republican principles of limited government appear obsolete or abandoned, with the RINO label now applied to anyone advocating fiscal restraint or free market economics.SEGMENT 5: PREPARING FOR IRAN BOMBING CAMPAIGN Guest: General Blaine Holt (USAF, Ret.) Holt describes military preparations for potential strikes against Iran, including warplane and warship deployments. The KC-135 tanker buildup signals offensive capability, providing aerial refueling that enables sustained bombing campaigns. This logistics infrastructure converts fuel into striking power against Tehran's nuclear and military installations.SEGMENT 6: ESCALATION TOWARD IRANIAN LEADERSHIP Guest: General Blaine Holt (USAF, Ret.) Holt outlines concentric circles of escalation targeting Iranian leadership if conflict erupts. Discussion covers strike planning that moves progressively toward regime centers of power. China's evacuation planes positioning near Iran suggest Beijing anticipates potential conflict and prepares to extract its nationals from the region.SEGMENT 7: MODI'S TIMID REFORM AGENDA Guest: Sadanand Dhume (Wall Street Journal) Dhume assesses Prime Minister Modi as a timid reformer constrained by political realities and socialist-era institutions. India's growth potential remains unrealized as legacy regulations protect inefficient industries. Modi raised some thresholds but fundamental transformation of labor laws and state enterprises remains politically impossible.SEGMENT 8: VENEZUELA'S UNFINISHED TRANSITION Guest: Mary Anastasia O'Grady (Wall Street Journal) O'Grady reports Venezuela's democratic transition stalled with the same regime intact. Interior Minister Diosdado Cabello and Delcy Rodriguez control state security gunmen and prisons. No real handover to President-elect Edmundo Gonzalez has occurred, leaving the authoritarian apparatus firmly in power despite American pressure.SEGMENT 9: COSTA RICA ELECTION AND PANAMA CANAL TENSIONS Guest: Professor Evan Ellis (US Army War College) Ellis examines Costa Rica's upcoming election amid concerns over giant prison construction projects. Discussion turns to unresolved Panama Canal disputes where Chinese interference continues challenging American interests. Regional dynamics shift as nations balance between Washington's demands and Beijing's economic inducements throughout Central America.SEGMENT 10: PERU AND CHINESE INFLUENCE Guest: Professor Evan Ellis (US Army War College) Ellis analyzes China's growing investment and influence in Peru while the US offers military partnership as counterweight. Discussion covers political turmoil in Lima, economic promise from mineral wealth, and the competition between great powers for access to South American resources and strategic positioning.SEGMENT 11: TRUMP SEEKS CUBAN REGIME CHANGE Guest: Professor Evan Ellis (US Army War College) Ellis examines the Trump administration's push for regime change in Havana. Dictator Díaz-Canel faces collapsing conditions with no oil, no power, and a broken economy driving mass emigration. The Obama administration's engagement offered false hope; now Washington applies maximum pressure on the desperate regime.SEGMENT 12: MERCOSUR AGREEMENT FINALLY REACHED Guest: Professor Evan Ellis (US Army War College) Ellis reports good news as the Mercosur trade agreement concludes after 27 years of negotiations. The deal now faces court challenges while promising affordable food imports for Europe. EU farmers mount roadblock protests opposing competition from South American agriculture despite consumer benefits from the historic accord.SEGMENT 13: AL QAEDA IN DAMASCUS GOVERNMENT Guest: Bill Roggio and Ahmed Sharawi (FDD)Roggio and Sharawi examine Al Qaeda presence within Syria's new government under clever, effective President al-Sharaa. US forces struck an Al Qaeda commander responsible for killing Iowa National Guard soldiers, but ISIS elements remain unaddressed. The jihadi connections within Damascus leadership raise serious counterterrorism concerns.SEGMENT 14: SYRIAN NATIONAL ARMY DRIVES OUT KURDISH ALLIES Guest: Bill Roggio and Ahmed Sharawi (FDD) Roggio and Sharawi report the Syrian National Army increasingly resembles Al Qaeda while attacking Kurdish forces who remain US allies. The Kurds retreat under pressure from Turkish-backed militias with extremist ties. American partners face abandonment as Washington's attention focuses elsewhere in the chaotic Syrian landscape.SEGMENT 15: MUSK, CARLSON, AND VANCE DIVERGE FROM REPUBLICAN ORTHODOXY Guest: Peter Berkowitz Berkowitz discusses Michael Doran's Tablet article examining three Trump celebrities—Elon Musk, Tucker Carlson, and Vice President J.D. Vance—whose views diverge from traditional Republican policies. Musk favors government subsidies and China partnership, Carlson platforms hate speakers, and Vance promotes isolationism over American global leadership.SEGMENT 16: ABANDONING SMALL GOVERNMENT AND FREE TRADE Guest: Peter Berkowitz Berkowitz argues neither Musk, Carlson, nor Vance champions traditional conservative principles of small government, free trade, and private enterprise without government interference. The Republican Party's philosophical foundation erodes as prominent voices embrace statism, protectionism, and industrial policy once associated with the political left.

LdN462 Trump will Grönland - und bekommt kalte Füße, Kanadas Premier weist den Weg, EU-Parlament bremst Mercosur-Abkommen, Wie kann Europa die neue Weltordnung überleben?, Lage sucht Sales-Profi, Kritik an E-Auto-Prämie, Kennzeichen-E: Der Podcast für elektrische Mobilität, Lagebilder sind zurück, Feedback: Digitale Souveränität

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe world is continually paying the [CB]s more and more of their hard earned labor. In Germany the people are taxed 42%, almost half of their income. Fed inflation indicator reports no inflation, Truinflation reports inflation is at 1.2%.BoA and Citibank are in talks to offer 10% credit card. Trump says US will the crypto capital of the world. Globalism/[CB] system has failed, the power will return to the people. The patriots are sending a message, DOJ 2.0 is not like DOJ 1.0, same with the FBI, you commit a crime you will be arrested. The message is clear, the protection from these agencies are gone. Bondi arrest the Church rioters. Trump’s message at DAVOS is clear, the [DS] power and agenda is no more. Trump is now in control and the world will begin to move in a different direction, either you are on board or you will be left behind. The power belongs to the people.   Economy https://twitter.com/WallStreetMav/status/2014289396112011443?s=20 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Fed’s Favorite Inflation Indicator Refuses To Show Any Signs Of Runaway ‘Trump Tariff’ Costs The Fed’s favorite inflation indicator – Core PCE – rose 0.2% MoM (as expected), which leave it up 2.8% YoY (as expected), slightly lower than September’s +2.9%…   Bear in mind that this morning’s third look at Q3 GDP printed a +2.9% YoY for Core PCE. Under the hood, the biggest driver of Core PCE remains Services costs – not tariff-driven Goods prices…   In fact, on a MoM basis, Non-durable goods prices saw deflation for the second month in a row…   Source: zerohedge.com https://twitter.com/truflation/status/2014322072286302619?s=20 – Food – mostly Eggs – Household durables – particularly housekeeping supplies – Alcohol & tobacco – mostly alcoholic beverages Our number is derived by aggregating millions of real-time price data points every day to calculate a year-over-year CPI % rate. It is comparable but not identical to the survey-based official headline inflation released monthly by the BLS, which was 2.7% for December. Bank Of America, Citigroup May Launch Credit Cards With 10% Rate Two weeks after Trump shocked the world by demanding lenders cap credit card interest rates at 10% for one year, Bank of America and Citigroup are exploring options to do just that in an attempt to placate the president.  Bloomberg reports that both banks are mulling offering cards with a 10% rate cap as one potential solution.  Earlier this week, Trump said he would ask Congress to implement the proposal, giving the financial firms more clarity about what exact path he's pursuing. Bank executives have repeatedly decried the uniform cap, saying it'll cause lenders to have to pull credit lines for consumers.  Source: zerohedge.com Trump sues JPMorgan Chase and CEO Jamie Dimon for $5B over alleged ‘political’ debanking The lawsuit claims JPMorgan’s decision ‘came about as a result of political and social motivations’ to ‘distance itself’ Trump and his ‘conservative political views’  President Donald Trump is suing JPMorgan Chase and its CEO Jamie Dimon in a $5 billion lawsuit filed Thursday, accusing the financial institution of debanking him for political reasons. The president's attorney, Alejandro Brito, filed the lawsuit Thursday morning in Florida state court in Miami on behalf of the president and several of his hospitality companies.  “ Source: foxnews.com https://twitter.com/RapidResponse47/status/2013984082640658888?s=20  WEF Finance/Banking Panel – If Independent National Economies Continue Rising, Global Trade Drops and We Lose Control Globalism in its economic construct is a series of dependencies. If those dependencies are severed, if each country has the ability to feed, produce and innovate independently, then the entire dependency model around globalism collapses. Within the globalism model that was historically created there was a group of people, western nations, banks, finance and various government leaders, who controlled the organization and rules of the trade dependencies.  The action being taken for self-sufficiency, in combination with the approach promoted by President Trump that each nation state should generate their own needs, then the rules-based order that has existed for global trade will collapse. If nations are no longer dependent, they become sovereign – able to exist without the need for support from other nations and systems. If nations are indeed sovereign, then globalism is no longer needed and a threat of the unknown rises. How will nations engage with each other if there is no governing body of western elites to make the rules for engagement?  The need for control is a reaction to fear, and it is the fear of self-reliance that permeates the elitist class within the control structures.   If each nation of the world is operating according to its individual best interests, the position of Donald Trump, then what happens to the governing elite who set up the system of interdependencies. This is the core of their fear. If each nation can suddenly grow tea, what happens to the East India Tea Company.  Who then sets the price for the tea, and worse still an entire distribution system (ships, ports, exchanges, banks, etc.) becomes functionally obsolescent. Source: theconservativetreehouse.com  Political/Rights TWO-TIERED JUSTICE: Conservative Journalist Kaitlin Bennett Charged and Fined for Interviewing Democrats in Public — While Don Lemon Storms Churches With Zero Consequences The United States now operates under a blatantly two-tiered justice system, where conservative journalists are criminally charged for speech in public spaces, while left-wing media figures face zero consequences for harassing Americans and disrupting religious services. Conservative journalist Kaitlin Bennett revealed this week that she was charged with a federal crime and fined by the National Park Service in St. Augustine for the so-called offense of asking Democrats questions on public property. According to Bennett, federal agents targeted her while she was conducting on-the-street interviews, a form of journalism protected by the First Amendment. Despite being on public land, Bennett says she was cited and punished simply for engaging in political speech that the Left finds inconvenient. Bennett addressed the incident directly in a post on X, writing: https://twitter.com/KaitMarieox/status/2014174254799958148?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2014174254799958148%7Ctwgr%5Ef4a6650cd0c60d38edfea018c5665c2cc2fe5199%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2026%2F01%2Ftwo-tier-justice-conservative-journalist-kaitlin-bennett-charged%2F When asked by another local journalist exactly what “lawful order” Bennett had disobeyed, the ranger reportedly could not provide a straight answer. WATCH: Source: thegatewaypundit.com https://twitter.com/DHSgov/status/2014322865848406370?s=20   Alexander Conejo Arias, fled on foot—abandoning his child. For the child's safety, one of our ICE officers remained with the child while the other officers apprehended Conejo Arias.   Parents are asked if they want to be removed with their children, or ICE will place the children with a safe person the parent designates. This is consistent with past administration's immigration enforcement. Parents can take control of their departure and receive a free flight and $2,600 with the CBP Home app. By using the CBP Home app illegal aliens reserve the chance to come back the right legal way. https://twitter.com/DHSgov/status/2014049440911303019?s=20   inflicting corporal injury on a spouse or cohabitant. An immigration judge issued him a final order of removal in 2019. In a dangerous attempt to evade arrest, this criminal illegal alien weaponized his vehicle and rammed law enforcement. Fearing for his life and safety, an agent fired defensive shots. The criminal illegal alien was not hit and attempted to flee on foot. He was successfully apprehended by law enforcement. The illegal alien was not injured, but a CBP officer was injured.  These dangerous attempts to evade arrest have surged since sanctuary politicians, including Governor Newsom, have encouraged illegal aliens to evade arrest and provided guides advising illegal aliens how to recognize ICE, block entry, and defy arrest. Our officers are now facing a 3,200% increase in vehicle attacks. This situation is evolving, and more information is forthcoming.   https://twitter.com/nicksortor/status/2014063905413177637?s=20  CNN Panelist Issues Retraction and Apology After Going Too Far in On-Air Trump Attack    footage of CNN's “Newsnight with Abby Phillip” was posted to social media platform X featuring 25-year-old leftist activist Cameron Kasky alongside panel mainstay Scott Jennings. A moment between the two went viral when Kasky casually declared that President Donald Trump had been involved in an international sex trafficking ring. Jennings wasn't going to let that remark go unchallenged by host John Berman. The topic of conversation had been Trump's interest in Greenland and the Nobel Peace Prize, but Kasky threw in a jab at Trump with an allusion to the president's relationship with the late sex offender Jeffrey Epstein — an allusion Kasky's now trying to walk back. “I would love it if he was more transparent about the human sex trafficking network that he was a part of, but you can't win 'em all,” he blurted out. https://twitter.com/overton_news/status/2013455047288377517?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2013455047288377517%7Ctwgr%5E20edbbd712c7076d1aafdac2d1e39d7eb8307263%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2026%2F01%2Fcnn-panelist-issues-retraction-apology-going-far-air%2F   Berman asked Jennings a follow-up question about Greenland, but instead of addressing that, Jennings circled back to Kasky's remark. “You're gonna let that sit?” Jennings asked Berman. “Are we going to claim here on CNN that the president is part of a global sex trafficking ring or …?” After assuring Jennings that he would do the fact-checking, Berman asked Kasky to repeat what he'd said about the global sex-trafficking ring. “That Donald Trump was … probably … very involved with it,” the arrogant young man replied, with perhaps a touch less confidence. To Berman's credit, and the CNN legal team's, he immediately said, “Donald Trump has never been charged with any crimes in relation to Jeffrey Epstein.” https://twitter.com/camkasky/status/2013760245298864477?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2013760245298864477%7Ctwgr%5E20edbbd712c7076d1aafdac2d1e39d7eb8307263%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2026%2F01%2Fcnn-panelist-issues-retraction-apology-going-far-air%2F Source: thegatewaypundit.com https://twitter.com/ElectionWiz/status/2014189561002291385?s=20 DOGE Geopolitical https://twitter.com/brentdsadler/status/2014311942119137584?s=20  important as these agreements cover the entirety of the Chagos group of islands/features. Critical as future third party presence in those areas proximate Diego Garcia could in practical terms render those U.S. military facilities operationally impractical (ie useless). The current deal under consideration in the UK parliament in a rushed vote as soon as 2 February is ill advised. And it likely would break the decades long understanding with the U.S. government. See: Active U.S. treaties: https://state.gov/wp-content/uploads/2025/08/Treaties-in-Force-2025-FINAL.pdf 1966 Foundational Understanding: https://treaties.un.org/doc/Publication/UNTS/Volume%20603/volume-603-I-8737-English.pdf 1972 Understanding regarding new facilities on Diego Garcia: https://treaties.un.org/doc/Publication/UNTS/Volume%20866/volume-866-I-8737-English.pdf 1976 Understanding and concurrence on new communications facilities on Diego Garcia and references as foundational the 1966 Understanding: https://treaties.fcdo.gov.uk/data/Library2/pdf/1976-TS0019.pdf?utm_source https://twitter.com/HansMahncke/status/2014150131247874267?s=20 The EU-Mercosur deal is a major free trade agreement between the European Union and the Mercosur bloc (Argentina, Brazil, Paraguay, and Uruguay). Negotiated for over 25 years, it aims to create one of the world’s largest free trade zones, covering more than 700 million people and reducing tariffs on goods like cars, machinery, pharmaceuticals, and agricultural products.  It includes commitments on sustainability, labor rights, and environmental protections, but critics argue these are insufficient to address issues like Amazon deforestation and unfair competition for European farmers. The agreement was politically finalized in 2019 but faced delays due to environmental concerns and opposition from countries like France and Austria. It was formally signed on January 17, 2026, after EU member states (with a qualified majority, despite opposition from five countries including France) greenlit it on January 9.  The Stupidity of Davos Explained Using an Example of Their Own Creation China is manufacturing a product to create a carbon credit certificate in response to the demand for carbon credits from all the world auto-makers.  Any nation that has a penalty or fine attached to their climate goals is a customer. Those are nations with fines or quotas associated with the production of gasoline powered engines if the auto company doesn't hit the legislated target for sales of electric vehicles. In essence, EU/AU/CA/RU/ASEAN car companies buy Chinese car company carbon credits, to avoid the EU/AU/CA/RU/ASEAN fines.  The Chinese then use the carbon credit revenue to subsidize even lower priced Chinese EVs to the EU/AU/CA/RU/ASEAN car markets, thereby undercutting the EU/AU/CA/RU/ASEAN car companies that also produce EVs. China brilliantly exploits the ridiculous pontificating climate scam and has an interest in perpetuating -even emphasizing- the need for the EU/AU/RU/ASEAN countries to keep pushing their climate agenda.  China even goes so far as to fund alarmism research about climate change because they are making money selling carbon credit certificates on the back end of the scam to the western fear mongers.  This is friggin' brilliant.   The climate change alarmists are helping China's economy by pushing ever escalating fear of climate change.  You just cannot make this stuff up. What does the outcome look like? Well, in this example we see hundreds of thousands of unsold BYDs piling up in countries that emphasize climate regulations with no restrictions on the import of EVs (which most don't even manufacture), which is almost every country.  Big Panda doesn't care about the car itself; they care about generating the carbon credit certificate to sell in the various carbon exchanges. Put this context to the recent announcement by Canadian Prime Minister Mark Carney about his new trade deal with China to accept 49,000 EVs this year. Prime Minister Carney bragged about getting the Chinese to agree to only super low prices for the Canadian market.  Mark Carney was very proud of his accomplishment to get much lower priced vehicles for Canadian EV purchasers.   No doubt Big Panda left the room laughing as soon as Carney made his grand announcement. 1. China sells EV's in Canada, creating credits available on the carbon exchange scheme. Europe et al will purchase the carbon credits because Bussels has fines against EU car companies. 2. With a foothold already established in Europe, China will then take the money generated by the carbon credit purchases and lower the prices of the Chinese EV cars sold in Canada. It's gets funnier. 3. Carney bragged about forcing China to only sell low price EV's as part of the trade agreement. The low price of the EV's in Canada will be subsidized by Europe. China doesn't pay or lose a dime. But wait…. 4. Carney can't do anything about the scheme he has just enmeshed Canada into, because Canada has a Carbon Credit exchange in law.

SEGMENT 13: MERCOSUR DEAL UNPOPULAR AFTER 27 YEARS Guest: Simon Constable Constable reports from the Pyrenees foothills on European discontent with the Mercosur trade agreement finally concluded after 27 years of negotiations. Discussion covers farmer protests, industrial concerns, and widespread opposition across EU nations skeptical that this long-delayed deal serves their economic interests.1940 AUSTRALIA

SHOW SCHEDULE 1-21-20251928 MOSCOWSEGMENT 1: RUSSIA'S FAILING ECONOMY Guest: Michael Bernstam Bernstam analyzes the deteriorating state of Russia's economy under the weight of sanctions and war expenditures. Discussion examines inflation, labor shortages, industrial decline, and how long the Kremlin can sustain its military campaign in Ukraine as economic pressures mount and Western restrictions continue to squeeze Russian financial resources.SEGMENT 2: PERSECUTION OF CHRISTIANS IN EGYPT Guest: Mariam Wahba Wahba reports on the ongoing persecution of Coptic Christians in Egypt, detailing discrimination, violence, and legal challenges facing the ancient community. Discussion covers recent incidents, government responses, the struggle for religious freedom, and what international pressure might do to improve conditions for Egypt's vulnerable Christian minority.SEGMENT 3: SPACE ENGINEERING AND BOOSTER TECHNOLOGY Guest: Bob Zimmerman Zimmerman discusses latest developments in space engineering, focusing on booster rocket technology and satellite deployment advances. Discussion covers SpaceX achievements, competing launch providers, the evolution of reusable rocket systems, and how private industry continues pushing boundaries in making space access more frequent and affordable.SEGMENT 4: MARS AVALANCHE AND SPACE EXPLORATION Guest: Bob Zimmerman Zimmerman examines stunning imagery of a Martian avalanche captured by orbiting spacecraft. Discussion explores what these geological events reveal about Mars surface dynamics, ongoing robotic exploration missions, scientific discoveries from current probes, and how such observations inform planning for eventual human missions to the red planet.SEGMENT 5: CANADA-CHINA TRADE RELATIONS Guest: Charles Burton Burton examines Canada's complex trade relationship with China amid growing geopolitical tensions. Discussion covers economic dependencies, security concerns over Chinese investment, and how Ottawa balances commercial interests against pressure from Washington to reduce reliance on Beijing for critical goods and strategic resources.SEGMENT 6: CANADA SUBSTITUTING CHINA FOR US TRADE Guest: Charles Burton Burton continues analysis of Canadian trade strategy, questioning whether Ottawa might pivot toward China as alternative to American markets under Trump tariff threats. Discussion weighs the risks of such realignment, political obstacles, security implications, and whether Canada can truly diversify away from its dominant southern neighbor.SEGMENT 7: CHAGOS ISLANDS GIVEAWAY TO CHINESE INFLUENCE Guest: Jim Fanell Fanell criticizes the decision to transfer Chagos Islands sovereignty, warning it opens doors to Chinese influence near the strategic Diego Garcia base. Discussion examines the geopolitical folly of this handover, implications for Indian Ocean security, and how Beijing exploits Western diplomatic missteps to expand its global footprint.SEGMENT 8: NEW NAVY CARRIER WARPLANE EXTENDS RANGE Guest: Jim Fanell Fanell discusses the Navy's next-generation carrier-based aircraft designed to extend strike range against adversaries. Discussion covers the strategic necessity of longer-range platforms to counter Chinese anti-access capabilities, development challenges, how this aircraft fits into Pacific defense strategy, and implications for future carrier operations.SEGMENT 9: OCEANIA DEFENSE AND CHINA THREAT Guest: Cleo Paskal Paskal reports from the Honolulu defense forum on Pacific island security concerns. Discussion examines China's aggressive expansion into Oceania through infrastructure deals and political influence, the strategic importance of these island nations, and American efforts to counter Beijing's growing presence across the vast Pacific region.SEGMENT 10: PALAU NEEDS HELP AGAINST CHINA CRIME GANGS Guest: Cleo Paskal Paskal highlights Palau's struggle against Chinese criminal organizations infiltrating the small Pacific nation. Discussion covers illegal activities, money laundering, and how Beijing uses organized crime as soft power tool. Palau seeks American assistance to combat these threats while maintaining its democratic independence against Chinese pressure.SEGMENT 11: SCOTTISH ENLIGHTENMENT AND NORTH AMERICAN UNITY Guest: Arthur HermanHerman traces intellectual roots of Canadian-American cooperation to the Scottish Enlightenment's shared influence on both nations. Discussion explores how common philosophical heritage shaped institutions and values, proposing this foundation supports a modern economic condominium uniting the two countries against current global challenges and trade uncertainties.SEGMENT 12: ENERGY, MINERALS, AND KNOWLEDGE ECONOMY PARTNERSHIP Guest: Arthur Herman Herman outlines his vision for a US-Canada economic condominium built on energy resources, critical minerals, and knowledge industries. Discussion details how combining Canadian natural wealth with American technology and markets creates mutual prosperity, strengthens continental security, and counters dependence on hostile foreign suppliers like China.SEGMENT 13: MERCOSUR DEAL UNPOPULAR AFTER 27 YEARS Guest: Simon Constable Constable reports from the Pyrenees foothills on European discontent with the Mercosur trade agreement finally concluded after 27 years of negotiations. Discussion covers farmer protests, industrial concerns, and widespread opposition across EU nations skeptical that this long-delayed deal serves their economic interests.SEGMENT 14: PM STARMER'S HISTORIC UNPOPULARITY Guest: Simon Constable Constable examines Keir Starmer's remarkable collapse in public approval, making him Britain's most unpopular prime minister in modern polling. Discussion analyzes policy missteps, economic challenges, public disillusionment with Labour's performance, and whether Starmer can recover from such dismal ratings this early in his government's tenure.SEGMENT 15: TRADE WITH CHINA REMAINS UNWISE Guest: Alan Tonelson Tonelson argues continued American trade dependence on China remains strategically foolish despite political rhetoric about decoupling. Discussion examines persistent vulnerabilities in supply chains, Beijing's economic leverage, the gap between tough talk and actual policy changes, and what genuine trade realignment would require from Washington.SEGMENT 16: 2025 BOOSTER LAUNCHES AND 2026 PROSPECTS Guest: Doug Messier Messier previews the ambitious global launch schedule for 2025 and beyond, with multiple nations expanding space capabilities. Discussion covers SpaceX dominance, emerging competitors from China, Europe, and commercial startups, technological advances in reusable systems, and how 2026 promises even more dramatic growth in worldwide launch activity.

Trade Integration and Security Concerns in Mercosur and Costa Rica. Guest: PROFESSOR EVAN ELLIS, U.S. Army War College. Mercosur has achieved a historic trade deal with the European Union, potentially offsetting U.S.economic pressure and deepening ties with China. In Costa Rica, rising public insecurity has led the government to consider El Salvador's "mega-prison" model as they head into elections dominated by concerns over organized crime.1910

SHOW SCHEDULE1-15-25`1923 GREENLAND Rival Factions Contending for Power in Post-Maduro Venezuela. Guest: PROFESSOR EVAN ELLIS, U.S. Army War College. Following Maduro's detention, four major crime families are competing for authority in Caracas, including the Rodriguez siblings and military leadership. While Delcy Rodriguez shows cautious cooperation with the U.S. regarding oil and prisoners, the country remains unstable as criminal interests and political repression continue to stifle progress. Cuba's Collapse Amidst U.S. Oil Blockade and Economic Ruin. Guest: PROFESSOR EVAN ELLIS, U.S. Army War College. The Trump administration has halted oil shipments to Cuba, exacerbating a crisis where the electrical grid is failing and life is becoming "impossible." Despite minimal aid from Mexico, the repressive communist apparatus remains ingrained, and the regime is expected to muddle through despite massive out-migration. Regional Tensions: U.S. Pressure on Mexico and South American Shifts. Guest: PROFESSOR EVAN ELLIS, U.S. Army War College. The U.S. is pushing Mexico for joint military operations against cartels, forcing President Sheinbaum into a "delicate dance" to protect sovereignty. Meanwhile, Brazil's Lula balances leftist ties against a conservative military, and Colombia shows a potential shift to the right as Petro's policies face significant discredit. Trade Integration and Security Concerns in Mercosur and Costa Rica. Guest: PROFESSOR EVAN ELLIS, U.S. Army War College. Mercosur has achieved a historic trade deal with the European Union, potentially offsetting U.S. economic pressure and deepening ties with China. In Costa Rica, rising public insecurity has led the government to consider El Salvador's "mega-prison" model as they head into elections dominated by concerns over organized crime. The Risks of Seizing Russia's Shadow Fleet at Sea. Guest: ANATOL LIEVEN, Quincy Institute for Responsible Statecraft. The U.S. seizure of Russian-owned "shadow fleet" tankers raises the risk of a direct military clash if European nations follow suit. Russia views a maritime blockade as an act of war. Hardliners in the Kremlin may seek to escalate to terrify the West into withdrawing support from Ukraine. Russia's Role as a Stabilizing Factor in Middle East Tensions. Guest: ANATOL LIEVEN, Quincy Institute for Responsible Statecraft. Russia has reportedly arbitrated between Jerusalem and Tehran to prevent preemptive strikes and maintain stability in Eurasia. While Russia lacks the power to defend Iran from a U.S. attack, it seeks to avoid regional instability. Russia's diplomatic approach contrasts with perceived universal aggression from other global actors. Economic Realities: Chinese Struggles and U.S. Consumer Strength. Guest: CHRIS RIEGEL, CEO of Stratacache. China's economy is struggling, evidenced by declining imports of raw materials and factory workers facing destitution. In contrast, the U.S. economy remains strong, with banner retail sales during the Christmasseason. However, the "K-shaped" economy shows consumer fatigue in the quick-service restaurant sector. Strategies for a Democratic Transition in Venezuela and Cuba. Guest: CLIFF MAY, Foundation for Defense of Democracies. Marco Rubio is reportedly developing a plan for a gradual transition in Venezuela by making specific demands on the remaining "gangster regime." By cutting off subsidized oil to Cuba, the U.S. hopes to cause the collapse of the Castroite regime, encouraging people to seek liberation from tyranny. Canada's Strategic Pivot to China. Guest: CONRAD BLACK. Prime Minister Mark Carney is visiting Chinato establish a "new strategic partnership" and a "new world order." This mission serves as a "Plan B" to offset potential trade losses with the United States under President Trump, specifically regarding strategic minerals and the renewal of the USMCA agreement. The Upwardly Mobile but Anxious Middle Class. Guest: VERONIQUE DE RUGY. Despite reports of a shrinking middle class, data shows many individuals are actually moving into the upper middle class. However, significant anxiety remains due to rising costs in government-regulated sectors like healthcare, housing, and education. This discontent leads to a search for scapegoats among the elite. Cosmological Mysteries: The Little Red Dots. Guest: DINESH NANDAL. The James Webb Space Telescopediscovered "little red dots"—compact, bright objects in the early universe that are not easily explained as galaxies or accreting black holes. These findings challenge the standard model of cosmology, suggesting the universe matured much earlier than previously thought by 21st-century scientists. Mapping the Future of Space Observation. Guest: DINESH NANDAL. Advancing cosmology requires a "James Webb 2.0" with larger mirrors and a successor to the Chandra X-ray telescope. Funding is also needed for researchers to develop new mathematical models. While AI can assist with pattern recognition, human physicists remain essential for creating the necessary new theoretical frameworks. Sovereignty and the Russian Identity Crisis. Guest: GREGORY COPLEY. Sovereignty is fundamentally tied to geography and identity. In the current period of "cratomorphosis," Russia exhibits defensive nationalism rather than expansionism. To the Kremlin, Ukraine remains the "cradle of Russia," making its loss a profound threat to Russian ethos, historical religious origins, and its personal identity. China's Quest for Legitimacy and Defense. Guest: GREGORY COPLEY. The Chinese Communist Partyyearns for ancient China's legitimacy while defending its modern borders. Rather than traditional imperial expansion, China employs "total war" non-military means. However, the state currently faces a crisis of sovereignty as it implodes internally under disproven totalitarian models and intensifying defensive pressures. The Reassertion of American Empire. Guest: GREGORY COPLEY. During Donald Trump's second term, the United States moved into an offensive mode to reassert dominance and energy security. Simultaneously, the European Union faces a crisis of legitimacy, with nation-states rebelling against its supra-state model. The EUlacks a cohesive vision, leading to internal distress. Lessons from the Superpower's Economic Resurgence. Guest: GREGORY COPLEY. The 21st century reveals that nations prioritizing energy security and enforced borders tend to succeed. President Trump's focus on manufacturing and cheap energy has bolstered the U.S. economy, positioning it as an unchallenged superpower. However, his dynamic approach often alienates allies while redefining grand strategy.

From Argentinian beef to German cars, a freshly inked deal between the EU and a bloc of South American countries should ease trade barriers—and is a sign of global trade's topsy-turvy time. Foreigner-bashing is politically fashionable in Japan, but focuses on the wrong problems. And a look at Parkrun, a free weekly event that has unwittingly made many Britons healthier.Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account. Hosted on Acast. See acast.com/privacy for more information.