“Europe has had tremendous barriers to us doing business with them. All those barriers are coming down. They have to come down,” he told a conference of farmers in Austin, Texas. “If they don’t come down, we’re going to have to do things that are very bad for them.” … [Read more...] about Trump and Macron said to reach tariff truce over digital tax fight
Tariff on steel
The bar has retained its original redwood paneling and moody lighting, but it got a new set of floors and a new set of furniture (though the decor remains in an Art Deco style.) The biggest piece of the bar's furniture — the bar, of course — is both new and old, depending on how you look at it. It was made by a custom woodworker from an 800-year-old redwood tree. The original artwork on the walls by Austrian painter Gustav Klimt was restored and re-hung. … [Read more...] about Before and after: Historic SF hotel undergoes down-to-the-studs renovation
Many people worldwide are hoping for a permanent end to the trade war between the two biggest economies, which may have decreased world economic growth in 2019 to 3%, instead of 3.8%, according to the International Monetary Fund. Those hopeful people include the Vietnamese. However there are still some reasons that continuing the trade war could be good for Vietnam. … [Read more...] about Is Vietnam Safe as US Steps Back from the China Trade War?
The trade deal doesn’t include an agreement on what’s known as “data exclusivity,” which temporarily stops rival firms from using data from the original maker of a product to develop their own versions. Drugmakers have been seeking greater protection for their branded medicines in emerging markets for years. It was a key part of the Trans-Pacific Partnership, the 12-nation deal that excluded China and was canceled when Trump took office. … [Read more...] about How the U.S.-China trade deal will ripple through food, finance and energy
Macron managed to pull off the one surprise at the G-7 with the most diplomatic potential. Amid tight security that cordoned off the summit venue, the delegations, and the local airport, he invited the Iranian Foreign Minister, Mohammad Javad Zarif, to fly to Biarritz on Sunday. Macron has quietly led a European effort—backed by Britain and Germany—to salvage the nuclear deal brokered by the world’s six major powers in 2015. Trump unilaterally abandoned it, in May of last year, then re-imposed U.S. economic sanctions on the Islamic Republic, in November. Macron had hosted Zarif on Friday, in Paris, for preliminary talks to jump-start diplomacy with the United States and to prevent the recent tensions over sabotaged oil tankers and shot-down drones from turning into a war. Macron reviewed the state of play with Trump, over lunch on Saturday. He then summoned Zarif back from Tehran for talks with French, British, and German officials on the sidelines of the G-7. … [Read more...] about Trump’s Weird Whoppers at the G-7 Summit