As the world’s seven largest economic powers met in glamorous Biarritz, the lungs of the planet, in the Amazon rain forest, were ablaze. “I’m an environmentalist,” President Trump insisted, at a press conference on Monday, claiming that he knows more about the subject than most people. Yet hours earlier he had skipped the session on climate change, biodiversity, and oceans; the white high-backed chair reserved for him had been conspicuously empty. The White House insisted that he had “scheduled meetings” with the leaders of Germany and India, even though both were plainly in view at the climate session. (Never mind, as well, that the Trump Administration has rolled back at least eighty-three environmental regulations in less than three years.) … [Read more...] about Trump’s Weird Whoppers at the G-7 Summit
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“While the Secretary of HHS does not have legal authority to approve a waiver that would convert Medicaid’s financing into a block grant, the administration continues to encourage states to apply for these illegal waivers,” Pallone and Wyden wrote. … [Read more...] about Trump poised to kick off election-year fight over Medicaid
U.S. and EU trade relations started to sour in 2018 when the Trump administration invoked national-security considerations to impose tariffs on steel and aluminum from Europe. As a U.S. military ally, the EU was infuriated and promptly retaliated with levies on iconic American brands such as Harley-Davidson Inc. motorcycles and Levi Strauss & Co. jeans. … [Read more...] about Trump and Macron said to reach tariff truce over digital tax fight
“Such an accommodative stance toward Vietnam perhaps suggests the U.S. government has little appetite to further disrupt the Asian supply chains of U.S. companies,” Chris Turner and Francesco Pesole, strategists at ING, said in a joint assessment of the Treasury currency manipulation report. They added that the U.S. “seems satisfied with the ongoing efforts of the Vietnamese government to counter trade fraud.” … [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