Trump’s Cheese Tariffs May Be His Most Normal Trade Policy

If you’re a fan of European cheeses, I’m sorry to report the price outlook is not Gouda.

The U.S. and the European Union have a long-running trade dispute over airplane subsidies. Each side alleges that the other is subsidizing its major commercial-aircraft manufacturer (Boeing and Airbus, respectively) in violation of World Trade Organization rules. The WTO says both sides are right: Boeing and Airbus both receive improper subsidies. Soon, the WTO will say how much in retaliatory tariffs each side may impose to punish the other for these violations. And in preparation for that decision, the U.S. has prepared a list of $25 billion worth of European exports we might subject to 100 percent tariffs.

The list reads like an order sheet from Dean & DeLuca.

Tariffs may be applied to cheeses including Gouda, Stilton, Roquefort, and Parmigiano-Regianno. Olive oil. Olives. Dried cherries. Apricot jam, peach jam, currant jelly, pear juice. Ham, including Proscuitto di Parma, Jamón Ibérico, Jambon de Bayonne and any of the other delicious European hams. Wine. Whiskey. Brandy (e.g., Cognac). If you might buy it to throw a fabulous cocktail party, it may soon be subject to a prohibitive tariff.

Meanwhile, the EU has released its own list of goods it might tariff because of our subsidies to Boeing — it includes live lobsters, orange juice, and rum.

Donald Trump, who doesn’t drink, says you shouldn’t worry about wine tariffs because the best wines are American anyway. But while high tariffs that upset coastal snobs would seem to combine two of Trump’s passions, his strategy of threatening these tariffs is actually one of the more ordinary parts of his trade policy. Long before Trump was president, the U.S. and Europe have exchanged punitive tariffs on luxury and specialty goods as tools to push for resolutions to valid trade grievances [ . . . ]

Read Full story at INTELLIGENCER: Trump’s Cheese Tariffs May Be His Most Normal Trade Policy

Paris Hits Sweltering New Heat Record

The Paris area hit 108.3 degrees Fahrenheit, beating the previous record of 104.8 F set in 1947.

PARIS (AP) — Record temperatures are being set across Europe, including Paris, as the continent swelters Thursday in what is its second heat wave this summer.

Climate scientists warn this could become the new normal in many parts of the world. But temperate Europe — where air conditioning is rare — isn’t equipped for the temperatures frying the region this week.

Source: Paris Hits Sweltering New Heat Record | HuffPost

Thousands gather in France, worldwide for annual march against Monsanto

Thousands of protesters gathered across France and in over 30 cities around the world to march against the activities of Bayer-Monsanto and others agrochemical giants on Saturday, while Monsanto lost its third lawsuit in the US. [ . . . ]

Continue at France 24: Thousands gather in France, worldwide for annual march against Monsanto

The Travails of Emmanuel Macron

Macron

A new book equates the French president’s rise to a revolution. For much of France’s working and middle classes, it has been nothing short of a disaster.

Last September, French President Emmanuel Macron met an unassuming gardener on the grounds of the Élysée Palace. Introducing himself, the 25-year-old timidly explained that he was having trouble finding work. “I send résumés and cover letters… they don’t lead to anything,” he told the president. Many people in France can relate: The country’s unemployment rate hovers just below 9 percent, more than two points above the European Union average. The joblessness rate, meanwhile, is more than twice that for young people age 15 to 24.

Macron’s reaction, however, was less than sympathetic—almost as if he were hearing this problem for the very first time and wasn’t all that convinced of its seriousness. “If you’re willing and motivated, in hotels, cafés, and restaurants, construction, there’s not a single place I go where they don’t say they’re looking for people!” he exclaimed. Then he added, “If I crossed the street, I’d find you one.” Continue reading “The Travails of Emmanuel Macron”