Alberto Nardelli

Important detail in the EO www.whitehouse.gov/presidential... on EU-US tariff arrangements and those of other trading partners

Some thoughts on the EU-US deal Another holiday edition

Some holiday thoughts on the EU-US "deal" ...

[something to do while the baby has a nap]

mostfavourednation.substack.com/p/some-thoug...

Merz and Macron Just Didn’t Want to Get Into a Trade War With Trump Several European Union officials responsible for negotiating Sunday’s trade agreement with the US think the deal they hammered out was the least-bad option available to the bloc, according to people f...

The EU's trade agreement with the US -- if implemented as advertised -- is the least bad outcome available to the bloc among the options actually on the table and given the position of the its biggest member states

www.bloomberg.com/news/article...

EU Readies €100 Billion No-Deal Plan to Match US 30% Tariff The European Union plans to quickly hit the US with 30% tariffs on some €100 billion ($117 billion) worth of goods in the event of no deal and if US President Donald Trump carries through with his thr...

❗️NEW: EU plans to quickly hit the US with 30% tariffs on some €100 bn worth of goods in the event of no deal and if Trump carries through with his threat to impose that rate on most of the bloc’s exports after Aug. 1.
With Arne Delf & @albertonardelli.bsky.social
www.bloomberg.com/news/article...

EU to Extend Suspension of Countermeasures to Allow for US Talks The EU is preparing to step up its engagement with other countries hit by Donald Trump’s tariffs following a slew of new threats to the bloc and other US trading partners, according to people familiar...

❗️NEW: EU plans to step up its engagement with other countries hit by Trump’s tariffs following a slew of new threats, including coordinating G-7 Canada & Japan, we’re told.
EC to share w MS new €72bn list today.

W @albertonardelli.bsky.social & @afpal.bsky.social

www.bloomberg.com/news/article...

Thank you

Russian Drone Documents Draw Line From China to Ukraine’s Skies Investigation shows how Chinese suppliers have been key for Russia’s war against Ukraine

Documents obtained by Bloomberg reveal how Russia has been working with Chinese companies since end 2022 to manufacture and localize the production of drones used against Ukraine www.bloomberg.com/news/article...

EU to Accept Trump Universal Tariff But Seeks Key Exemptions The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates than that on key s...

The EU is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit up front to lower rates on key sectors www.bloomberg.com/news/article...

Season 4 is just so good. Perfect.

EU and US Confident They Will Reach Tariff Deal by July Deadline The European Union and the US believe they can clinch some form of a trade agreement before a July 9 deadline, when Washington is set to impose a 50% tariff on nearly all EU products and the bloc plan...

The EU and US are confident they can reach some type of agreement on trade/tariffs by July 9 deadline
www.bloomberg.com/news/article...

EU Frets Over US Demands in Trade Talks It Sees as Unbalanced The US is demanding the European Union make what the bloc’s officials see as unbalanced, unilateral concessions as part of ongoing trade talks, setting up a tough decision over whether to move ahead w...

Key questions in EU-US trade negotiations are coming into focus: how much asymmetry — if any — can the EU accept and will it go for countermeasures to correct any imbalances in the event of sub-optimal arrangements www.bloomberg.com/news/article...

US Opposes European Push to Lower G-7 Price Cap on Russian Oil The US isn’t budging from its opposition to a lower price cap on Russian oil sales, people familiar with the matter said, dampening European hopes that leaders meeting for a Group of Seven summit in C...

The US is opposing a European push to lower the G7 price cap on Russian oil www.bloomberg.com/news/article...

“Two Weeks”

EU Proposes Sanctioning Two Small Chinese Banks for Russia Trade The European Union has proposed sanctioning two small Chinese banks for helping Russia get around the bloc’s existing trade restrictions, according to documents seen by Bloomberg.

The EU has proposed sanctioning two small Chinese banks for helping Russia get around existing restrictions

www.bloomberg.com/news/article...

EU Aims for US Trade Talks to Extend Past Trump’s July Deadline The European Union believes trade negotiations with the US could extend beyond President Donald Trump’s July 9 deadline, even as the speed of the talks has increased over the past week.

EU sees framework agreement on principles with US before July deadline to then for allow trade negotiations to continue as best case scenario.

Talks have gathered pace but an asymmetrical outcome remains likely, so EU continues work on potential countermeasures

www.bloomberg.com/news/article...

Hegseth Wins Praise But Asia Still Has Strong Doubts About Trump After US military allies in Europe were torched by Vice President JD Vance in March over military spending, free speech and the war in Ukraine, America’s partners in Asia warily awaited Defense Secret...

Hegseth’s reassurances to US allies in Asia were welcome — but they’re not yet sure whether they can trust his boss www.bloomberg.com/news/article...

Ballon d’Or? Discuss.

Well I for one am glad I did not get up at 3am to watch the football

Europe Sees China-Russia Threat as World’s ‘Greatest Challenge’ European leaders headed to Asia this week with a key message: We need to work closer together to preserve the rules-based order against threats from China and Russia.

Europe's key message to SE Asia: Russia and China threats are linked, and we need to work together to preserve the rules based order.

“If you are worried about China, you should be worried about Russia,” the EU's HR/VP Kaja Kallas told the #SLD25 in Singapore www.bloomberg.com/news/article...

China Cut Drone Sales to West But Supplies Them to Russia, Ukraine Says Ukrainian President Volodymyr Zelenskiy said China has stopped selling drones to Kyiv and other European nations while continuing shipments to Russia.

China has cut drone and component sales to the west, while continuing to boost shipments to Russia

www.bloomberg.com/news/article...

Maxwell!

🇸🇬

EU to Focus on Critical Sectors in Bid to Avoid Trump’s Tariffs The European Union is seeking to accelerate trade talks with the US just six weeks before President Donald Trump’s threatened 50% tariffs come into effect.

❗️NEW: EU’s @marossefcovic.bsky.social will focus political talks on the “Big Five” strategic sectors, after VDL promised Trump to accelerate trade negotiations in call, we’re told.
Technical track will keep on tariff/non-tariffs
With @albertonardelli.bsky.social

www.bloomberg.com/news/article...

EU Weighs Cutting 20 Banks From SWIFT in New Russia Sanctions The European Union is considering cutting more than 20 banks from SWIFT, the international payments system, as well as lowering a price cap on Russian oil and banning the Nord Stream gas pipelines as ...

The EU is considering cutting more than 20 banks from SWIFT, lowering oil price cap, further export restrictions and banning Nord Stream pipelines as part of a new sanctions package on Russia over its full-scale war of aggression against Ukraine www.bloomberg.com/news/article...

The gist of the problem here is that the US is not looking for a deal that works for both parties. They are looking for a tribute, an offering from the EU. From the White House perspective, the EU isn't getting it. This is a shake down. Not a negotiation.

Trade war coming.

Here’s What’s in the EU Trade Proposal That Trump Just Rejected US President Donald Trump blasted the European Union’s latest trade proposal, rejecting offers to jointly remove tariffs on industrial goods, to boost access for some American agricultural products an...

Here’s what’s in the EU trade proposal that Trump is shunning www.bloomberg.com/news/article...

🇮🇹

Europe Waits to Find Out Where Trump Swerves to Next on Russia European officials have no idea what President Donald Trump will say next about Russia’s war in Ukraine — or where that may leave them.

Europe waits to find out where Trump swerves to next on Russia www.bloomberg.com/news/article...

EU Readies New Trade Proposal for US as Tariff Talks Move Slowly The European Union is revising its proposals for a potential trade deal with the US as the two sides move to accelerate serious negotiations, even though the Trump administration continues to provide ...

- EU autonomy over tax (eg VAT) and regulations is a non-negotiable red line

Full story here: www.bloomberg.com/news/article...

And on the plus side, it's Friday, sunny and Sinner plays tonight.

- EU drafting a new paper setting out areas for negotiation, including lowering trade barriers, purchasing US goods like LNG and AI chips, EU investments via cooperation on supply chains, working together on shared challenges such as cars, steel, CRMs, chips and civilian aircraft