🚨 SCOOP: China's EV makers are uncooperative in having alleged state subsidies investigated, EU Trade 🇪🇺 told BYD, SAIC and Geely.

This means the EU can set higher duties compared to when they would have the full picture.

politico.eu/article/china-…

Bloomberg: 'More than 80% of business leaders believe the US economy is strong compared to just 40% of American consumers, according to a Milken Institute and Harris Poll report.'

bloomberg.com/news/articles/… via Bloomberg Economics

Energy transition at centre of discussions in environment committee and thematic session dlvr.it/T6CNYv

Industrial policy is on the rise, but new research shows that it is not a magic bullet for economic growth. Instead, fiscal policies that support innovation and technology diffusion more broadly—plus basic research—are the answer. Read our blog: imf.org/en/Blogs/Artic…

#Indonesia wants progress on #CEPA #trade agreement with #EU despite ongoing disputes over #deforestation and #nickel mining, 🇮🇩 ambassador to Germany ⁦Arif Havas Oegroseno⁩ said in an interview on the fringes of industrial fair in Hanover.

dw.com/en/indonesia-c…

In 2017, Macron’s call for EU strategic autonomy was prescient. The world has become more unfriendly to the EU’s naïve model of economic openness. Fair diagnosis - but in key areas his Sorbonne 2.0 speech presents a contradictory and unbalanced economic vision for Europe.🧵

My latest article with highlights and takeaways from recent visit to the US - April 2024 linkedin.com/pulse/visit-us… via LinkedIn

Action is beginning to match tougher EU rhetoric on 🇨🇳 .
„The simultaneous deployment of the procurement and foreign subsidies tools shows the commission is trying to take a more systemic approach and cut across the landscape of China’s unfair practices.” bit.ly/3Ql12a1

2024 will see more voters than ever head to the polls around the world, and populist climate policies that promise to revitalize domestic industry and create jobs are on the ballot in many countries. (1/6)

ASEAN now beats China as destinations for OECD investment in manufacturing. fdiintelligence.com/content/data-t…

Today, the International Energy Agency has started tracking progress of all 10 things that every country in the world committed to at COP28 UAE.

You can't say there's no ambition!?... 🧵
#DecadeofImplementation

'A spade is a spade' - 🇺🇸 White House Climate and Trade Task Force edition, by Alan Beattie

“As a very open economy, our number-one advice to Europe is, don’t become protectionist,” Alfred Kammer, European director of the IMF, told the FT.

“Protectionism is going to be damaging globally and a subsidy race is not in Europe’s interest.”

ft.com/content/0ee289…

Indeed, very productive and constructive discussions on the past and future of transatlantic climate and trade cooperation with participants from @trade_eu, United States Trade Representative, Democrat and Republican Senate staff, and civil society. More to come. Thanks to all involved! Dirk Willem te Velde

The EU needs to get its trade mojo back, say Sweden and Finland   politico.eu/article/the-eu…

“Outside the hearing room, Whitehouse told Inside U.S. Trade he hoped the task force would take up proposals like his “Clean Competition Act,” which includes a domestic carbon tax with a border adjustment mechanism for certain emission-intensive goods.”

“Podesta essentially called for the creation of a new trading system that protects green subsidies in the US, and in potential partners aligned with Washington, both from legal challenges and so-called carbon leakage.”

The EU has asked (so far in vain) for exactly the kind of discussion advocated in the WH post below, to agree a methodology for carbon measurement, in the Global Steel Arrangement negotiations. This is indeed progress. David Kleimann | @dkleimann.bsky.social 🌤 EU Trade 🇪🇺 EU Tax & Customs 🇪🇺

CBAM Corner, 🇺🇸 edition:

Biden's new climate czar John Podesta announces the establishment of a White House Climate & Trade Task Force. This is big.

whitehouse.gov/briefing-room/…