Global Trade – Tuesday saw President Donald Trump roll out a wave of new tariffs, including a proposal of new duties on French goods. This was in response to France’s decision to impose a digital tax on foreign (mostly US) tech firms. French officials have said the European Union would retaliate if the US followed through on their threat of placing tariffs on $2.4 billion worth of French products. The gathering of major world leaders at the NATO summit, offered Macron and Trump the opportunity to discuss these tariffs and diffuse the rising tensions. However, moods were soured after Trump left the talks abruptly following a video that emerged showing other world leaders, including Macron, mocking Trump.
Impeachment update – This week saw further developments for the U.S House of Representatives in the process of President Donald Trump’s impeachment. Speaker Nancy Pelosi set out a rapid timetable that could bring the process to a conclusion before the Christmas holiday. It was indicated by Judiciary Chairman Jerrold Nadler, that his panel was heading towards at least three articles of impeachment, including abuse of power, bribery, and obstruction. Trump has encouraged Democrats to speed up the proceedings for the country to “get back to business”.
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