EU vice president Jyrki Katainen and Chinese vice premier Liu He led negotiations on trade in Beijing that could rewrite global rules on subsidies and tech policy
Photo: European Union
China and EU call for reform of WTO as US businesses ask legislators to reign in presidential powers on tariffs. Delano’s breakfast briefing.
China and EU tag team on trade
In the face of US trade tariffs, the European Union and China have agreed to form a group inside the World Trade Organization dedicated to rewriting the global rules on subsidies and tech policy. Business Insider is among the media to report on negotiations in Beijing. "We have to reform WTO in order to make multilateralism better functioning in the future,” Jyrki Katainen, the EU's vice president on jobs and economic growth said in an interview on CNBC.
US businesses urge change in trade law
US business leaders are lobbying for a change in the law that would require Congress to approve any new trade tariffs, The Guardian reports. A letter signed on Tuesday by retailers, car manufacturers and the agriculture industry, as well as the US Chamber of Commerce and state and local business bodies, warned of the “serious negative economic impacts” of the trade tariffs being imposed by the Trump administration.
Max De Barros found safe and sound
The 7-year old boy who was the subject of an Amber Alert after being snatched by his father from in front of his school in Rollingergrund on Tuesday morning has been found safe and sound in France. Max De Barros was in the company of his father, who was arrested by French police, the Luxembourg public prosecutor’s office said.
Ferrovial moves HQ out of UK
Spanish company Ferrovial, which has interests in airports, construction, infrastructure and toll roads, is to move its international head office from Oxford in England to Amsterdam “to maintain these holdings under the umbrella of the EU’s legislation,” according to The Guardian.
EU airports told to prepare for no deal Brexit
Filip Cornelis, the director of aviation at the European Commission’s transport department, has warned EU diplomats that they should prepare their airports and aviation sector for a “no-deal” Brexit. Politico reports that Cornelis said a no deal Brexit would require an overview of customs handling capacity and would also impact security, market access, safety regulations and passenger rights.
Queen signs Brexit law
Queen Elizabeth II on Tuesday signed into law the European Union Withdrawal Act 2018, which will see the UK exit the EU on 29 March next year. House of Commons speaker John Bercow made the announcement to cheers from Conservative MPs and cabinet ministers, Reuters reports.
MEP says EU shouldn’t fund migrant camps
British MEP Claude Morae, who chairs the European parliament’s justice and home affairs committee, says the EU should not use its budget to fund migrant camps in north Africa. Morae is cited in The Guardian as saying the parliament would block any funding because it finds “these ideas are extreme and we are not going to touch them.”
Today's breakfast briefing was compiled by Duncan Roberts