My easy like Sunday morning reads: • How Blogging Changed Wall Street (Pragmatic Capitalism) see also A Pearl of Wisdom (Dan Solin) • Trump is trying to destabilize the European Union (Washington Post) • General Electric’s Long Unwinding (Wall Street Journal) see also How to Avoid a Retirement Disaster (TBP) • Actually Successful Businessman Considering Presidential Run (Vanity Fair) • The Way You Read Books Says…
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The US president need only look as far as Obama’s experiment with tariffs to see the problem
The trade war is getting nastier. Phase one began when Donald Trump whacked duties on imported steel and aluminium, and announced $50bn (£37.8bn) worth of tariffs on Chinese goods. Beijing retaliated dollar for dollar, while the EU targeted Levi’s jeans, bourbon whiskey and Harley-Davidson motorcycles.
Harley-Davidson responded by saying it would shift production of motorbikes for the EU market out of the US. A different president might have seen this as a warning of the collateral damage likely to be caused to the US economy from a trade war, but not this one.
The supermarket chain restricts how much soft drink customers can buy as the CO2 shortage continues.
Hope of ending neighbours’ 18 years of ‘no war, no peace’ rest on delegate’s shoulders
Economists say any attempt to ‘weaponise’ China’s currency carries big risks
Chair of the CBI in Northern Ireland says facts do not support some of the optimistic economic claims.
Carlos Ghosn says traditional car companies face many challenges in an era of automation and electrification.
The bad news is mounting but Labour are failing to put the future of the country above narrow political interests
What did Harold Wilson, James Callaghan and Michael Foot have in common? The answer, obviously, is many things. But my main purpose in bracketing them together today is that they were all leaders of the Labour party who overcame their doubts about UK membership of the European Union and became supporters – in Foot’s case, towards the end of his life, passionately so.
I was reminded of this first by the much-reported chant at the pro-EU demonstration in London last weekend (“Where’s Jeremy Corbyn?”) and secondly when I attended the launch by the Strand group of King’s College London, of the fascinating new book Half In, Half Out (Biteback), about British prime ministers and their attitude to Europe.
Related: Where’s Jeremy Corbyn? Lost in a rose-tinted vision of Labour’s past | John Harris