Since the European Commission blocked a landmark merger of the French and German train manufacturers Alstom and Siemens, France and Germany have come out in favor of a “genuine European industrial policy” to compete with China and the United States.
On the heels of an arbitrary — and, it turns out, unnecessary — deadline, Canada, Mexico and the United States have finalized a renegotiation the North American Free Trade Agreement (NAFTA). The new deal is called the United States-Mexico-Canada Agreement (USMCA):
Italy has learned from Donald Trump that Canada is now the enemy of the West.
In an interview with the newspaper La Stampa, the country’s new agriculture minister, Gian Marco Centinaio of the far-right League, said he would ask parliament not to ratify the trade agreement the EU negotiated with Canada in 2016.
The conventional wisdom in the United States is that Democrats are likely to take control of the House of Representatives in November while Republicans are likely to defend their majority in the Senate.
The moderate French Democratic Confederation of Labor (CFDT) has joined the hardline General Confederation of Labor (CGT) in weekly strikes against a proposed overhaul of the state railway company, yet President Emmanuel Macron shows no sign of budging.
Most French voters support his effort to end generous employment terms for new — not existing — rail workers, including automatic pay rises and early retirement.
Donald Trump has accepted an invitation from Kim Jong-un to meet one-on-one. It would be the first time a sitting American president met with the North Korean dictator.
North Korea craves international legitimacy, which the United States have deliberately withheld. Trump’s break with decades of policy is risky — but it’s not if existing policy has worked. North Korea remains a rogue state. It has only continued its ballistic missile and nuclear weapons programs.
The challenge now, as Fred Kaplan writes in Slate, is organizing a careful diplomacy that includes coordinating common negotiating positions with Japan and South Korea.
Unfortunately, Trump has yet to appoint an ambassador to Seoul. The State Department’s top North Korea expert has resigned. None of the three top foreign-policy officials in Trump’s government — Secretary of State Rex Tillerson, Secretary of Defense James Mattis, National Security Adviser H.R. McMaster — have much experience in Asia.
Italy’s Five Star Movement may go into coalition after all. Having placed first in the election on Sunday, the populist movement is reportedly eying an accord with the left.
The Five Stars, center-left Democrats and left-wing Free and Equal would have a majority in the new parliament.
The Five Stars and Free and Equal share views. Free and Equal was formed last year by Democrats critical of Matteo Renzi’s market reforms.
Renzi has come out against a deal, calling the Five Star Movement “anti-European”. But he is on his way out as leader. The rest of the party may be willing to reverse his signature labor reforms in return for staying in power.