RE: https://bsky.app/profile/did:plc:5zca2ola2zxpkw37w4f3wxtu/post/3mevn3b4etc26
Press release 📄 #CybersecurityAct: Focus on Security Standards Welcomed, But Industry Warns Against Exclusionary Amendments. 🛡️
"We call on the EU institutions to resist the #protectionist urge to reinstate #discriminatory restrictions."
https://www.ft.com/content/de31dc95-a0cd-432a-b403-f2ff26a6cdb8
One factor behind #food #inflation is #crop #losses due to #flood #drought #heatwave because of #climatechange
Another is #war
Then #protectionist policies such as #tariffs and anti-#immigration
https://www.cityam.com/us-services-growth-stalling-as-recession-looms-large/
US services growth ‘stalling’ as recession looms large
#stagflationary #crisis #stagflation #inflation #trumpflation #trump #tariffs #protectionist #consumer #tax #policies #global #trade #uspol #political #currency #banking #US #dollar #usdollar #1970s #uncertainty #shock #recession #trade #tradewar #retail #politics #stalling #growth #jobs #layoffs #employment #unemployment #jobless #employed #companies #mainstreet #business #economy
How can #digital technology help power Europe's #climate ambitions? 🔋
"In the current geopolitical climate, Europe might be tempted to consider a shift towards #protectionist measures, but ultimately this would only undermine the #GreenTransition."
➡️ https://project-disco.org/european-union/powering-europes-green-transition-with-digital-technology/ #GreenDeal
The European Union is at a critical juncture in its journey toward a greener, more competitive future. As EU policymakers push ambitious climate goals, digital technologies are emerging as indispensable tools in accelerating sustainability efforts.
Meanwhile, in the normal world:
"#Ecuador president says new #trade deal with #Canada finalized"
Apparently, #Trump admires President #McKinley's #tariffs (same guy Trump replaced #Denali's name with)
This fucking moron is trying to recreate antiquated #protectionist bullshit from the #GildedAge that doesn't work in the modern world
#China will expand its trade
Canada and Ecuador and others will bypass the #USA
And the USA will suffer mightily
So fucking stupid
"The market remains probably the best check on Donald #Trump's #protectionist impulses. And I think the [U.S.] market's muted reaction to what happened last night is a good sign that not a lot of folks actually believe this is going to happen."
https://www.cbc.ca/news/business/canadian-impacts-trump-tariff-proposal-1.7393493
From auto leaders to farmers, Canadian industry players say patience is a virtue when it comes to Trump's tariff threats — and that the mutually beneficial nature of the Canada-U.S. trade relationship, worth more than a trillion dollars, shouldn't be underestimated.