A Trumpian offer you can only refuse

The US commerce department has initiated two national security investigations that may result in tariffs on drone imports and polysilicon, a key material for chips and solar panels, due to concerns about foreign subsidies and trade practices. These probes continue the ongoing trade tensions under President Trump, who has previously applied significant tariffs on various imports, including steel and aluminum. Explain It To Me Like I'm 5: The US government is looking into whether to...

The Northwood declaration from the recent UK-French summit, emphasizing joint nuclear policy and defense capabilities, marks a significant shift in European security dynamics amid concerns over US commitment and recent geopolitical challenges. As German Chancellor Friedrich Merz prepares for a visit to London, the focus on trilateral cooperation among the UK, France, and Germany aims to enhance Europe’s military autonomy and response to threats. Explain It To Me Like I'm 5: The leaders of France...

Trade between the EU and US could become "almost impossible" if President Trump enforces a 30% tariff, warns EU trade commissioner Maroš Šefčovič, highlighting significant impacts on transatlantic supply chains. As the EU prepares retaliatory measures, Šefčovič will engage with US officials to seek a resolution, while larger EU states express caution against escalating tensions. Explain It To Me Like I'm 5: Trade between the EU and the US might stop almost completely if President...

Germany's economy could have seen a 50% increase in growth from 2021 to 2024 if not hindered by labor shortages and bureaucracy, according to a Bundesbank study. While GDP grew by 4.6% overall, it shrank in the last two years due to structural issues, with calls for reforms to address these challenges, as export losses to China and competition from the US continue to rise. Explain It To Me Like I'm 5: Germany's economy could...

Sir Keir Starmer and Friedrich Merz are set to announce a treaty aimed at enhancing UK-Germany relations, focusing on travel, defense, trade, and migration, addressing the significant decline in German school trips to the UK since Brexit. The agreement will allow teachers to bring students without visas, while Germany commits to stricter anti-smuggling laws, reinforcing a collaborative stance on security in Europe. Explain It To Me Like I'm 5: Sir Keir Starmer and Friedrich Merz...

In today's FirstFT Asia newsletter, North Korea's Kim Jong Un has pledged unconditional support for Russia's war in Ukraine during a meeting with Russian Foreign Minister Sergei Lavrov, emphasizing deepening military and economic ties. Other highlights include economic data releases from India and China, and significant developments in EU-US relations regarding tariffs and military spending. Explain It To Me Like I'm 5: North Korea has promised to fully support Russia in its war against Ukraine,...