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Doing this story on #bbcnewssix and #bbcnewsten tonight with more from port/ shipping/ freight industry who are preparing changes for new Irish Sea trade checks from GB-NI, and rather exasperated by repeated denials that they will be needed...
NEW - despite denials on Irish Sea checks, shipping, freight, & ports preparing for them on exit from GB ... including routing freight thru ports with space and inspection facilities - such as Liverpool and Stranraer... and “pop up labs”
#bbcnewssix
bbc.co.uk/news/business-…
Conservatives acknowledge regulatory checks GB-NI, that build on existing checks (eg for animal imports at Larne)
- customs checks they say only apply to goods destined for RoI/EU (but what is at risk of this determined by EU/UK Joint committee)
- Alternative Arrangements help
Interesting thread here from Anna on my NI checks report..
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Faisal Islam
@faisalislam
French finance minister Bruno Le Maire announces that after meeting with Mnuchin and OECD again this morning they have an agreement to delay digital tax payments/ US tariff retaliation
We now have a global agreement
- France accepts postponing payments of digital tax from April 15 to end of 2020
- US suspends sanctions 301
- agreed text for OECD negotiations, after withdrawing the words “optional taxation”
I suggest to Lemaire that France has simply acquiesced to aggressive US tariff threats... he responds for France that “we have been tough” in pushing ahead with the first digital tax in the first place and this has pushed negotiations for a global solution
Read 4 tweets
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Faisal Islam
@faisalislam
Just hearing from Treasury Secretary @stevenmnuchin1 and Commerce Secretary @SecretaryRoss here at Davos:

TS says re Huawei, he will talk with chancellor in London this week. re climate: Greta should go and study economics in college... and on trade...
NEW: On a UK-US trade deal:

US Treasury Sec Mnuchin says: UK wants to “accomplish both [EU & US] deals in 2020 obviously an aggressive timetable... we expect to complete that [ie UK-US] within this year”.

Ross: “far fewer issues between UK & US than between either of us and EU”
So - according to members of President Trump’s Cabinet, both sides of UK-US deal expect it to be done THIS year.
Read 6 tweets
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Faisal Islam
@faisalislam
Just interviewed the European Commission President Ursula von der Leyen here in Davos, 1st UK TV

- Govt “has to choose” whether it wants “good access to the single market” in next few weeks so that both sides can find “what the room for negotiation is”. “We’ll see” on end 2020
EU’s VDL also responded positively to UK Chancellor Sajid Javid saying that the EU trade deal was the priority ahead of a US one: “It’s good that they assign a lot of resources to these negotiations”.
VDL also said that the UK should not feel it has to choose between trade links with the USA and the EU. “it’s in our common interest for all three of us the UK, EU and US that we will work as close as possible together... both can go in parallel”.
Read 4 tweets

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Peter Foster
@pmdfoster
Right. As we slough off the excesses of the holiday season, here are my five 'known unknowns' about the coming #Brexit negotiation....

First up: Will Boris listen to business? 1/thread

telegraph.co.uk/politics/2020/…
.@BorisJohnson is, after all, the PM who (as my colleague @JamesCrisp6 revealed) memorably replied 'f*** business' when asked in June 2018 why fears of industry were not being given more consideration in Brexit...it was quite a statement, but it points to a key question. /2
@BorisJohnson @JamesCrisp6 Is the Boris Johnson who quit over the Chequers Deal and the inexorable slide to the EU's single market for goods, going to put his money where his mouth is - or was? /3
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🚨 REDPilledCrasH
@Michaelcraddo16
NEW #Q #3336

foxnews.com/politics/trump…📁
PANIC IN [DC].
Q
NEW #Q #3337

Important to remember.
Page is public.
Remainder are still classified.
+Cruz
Q

#QPosts
NEW #Q #3338

Image Name👉cruz.png

>>6572005
+Cruz
>>6572130
Follow the watch.
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#QPosts
Read 12 tweets
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Christophe Barraud🛢
@C_Barraud
🇺🇸 🇨🇳 *U.S. WAITING TO HEAR FROM #CHINA ON TRADE DEAL, KUDLOW SAYS - BBG
*KUDLOW EXPECTS U.S.-CHINA MEETING IN MARCH IN MAR-A-LAGO
*TRUMP, LIGHTHIZER ARE VERY CLOSE, KUDLOW TELLS CNBC
🇺🇸 🇨🇳 #CHINA WOULD HAVE TO NOTE ANY FX INTERVENTION UNDER DEAL: KUDLOW - BBG
🇺🇸 🇨🇳 *MNUCHIN SAYS #CHINA #TRADE TALKS INCLUDE 150-PAGE DOCUMENT - BBG
Read 819 tweets
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Christophe Barraud🛢
@C_Barraud
🇨🇦 🇺🇸 🇨🇳 🇮🇷 #Canada arrests #Huawei’s global chief financial officer in Vancouver – The Globe and Mail
theglobeandmail.com/canada/article…
A gauge of #technology shares on the MSCI #Asia Pacific Index slid as much as 3 percent before paring some losses - Bloomberg
🇺🇸 #SPX ⬇ as much as 1.9% from Tuesday’s close, before paring some losses. Selling pressure early in the session was so intense that it forced CME Group to intermittently pause trading, according to a spokesperson for the exchange - Bloomberg
*Link: bloom.bg/2BTw5DN
Read 736 tweets
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Christophe Barraud🛢
@C_Barraud
🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
*NBS spokesman Mao Shengyong said that the international situation was bringing “downward pressure” on China.
*Link: bloom.bg/2RVX1ZA
🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
*Statement: bit.ly/2EujhqH
🇺🇸🇨🇳🇪🇺 In a volley of filings, the EU, #China and the U.S. this week escalated disputes over new U.S. metals tariffs, the European response to those levies, and Chinese intellectual property practices - Bloomberg
bloomberg.com/news/articles/…
Read 634 tweets
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Millennial Macro
@MillennialMacro
#demographics #militaries #economies #currencies
#USA
- Best demographics
- Largest military
- Largest economy
- Most used currency
- Liquid financial markets
- Open capital account
- Rule of law
- Best geography
- Can be self sufficient if required
- Not trade dependent
#USA
Top trade partners as of 30 June 2018:
- China: 15.2% (strategic competitor)
- Canada: 15.1%
- Mexico: 14.6%
- Japan: 5.1%
- Germany: 4.4%

The next 10 years could result in the below:
- Mexico (25%)
- Canada (20%
- Japan (7%)
- South Korea (5%)
- Great Britain (4%)
#USA
Bring the manufacturing (jobs) home while negatively impacting China's economy.
forbes.com/sites/kenrapoz…
cebglobal.com/talentdaily/au…
irishtimes.com/business/econo…
Read 338 tweets

Trending hashtags

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