USTR Greer warns UK choosing alignment with the EU over America is an issue for a US trade deal, according to FT
Remarks of this kind from a sitting US trade representative follow a familiar pattern: the negotiating lever deployed publicly ahead of any formal track, with the substance less important than the fact that the friction is being aired at all.
European defence officials are pushing back against EU attempts to cut reliance on US tech giants and warned the move could leave Europe with inferior systems, greater cyber risks and problems in co-ordinating with NATO allies, according to FT
Spain wants the EU to tax oil and gas company profits to fund measures to adapt to climate change, according to FT
USTR Greer warns UK choosing alignment with the EU over America is an issue for a US trade deal, according to FT
Manager of Norway's USD 2.3tln sovereign oil fund has proposed an overhaul of its government bond portfolio that could see it cut its holdings of US Treasuries by about USD 80bln as it looks to other types of debts to try to boost returns, according to FT
PRE-MARKET INDIAN STOCKS NEWS: Power Grid Corporation of India (PWGR IS) received an LoI worth INR 11.52bln to establish an inter-state transmission system
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The structural issue named here is real and longstanding: regulatory alignment with the EU constrains the scope of any bilateral US-UK deal on goods, since divergence on standards, food and agriculture rules, and digital regulation is what a US deal typically demands. Episodes of this kind have tended to matter more for headline-sensitive sterling and for the political calendar than for any near-term change in trade flows, since US-UK talks have historically moved slowly and produced limited deliverables. The tells worth noting are whether the comments draw a formal UK response, whether they are repeated by other US officials, and whether any negotiating round or visit is imminent that would give them operational weight. As sourced commentary to a newspaper rather than a policy announcement, the signal is directional rather than actionable.
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