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Recent Editions
Risk Channel
North America
The House of Representatives has rejected a rule pushed by Republican leaders to prevent votes challenging U.S. President Trump’s tariffs. The move could pave the way for Democratic lawmakers to force a vote as soon as today on a resolution blocking Trump’s tariffs on Canada. The votes of three Republicans – GOP Reps. Thomas Massie, Don Bacon and Kevin Kiley – were enough to deal the blow to the administration. Bacon said: “Tariffs have been a ‘net negative’ for the economy and are a significant tax that American consumers, manufacturers, and farmers are paying. Article I of the Constitution places authority over taxes and tariffs with Congress for a reason, but for too long, we have handed that authority to the executive branch. It’s time for Congress to reclaim that responsibility.”
Full Issue
Risk Channel
UK/Europe
The European Parliament has given its first major backing to the digital euro, after it endorsed the European Council's negotiating stance for a central bank digital currency with both online and offline functionality. The parliament said the digital euro is “essential to strengthening EU monetary sovereignty, reducing fragmentation in retail payments, and supporting the integrity and resilience of the single market,” adding: “The increasing digitalisation of payments, if left exclusively to private and non-EU actors, risks creating new forms of exclusion for both users and merchants.” The European Central Bank wants a digital euro to lessen European reliance on US payment firms like Visa and Mastercard amid deteriorating transatlantic relations.
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