Archive

February 10, 2025
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France: Temporary Reprieves

  • After all the political drama in France in the second half of last year, the Bayrou government managed to pass a 2025 budget last week with barely a murmur. However, this is very likely only a temporary reprieve politically and, even without taking account of probable US tariffs, fiscally.

By Alastair Newton

February 05, 2025
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US vs EU Part 2: Tax War

  • Even though Donald Trump has held fire for now in the case of Canada and Mexico, the threat of tariffs on America’s allies suggests that the tax war he launched, almost unnoticed, on 20 January against Europe could get even bloodier than battles over trade-in-goods.

By Alastair Newton

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