
Le Pen's MAGA-Style Martyrdom Is New Risk in France
What makes this scandal different is not, as Le Pen's defenders — including Elon Musk — claim, that French democracy is now decided by a cabal of unelected judges. If anything, the sentencing went against widespread expectations among the Parisian elite of an outcome that would have kept the political peace. If the presiding judge threw the book at Le Pen, it's because of the magnitude of a 'system' that lasted more than a decade and diverted millions of European Union funds for domestic activities — and because the far-right leader showed no remorse, insisting Monday evening that she was innocent and the victim of a political stitch-up. (If so, she's in good company.)

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Wall Street Journal
an hour ago
- Wall Street Journal
Europe Should Deepen Ties With Non-U.S. Trade Partners, ECB's Lagarde Says
Europe should deepen its relationships with trade partners outside the U.S., European Central Bank President Christine Lagarde said. "While the U.S. is—and will remain—an important trading partner, Europe should also aim to deepen its trade ties with other jurisdictions, leveraging the strengths of its export-oriented economy," Lagarde told a panel at the World Economic Forum in Geneva on Wednesday. Lagarde has previously spoken about how the European Union should bolster its institutions and economic resilience, after the U.S. began to raise tariffs on its trade partners.
Yahoo
2 hours ago
- Yahoo
EU Tech Regulation Could Be Holding Up Final Trade Agreement With U.S.
The European Union and the United States seem to be at a technology-focused impasse. Leaders expected to see a finalized trade agreement or statement come down mere days after U.S. President Donald Trump's meeting in Scotland with European Commission President Ursula von der Leyen on July 27, but the final details have yet to be agreed upon, according to a report from the Financial Times. More from Sourcing Journal India and China: US Tariffs Turn Rivals Toward Friendship in Major Geopolitical Shift India Suspends Duties on Raw Cotton Imports, Benefitting US Exporters Amid Tariff-Driven Price Hikes, Goodwill Aims to Pick Up Traffic Lost By Online Marketplaces Trump and von der Leyen's meeting yielded a 15-percent tariff on many goods inbound from the bloc, a higher rate than initially hoped for by EU leaders, but still down from the higher levies Trump threatened to institute. Still, EU officials cited by the FT said 'non-tariff barriers' continued to hold up newspaper reported Sunday that the formalized trade agreement between the two nations has been stalled because of the EU's Digital Services Act (DSA). While leaders in Washington hoped to see a relaxation of the regulation in the name of innovation, EU leaders have no interest in that possibility. Despite the EU's supposed hard stance against leniency in the DSA, U.S. officials reportedly told the outlet that the bloc had agreed to discuss digital laws. 'We continue to address digital trade barriers in conversations with our trading partners and the EU agreed to address these barriers when our initial agreement was struck,' the U.S. official reportedly said. For some companies, a purported barrier to further growth has been the regulatory environment outside the U.S., or the rising concern from state governments about artificial intelligence, privacy and other technologies. Washington's stance has been that the DSA and the EU AI Act, which the report did not mention, are two specific examples of regulations that can stifle innovation and force U.S.-based companies to add unnecessary costs into the equation. The DSA is a landmark EU legislation that aims to create a safer digital environment for citizens of the bloc, including children. It places special restrictions on what it calls very large online providers (VLOPs), demanding that those companies comply with harsher provisions of the regulation than their smaller counterparts. Current VLOPs, which are companies that have garnered more than 45 million monthly users in the EU, include Amazon, AliExpress, Google, TikTok, Shein, Temu, Zalando and others. Some companies that are included as VLOPs, including Amazon, Apple, Google, Meta and Microsoft, are U.S.-founded companies that have grown rapidly on an international scale. Despite their primary footholds being in the U.S., the companies are required to comply with applicable laws globally. Amazon has publicly disputed its status as a VLOP, asking an EU court to scrap the designation, primarily focusing on the argument that retail platforms should not be categorized as VLOPs. When Amazon went before the court in June, a spokesperson told Sourcing Journal that the marketplace 'does not pose any such systemic risks; it only sells goods, and it doesn't disseminate or amplify information, views or opinions.' Amazon's fate in the matter remains to be seen. That the U.S. reportedly has an interest in loosening laws that impact the administration's allies in Big Tech coincides with some of the announcements that have come from Trump in recent months. Specifically, the president and his allies have set forth pathways for continued growth of AI in Trump's AI Action Plan; called for general deregulation of technologies as the U.S. aims to become a leader in the industry; dismantled an executive order from former President Joe Biden related to the trustworthy and safe development of AI models; introduced their intent to allow technology players to access permits with disregard for the environment and more. As far as Trump is concerned, the U.S. remains in a technology war with China—and the president has been unrelenting in his stance that the U.S. can, and should, win the race. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


The Hill
6 hours ago
- The Hill
Trump called Orban to win his support for Ukraine joining EU: Report
President Trump called Hungarian Prime Minister Viktor Orban on Monday to win his support for Ukraine to join the European Union (EU), a conversation that came after discussions with European leaders who were at the White House, Bloomberg News reported on Tuesday, citing people familiar with the matter. The talk with Orban, one of the staunchest Trump allies in Europe, resulted from the president's Monday deliberations with European leaders who were in Washington, along with Ukraine's President Volodymyr Zelensky. The top European officials asked if the president could utilize his sway over the Hungarian prime minister to force the nationalist leader to do away with his opposition to Ukraine's joining the EU, a goal Kyiv has long sought, the outlet reported. Hungary expressed willingness to host the next summit, featuring both Zelensky and Russian President Vladimir Putin. Trump has backed the idea of a Putin-Zelensky summit, after which a trilateral meeting would take place between the two leaders and the U.S. president. The location and timing for the meeting are unclear. The White House is eyeing a trilateral meeting between Trump, Putin and Zelensky in Budapest, Politico reported on Tuesday, citing a White House official and another person close to the administration. Orban, who has a warm relationship with Putin, has tried to block or delay the EU's attempts to send weapons to Ukraine in the past, along with, at times, objecting to sanctions against the Kremlin. Neither the White House nor Orban's office has commented on the call. Orban said on Tuesday on Facebook that Ukraine's membership in the EU 'does not provide any security guarantees,' therefore, 'linking membership with security guarantees is unnecessary and dangerous.' Trump's call with Orban came the same day as the president's discussion with Putin, which lasted about 40 minutes and took place without European leaders or Zelensky being in the room with the commander-in-chief. The gathering of European officials and Zelensky in Washington on Monday came just days after Trump, along with Secretary of State Marco Rubio and special envoy Steve Witkoff, met with Putin, alongside two other Russian officials, on Friday in Alaska. Rubio now leads the recently formed joint commission that will work on drafting a security guarantees proposal for Ukraine. The commission is made up of U.S., European, Ukrainian and NATO officials. Trump, who has pushed to end the Russia-Ukraine war, the conflict that has raged for about three-and-a-half years, signaled openness to providing air support for Ukraine as part of security guarantees. 'We're willing to help them with things, especially, probably, if you talk about by air because nobody has stuff we have,' the president said Tuesday.