G-7 leaders pick infrastructure as their strongest united bet against China
Speaking of Canada and China, a senior Canadian official tells us that Johnson invited Trudeau to lead the group’s discussion on its approach to Beijing given Ottawa’s experience dealing with the sensitive cases of Kovrig and Spavor.Who follows politics and doesn’t have whiplash these days? I think the leaders have pretty good shock absorbers — they are where they are because they know how to handle gamesmanship. I’m surprised the Brits let the Brexit fight get this out-of-control, however.
All know they need to address the risk of industries fleeing to countries with weaker regulation, and the EU will push the issue — Brussels is expected to roll out in July a carbon border tariff — even though U.S. climate envoy John Kerry has asked them to back off. Japanese government spokesman Tomoyuki Yoshida said the EU’s plans to tax carbon imports were “one of the quite controversial, heated discussions among the concerned parties.
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