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A revised take on U.S. Steel tariffs and new discourse about pushing back against China highlights this week’s news. Certain pundits in Europe are arguing that EU nations can’t afford to be quite as confrontational as the US. And in other news, there’s a plan to charge a “Traveler’s Tax” on non-EU travelers to Europe.

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WTO Backs EU Tariffs

Finally, a WTO ruling on retaliatory tariffs against subsidies for Boeing. The ongoing COVID -19 crisis has exposed a underlying weakness in JIT supply chain management, and many companies are waiting on the results of the US election to provide guidance. The EU faces off against a post-Brexit Britain.