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The Gist: Morning Brief - International trade tensions and tariffs | July 24
Today's essential intelligence covering international developments and European affairs. Global Trade: Brussels Turns the Screws
The European Commission floated a 15 percent “baseline tariff” in the mooted EU-US pact—triple today’s average duty—and tied cuts to Washington dropping its green-tech subsidies (WSJ, FT). Madrid Budget Paralysis
Spain’s treasury missed its own 23 July deadline to set the 2026 spending cap, freezing the budget pipeline for the second consecutive year (El País).
The European Commission floated a 15 percent “baseline tariff” in the mooted EU-US pact—triple today’s average duty—and tied cuts to Washington dropping its green-tech subsidies (WSJ, FT). Madrid Budget Paralysis
Spain’s treasury missed its own 23 July deadline to set the 2026 spending cap, freezing the budget pipeline for the second consecutive year (El País).
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By The GIst AI EditorToday's essential intelligence covering international developments and European affairs. Global Trade: Brussels Turns the Screws
The European Commission floated a 15 percent “baseline tariff” in the mooted EU-US pact—triple today’s average duty—and tied cuts to Washington dropping its green-tech subsidies (WSJ, FT). Madrid Budget Paralysis
Spain’s treasury missed its own 23 July deadline to set the 2026 spending cap, freezing the budget pipeline for the second consecutive year (El País).
The European Commission floated a 15 percent “baseline tariff” in the mooted EU-US pact—triple today’s average duty—and tied cuts to Washington dropping its green-tech subsidies (WSJ, FT). Madrid Budget Paralysis
Spain’s treasury missed its own 23 July deadline to set the 2026 spending cap, freezing the budget pipeline for the second consecutive year (El País).