The European Central Bank (ECB) headquarters on July 25, 2019. Photo: Arne Dedert/picture alliance via Getty Images

European Union officials have a drafted 2 separate plans to "slap unilateral tariffs" on U.S. goods, block Chinese companies from engaging financially with Europe, and fortify European tech companies in competition with U.S. and Chinese firms, Politico reports.

Why it matters, via Axios' Sara Fischer: Europe’s aggressive regulatory policies have hindered its technology sector from being able to compete with American and Chinese companies on the world stage. With Brexit as a backdrop, European officials are under enormous pressure to resurrect the corporate sector.

The big picture: It's not clear if the measures will actually find support, per Politico, but the plans do suggest the EU is ready to make interventionist economic moves without the influence of the United Kingdom as it prepares for an October Brexit.

Details: Under the EU's plans, U.S. goods would be tariffed if the Trump administration successfully blocked judges from the World Trade Organization's primary trade arbitration court. The plans also call for increased regulations for social media and "new transparency rules governing online political advertising."

Go deeper: European officials draft radical plan to take on Trump and U.S. tech companies

Go deeper

How "naked ballots" could upend mail-in voting in Pennsylvania

Trump signs in Olyphant, Penn. Photo: Eric Baradat/AFP via Getty Images

Pennsylvania's Supreme Court ordered state officials last week to throw out mail-in ballots submitted without a required inner "secrecy" envelope in November's election, the Philadelphia Inquirer reports.

The state of play: The decision went under the radar alongside the simultaneous decision to extend the time that mail-in ballots could be counted, but Philadelphia's top elections official warned state legislators this week that throwing out so-called "naked ballots" could bring "electoral chaos" to the state and cause "tens of thousands of votes" to be thrown out — potentially tipping the presidential election.

Commission releases topics for first presidential debate

Moderator Chris Wallace. Photo: Drew Angerer/Getty Images

Fox News anchor Chris Wallace has selected what topics he'll cover while moderating the first presidential debate between President Trump and former Vice President Joe Biden next week.

What to watch: Topics for the Sept. 29 debate will include Trump and Biden's records, the Supreme Court, COVID-19, economic policy, racism and the integrity of the election, the Commission for Presidential Debates announced on Tuesday. Each topic will receive 15 minutes of conversation and will be presented in no particular order.

Fed chair warns economy will feel the weight of expired stimulus

Treasury Secretary Steven Mnuchin and Fed Chair Jay Powell bump elbows before House hearing on Tuesday. Photo: Joshua Roberts/Pool/AFP via Getty Images

Federal Reserve Chairman Jerome Powell told the House Financial Services Committee on Tuesday that the expiration of Congress' coronavirus stimulus will weigh on the U.S. economy.

Why it matters: Powell warned that the effects of dried-up benefits are a looming risk to the economy, even if the consequences aren't yet visible.

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