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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

Dave Lawler, author of World
2 hours ago - World

Venezuela's predictable elections herald an uncertain future

The watchful eyes of Hugo Chávez on an election poster in Caracas. Photo: Cristian Hernandez/AFP via Getty

Venezuelans will go to the polls on Sunday, Nicolás Maduro will complete his takeover of the last opposition-held body, and much of the world will refuse to recognize the results.

The big picture: The U.S. and dozens of other countries have backed an opposition boycott of the National Assembly elections on the grounds that — given Maduro's tactics (like tying jobs and welfare benefits to voting), track record, and control of the National Electoral Council — they will be neither free nor fair.

Biden plans to ask public to wear masks for first 100 days in office

Joe Biden. Photo: Mark Makela/Gettu Images

President-elect Joe Biden told CNN on Thursday that he plans to ask the American public to wear face masks for the first 100 days of his presidency.

The big picture: Biden also stated he has asked NIAID director Anthony Fauci to stay on in his current role, serve as a chief medical adviser and be part of his COVID-19 response team when he takes office early next year.

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