Jan 29, 2018

EU warns it will retaliate if Trump starts a trade war

Photo: Nicholas Kamm / AFP via Getty Images

The European Union said Monday that it is prepared to “react swiftly and appropriately” if President Trump takes retaliatory measures on what he deems "very unfair" trade policies in the EU, reports AP.

Why it matters: The EU's warning highlights the stark difference between Trump's approach to trade and his predecessor's. Under Barack Obama, the U.S. and EU worked to create "a massive free trade zone" — an effort that crumbled once Trump began promoting trade deals in line with his America First agenda.

Trump, less than 24 hours ago: “I’ve had a lot of problems with European Union, and it may morph into something very big from that standpoint, from a trade standpoint,” Trump said in an interview with Piers Morgan.

Response from EU chief spokesman Margaritis Schinas: "The EU stands ready to react swiftly and appropriately in case our exports are affected by any restrictive trade measure from the United States... while trade has to be open and fair it also has to be rules-based.”

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Bob Iger stuns media world with sudden departure as Disney CEO

Photo: Jeff Kravitz/FilmMagic

In a move that shocked the media industry, Bob Iger said Tuesday he would step down from his role as CEO of the Walt Disney Company after leading the entertainment giant to unprecedented success during his 15-year run in the job.

Why it matters: Iger is credited with having successfully led Disney through a series of risky but highly-successful acquisitions that not only solidified the company's entertainment dominance, but also ultimately reshaped the entire media landscape.

Sanders hits new stratosphere of online interest

Data: NewsWhip; Chart: Chris Canipe/Axios — Note: Hover over the weekly rank on desktop to see articles and interactions for each candidate and issues.

For the second straight week, Bernie Sanders has hit the high watermark for online attention in the Democratic primary, according to data from NewsWhip provided exclusively to Axios.

Why it matters: It's not just quantity. The sentiment of the top stories about Sanders has been more positive than his top Democratic rivals — particularly Michael Bloomberg, whose recent online attention has been overwhelmingly negative.

Global coronavirus cases spread as U.S. soldier tests positive in South Korea

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

A 23-year-old American soldier stationed at Camp Carroll in South Korea has tested positive to the novel coronavirus, as the outbreak spreads to more countries.

The big picture: COVID-19 has killed more than 2,700 people and infected over 81,000 others. By Wednesday morning, South Korea had the most cases outside China, with 1,146 infections. Europe's biggest outbreak is in Italy, where 322 cases have been confirmed.

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