Food and IT Arrogance The EU was supposed to issue an updated “protein strategy” early this year but it has been postponed until perhaps late this summer. Its political leaders are flustered that two-thirds of the Continent’s high-quality protein and most of its soybeans are imported. They hope to use government support to quickly boost the domestic soybean production area by 70 percent. They cite food security, though they expressed umbrage when the U.S. declared national security when imposing tariffs on steel and aluminum. Europe had no trouble finding plant protein supplies during COVID, or due to the war in Ukraine. In fact, they block some food imports from Ukraine.  Now there is also a demand for AI autonomy...

TAGS – Europe, North America, Macroeconomics