No Tariffs, No Reforms U.S. President Donald Trump has urged the EU to join him in imposing tariffs on China and India for purchasing Russian oil. EU officials have signaled they are disinclined to use tariffs, but may be willing to impose sanctions on the companies that transact the oil. Sanctions have not worked thus far but something is better than nothing. Meanwhile, former Italian prime minster Mario Draghi appeared with EU Commissioner President Ursula von der Leyen before the European Parliament and noted how few of his suggested economic reforms have been adopted. Ominously, he told the Parliament, that Europe is in “a harder place…Our growth model is fading. Vulnerabilities are mounting. And there is no clear path to f...

TAGS – North America, Macroeconomics