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albertonardelli.bsky.social
Reporter at Bloomberg. In Europe, mostly. I have strong opinions about food and football. DM for Signal.
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The EU is working on a proposal to introduce restrictions on some exports to the US as a possible countermeasure to Trump's tariffs if trade negotiations fail to achieve a satisfactory outcome www.bloomberg.com/news/article...

Latest on EU-US trade talks www.bloomberg.com/news/article...

The Trump administration is sending an early signal in its negotiations: The tariffs are here to stay. Great reporting by my @bloomberg.com colleagues @albertonardelli.bsky.social & @jorgevalero.bsky.social on message sent to the EU's trade delegation on Monday. www.bloomberg.com/news/article...

The US has blocked a G7 statement to condemn Russia for its Palm Sunday missile attack on Ukraine's city of Sumy, which killed at least 35 people and injured over 100, including children. www.bloomberg.com/news/article...

As the US turns inwards, the EU is looking to expand its €2 trillion network of trade agreements and build new partnerships with countries around the world www.bloomberg.com/news/article...

Trump paused *some* tariffs. EU still facing 25% on steel and aluminium, including derivative products, 25% on cars and some parts, 10% on pretty much everything else — and more, eg on pharma, likely to come.

A highly recommended read

Most Trump tariff rates seem to be trade deficit with a particular country / US imports from that country, then divided by two. The USTR explanation to justify that result reminds me of school when you use a calculator but then have to “show your workings” ustr.gov/issue-areas/...

EU plans potential emergency measures to shield economy from Trump tariffs www.bloomberg.com/news/article...

A couple of years old now but if like me you’re late to it and hadn’t yet watched the Italia 90 documentary on Sky, do. It’s magnificent.

A bipartisan group of senators is readying a bill to sanction Russia if Moscow refuses to negotiate a peace agreement or breaches it. Proposals include 500% tariff on countries that buy Russian oil, natural gas and uranium www.bloomberg.com/news/article...

EU plans ‘term sheet’ for negotiations with the US after next week’s Trump tariffs hit, which would cover areas for talks, including lower tariffs, investments, as well as several regulations and standards www.bloomberg.com/news/article...

NEW: Russia is scheduled to receive acids critical to manufacturing explosives, gunpowder and other propellants from fertilizer companies that have mostly escaped international sanctions, according to internal planning documents obtained by Bloomberg www.bloomberg.com/news/article...

NEW The moment is now approaching where Donald Trump faces a choice: stand up to Putin or make major concessions to Russia to stop the fighting, senior European officials said. State of play with @albertonardelli.bsky.social and team >>> www.bloomberg.com/news/article...

“This will be great for the champagne businesses in the US”

EXCLUSIVE — Vladimir Putin has made deliberately maximalist demands ahead of negotiations to end the war in Ukraine, which he knows are likely to be unacceptable to Kyiv and Europe, Western security officials told Bloomberg. With @albertonardelli.bsky.social www.bloomberg.com/news/article...

NEW: US Presses Ukraine for Quick Ceasefire to Go With Minerals Deal With @albertonardelli.bsky.social www.bloomberg.com/news/article...

MASSIVE FISCAL PACKAGE OUT OF BERLIN: 12-20%+ of GDP. - 500 billion fund for public investment - All defence spending above 1% of GDP not counted for debt brake. - Federal states can borrow 0.35% p.y. for investment. Germany is back - economically and militarily. 1/x

It is an investment fund meant to stimulate the economy. Defence expediture above 1% GNP will not count against the public borrowing limit. This means Defence expenditure will be as high as necessary and as Government decides. First the old Parliament needs to amend the Constitution accordingly.

Some facts: - Ukraine wants to sign minerals deal - Ukraine and Europeans want a lasting peace deal. Macron & Starmer have repeatedly said this - Open to a truce in the short term (Macron has said this) provided it is followed by security guarantees (bulk of which are European) with a US backstop

💥 Former Stasi agent and close friend of Putin, Matthias Warnig has been engineering a deal with US investors to restart Russia’s Nord Stream 2 gas pipeline to Europe, a once unthinkable move that shows the breadth of Donald Trump’s rapprochement with Moscow. www.ft.com/content/dc9c...

Trust and alliances underpinned by shared values have long been core to relations between Europe and the US — But something snapped this week www.bloomberg.com/news/article...

Exclusive with @albertonardelli.bsky.social UK Plans European Leaders’ Meeting to Talk Ukraine and Defense Could be as soon as Sunday to debrief Trump convos www.bloomberg.com/news/article...

The US is pushing its allies to block a Ukrainian resolution at the UN to condemn Russia’s war of aggression and uphold principles such as sovereignty and territorial integrity www.bloomberg.com/news/article...

❗️NEW EU estimates that 1st wave of’s steel&aluminum tariffs will hit as much as €28bn of bloc’s exports, we’re told - Sefco also told EU ambassadors yesterday that no negotiations in DC, just 1st contact/explanations (incl. VAT) - w @albertonardelli.bsky.social www.bloomberg.com/news/article...

EU in talks for €20 billion military aid package for Ukraine www.bloomberg.com/news/article...

The Trump administration is weaponising free speech in fight with EU over tech regulation www.bloomberg.com/news/article...

NEW: EU floats initiative to provide Ukraine more military support www.bloomberg.com/news/article...

europa.eu/!NQn6fg Things you always wanted to know about the EU-US trade & investment relationship, about “reciprocal” tariffs, whether VAT is a tariff (spoiler alert: no) - have a look👇

"This was a case that was a million miles away from doping," Wada general counsel Ross Wenzel told BBC Sport. "The scientific feedback that we received was that this could not be a case of intentional doping, including micro-dosing." www.bbc.co.uk/sport/tennis...

Ukraine calls on Europe to nominate a representative for potential peace negotiations www.bloomberg.com/news/article...

In this bonus episode of Trumponomics, recorded at the Munich Security Conference, @albertonardelli.bsky.social and I talk to Stephanie Flanders about Trump’s pivot on Ukraine, Europe’s response, and what it all means for transatlantic relations. open.spotify.com/episode/6NWW...

Hallo, München

Interesting deep dive by @albertonardelli.bsky.social et al on the coming costs for Europe. www.bloomberg.com/news/feature...

The price of peace in Europe: political will and $3 trillion www.bloomberg.com/news/feature...

The price of peace in Europe: political will and $3 trillion www.bloomberg.com/news/feature...

This is a really interesting story www.bloomberg.com/features/202...

I'm hearing a lot from the media NGO sector about the impact of USAID cuts. A lot of small investigative media organisations across the globe are facing imminent closure as the funding they've budget for has vanished overnight, and the funder community has no capacity to absorb the shock.

US expected to present Trump’s plans to end Russia’s war against Ukraine to allies next week, Kellogg expected to visit Kyiv later this month www.bloomberg.com/news/article...

NEW from me and Anthony Cormier: Behind DOGE’s Standoff at USAID: Desk Searches and Elon Musk Calling 🎁 Link www.bloomberg.com/news/article...

Bloomberg alert: *MEXICO'S SHEINBAUM SAYS TARIFFS DELAYED FOR A MONTH

NEW: Raiffeisen Bank clients in Russia supplied companies in Putin’s military industrial complex, according to bank statements, invoices and other documents reviewed by Bloomberg www.bloomberg.com/news/article...

Greek PM Kyriakos Mitsotakis, writing in @financialtimes.com, calls for defence spending to be excluded from EU deficit rules, €100bn+ in new joint financing, & big shared military projects “If our union is to remain a pole of peace & stability… There is no time to lose” www.ft.com/content/94d1...

USAID website goes dark, officials suspended, as future of US financial assistance and soft power in doubt www.bloomberg.com/news/article...