FT News Briefing Monday, January 6
Jan 6, 2020
Tensions are rising as France signals potential backlash against U.S. tariffs targeting tech giants. The political landscape in the UK heats up with Boris Johnson seeking expedited trade talks due to Brexit. Spain inches closer to a historic coalition government following a key parliamentary vote. Meanwhile, the U.S.-Iran relationship is on shaky ground after the assassination of Qassem Soleimani, complicating diplomatic ties and military strategies in Iraq. It’s a whirlwind of international developments that could change the global stage.
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International Tax Dispute
- France warns the US against retaliatory tariffs for its digital services tax.
- Several other countries plan similar taxes, broadening the conflict's scope.
Brexit Trade Deal
- Boris Johnson aims to expedite Brexit trade talks with the EU, rejecting extensions.
- He seeks a tariff/quota-free deal but acknowledges potential WTO terms if unsuccessful.
Spanish Coalition Government
- Spain moves closer to its first modern coalition government with a parliamentary vote.
- Despite opposition, the Socialist party and Podemos party look set to govern together.