Overseas Headlines – December 31, 2020

United States:

U.S. Adjusts Tariffs on EU Goods Hit in Airbus, Boeing Fight

“The Trump administration imposed tariffs on additional products from the European Union as part of a long-running dispute over subsidies to aircraft makers Airbus SE and Boeing Co. In November, the EU instituted duties on some $4 billion in goods from the U.S. after gaining approval from the World Trade Organization. A year earlier, the U.S. sanctioned about $7.5 billion in imports from the EU including French wine and Scotch whisky.”



U.K. Tells Public to Stay Home for New Year’s Eve Celebrations

“Everyone in England should stay at home when they celebrate the New Year on Thursday night, the U.K. government said. People should act as if they have Covid-19 to avoid spreading the virus, ministers said as they launched a publicity campaign warning of the rapid rise in infections and the pressure on the National Health Service.”



Singapore Sees Uneven Recovery in 2021 After Worst-Ever Downturn

“After suffering its worst economic downturn since independence, Singapore is expecting to see a rebound in 2021, Prime Minister Lee Hsien Loong said Thursday, echoing other top officials to caution that the recovery will be uneven. “Economically, we are not yet out of the woods either, but we are beginning to see signs of stabilization,” with employment picking up and multinational firms making new investments, Lee said in a New Year’s address. “We look forward to a rebound in 2021, although the recovery will be uneven, and activity is likely to remain below pre-Covid-19 levels for some time.”



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