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The world-first policy would ban imports into the EU of cocoa, palm oil and other commodities linked to forest destruction, requiring foreign exporters of these commodities to provide due diligence statements proving their products did not contribute to forest destruction.
Since Russia's 2014 annexation of Crimea and its 2022 full-scale invasion of Ukraine, US strategies have designated Moscow as a major threat. However, the updated US policy, announced on Friday, adopts a softer tone, urging limited cooperation.
Elon Musk's social media company X was fined 120 million euros (US$140 million) by EU tech regulators on Friday for breaching online content rules, the first sanction under landmark legislation that once again drew criticism from the US government.
EU regulators launched an antitrust investigation into Meta Platforms on Thursday and may even temporarily halt its rollout of artificial intelligence features in its WhatsApp messenger that would block rivals, hardening Europe's already tough stance on Big Tech.
While EU authorities would deny that protectionism is the main motive and would point instead to what they deem to be unfair trade practices on Indonesia’s part, the duties in effect protect EU-based steelmakers and rapeseed biodiesel producers.
