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Ola!
Curse and Coffee friends,
Today, we explore how Europe is being blackmailed by the US.
Hit reply and let us know what you think (we read all of your kind words).
Coffee at the ready…
The Big Sip
The take: The US is using steel tariffs to stop Europe from regulating Google. That's not a metaphor. It really happened.
What happened: Commerce Secretary Howard Lutnick walked into a room of EU trade ministers and made an offer. We’ll drop the 50% steel tariff if Brussels backs off on Big Tech. Nice digital regulations you've got there. Shame if something happened to your car industry.
Why it matters: Europe fined Apple, Meta, and Google €3.65 billion this year. Washington wants it to stop. German factories are the hostages.
What to watch: Whether Brussels fires back with its "anti-coercion instrument"—a trade weapon built for precisely this kind of shakedown.
Steel mills defending ad algorithms. Welcome to trade policy in 2025.
Sponsor Break
Before we slurp into today’s brew…
Here are some wordies from today’s sponsor.
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