Hosuk Lee-Makiyama
@leemakiyama
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@ECIPE director & @LSE Fellow. On diplomacy, trade & tech. Ex @SweMFA to @UNGeneva @WTO @EUCouncil
On an Airbus 350
Joined February 2009
Measuring defence spending as a percentage of GDP is the best deception tool that military contractors have ever invented.
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China Mobile just allocated 400.000 new 5G sites (roughly 10% of total national rollout). This allocation alone (for one operator) is almost 10x the number of sites in all of Germany. Surprisingly high share given to EU vendors, roughly 20%.
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Look tomorrow at the vast catalogue of unprecedented deliverables between the EU and Japan. Compare them to the EU-China commemorative summit the day after, in dire straits despite its grand promises. There's a lesson of historical importance here.
Touchdown in Osaka!. The 🇪🇺🇯🇵 Summit tomorrow is timely. The world is changing rapidly. For partners like us, it means becoming even closer to face the realities of our time. And shape a world that reflects our values:. Open economies. Secure societies. And fair rules.
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RT @JohanForssell: @MagnusRanstorp Det tror jag verkligen du har helt rätt i. Vi måste även ställa ökade krav på föräldrar att ge sina barn….
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A good reminder by @RoyLee_TWMOFA. Do I dare to remind everyone that, legally speaking, it’s not a matter of Taiwan’s status but who we recognise as successor state of Qing Empire? ROC has never relinquished its claim on all of China.
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A part of ”tacit understanding” is the plausible deniability. You are not supposed to admit there was a quid pro quo. If you don’t understand diplomacy was invented for your own good, I can’t help you.
Beijing embarrasses the Trump team. ➡️ Trump Admin: We gave up the H20 as part of trade talks. It’s not a unilateral concession for nothing. ➡️ Beijing (effectively): The H20 was not part of the trade talks. Thank you for your proactive unilateral concession.
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Easy to arrive at that conclusion if you’ve never worked in business.
The US president is pushing Europe to drop aspects of its digital rules. Europe is right to hold firm: there is little sign that digital policies are a priority for Trump. 🆕 @CER_EU insight by @ZachLMeyers. Read here:
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Things do move forward under the radar, albeit slowly.
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China lifts sanctions on MEPs in the first step towards normalisation. Credit due to Metsola, who succeeded where wonks and bean counters failed. But perhaps most of all, a recognition for @vonderleyen. She kept her word. That’s all you need to know.
scmp.com
The move is seen to lead to new engagement between European Parliament and China’s National People’s Congress, which have not met since 2018.
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And the nature of politics.
Trump’s entirely capable of firing the Fed chair and wrecking the dollar to distract from his close friendship with a criminal sex abuser. That’s the nature of the man.
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RT @Dicker_JJ: Uber has no cars. Airbnb has no hotels. State has no diplomats. This is the new economy.
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RT @leemakiyama: This breaks the silence on what insiders have known for a while. EU taxes are coming, starting with tobacco. Other product….
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Surprising how so many commentators believe the EU is sleepwalking just because they don’t know what’s actually going on.
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Told you so (ten months ago): First to break the story in media: ht @alicemhancock.
ft.com
Annual charge would hit groups with net turnover of €50mn or more, according to leaked European Commission proposal
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I don’t preclude the EU will consider its own Section 899, (provision in BBB for punitive taxes on subsidiaries from adversarial countries). Just saying: A 10% corporate income tax collected from US subsidiaries in the EU (paid to Brussels of course) pays off a 30% tariff.
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The purpose of Trump’s letter is to rile up the Germans + EU industry so they’ll push the negotiators into making concessions. The letter just extends the deadline without saying it – and politely reminding everyone that the US is indifferent whether there’s a deal or tariffs.
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Beautiful. It would have fitted perfectly into a @_margarethowell advertorial in FT’s @htsi in 2025.
Advertising photo by Zinas Kazenas for Gintaras Hotel, Vilnius, Lithuania, 1966.
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Then I would say it works as intended.
Trump seems to be imploding: his coercive threats are not working with anyone but Europe, his promises of accountability for the elites collapsed with Epstein, inflation and recession starting to bite….
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