In a historic shift, the European Union has imposed sanctions against Communist China for the first time in more than thirty years. Brussels froze Chinese assets and sanctioned four senior Chinese officials for their role in human rights violations inside China -- the first measure of its kind since the end of the Cold War.
While the Trump administration takes tough measures to limit Chinese state-run companies' access to U.S. technology and market, the European Union is in the final stages of signing a major investment pact with Beijing by the end of 2020.
With mainstream news outlets tripping over themselves to declare Democratic candidate Joe Biden the winner of the U.S. presidential election, rogue states, terrorists, and hostile foreign powers are breathing a sigh of relief. Ignoring President Donald Trump's legal challenge in several battleground states, they cheered the media-orchestrated coronation of the Biden-Harris ticket.
Britain's Prime Minister Boris Johnson on Saturday accused the European Union of threatening a food blockade of the country if it failed to agree to the 'divorce' terms imposed by Brussels. "We are now hearing that, unless we agree to the EU's terms, the EU will use an extreme interpretation of the Northern Ireland protocol to impose a full-scale trade border down the Irish Sea," the British prime minister wrote in an op-ed for the Daily Telegraph.
European Union economies have taken a big hit in the wake of the Wuhan coronavirus pandemic, registering their biggest decline in recent history. The eurozone economies, comprising of 19 out of 27 EU member states, reported an annualized GPD decline of 40.3 percent, higher than the annualized drop of 32.9 percent registered in the United States.
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