Trade Dispute Between EU and China Resolved

New Zealand's new resources minister revoked the ban on oil and gas exploration, citing issues with heating and unpaid bills due to the ban, emphasizing the need for secure energy sources. The UK government announced plans to grant new oil and gas licenses while investing in renewables to boost energy security and attract investors amidst global price volatility. EY's survey highlights the importance for Europe to address political instability, reduce red tape, and stabilize energy prices to attract foreign direct investment, especially amidst populist sentiments and economic challenges. A trade dispute between the EU and China over solar panels and wine imports showcases the complexities of global trade relations and strategic economic measures employed by countries. Professor Richard Wolff discusses the impact of tariffs on workers and the continuous shifts between free trade and protectionism in capitalism, emphasizing the importance of understanding the political economy of tariffs.