Egypt-Palestinian Authority Deal on Gaza Gas Fields Likely Won’t Serve Palestinians, but Israel Instead

Reports have emerged indicating that a deal between the Palestinian Authority and Egypt, over the extraction of natural gas that is located off the coast of the besieged Gaza Strip, could be within reach. Although this has been hailed as a positive development by Ramallah and Cairo, the issue could cause more harm than good and amount to the theft of Palestinian resources.

Egypt-Palestinian Authority Deal on Gaza Gas Fields Likely Won’t Serve Palestinians, but Israel Instead

New US strategy in Africa: serious program or another bluff?

On October 12, just a couple of months before the loudly announced US-Africa summit, the White House released a rather lengthy document, “The US Strategy toward Sub-Saharan Africa”. It defines Washington’s main objectives on the African continent, and details the goals it intends to pursue and the mechanisms of cooperation.

New US strategy in Africa: serious program or another bluff?

EU foreign ministers pledge to train 15,000 Ukrainian troops for war with Russia

Yesterday, European Union (EU) foreign ministers met at a summit in Luxembourg and pledged a massive escalation of their participation in the NATO war on Russia in Ukraine. This decision confirms that EU countries are at war with Russia and, by the admission of top EU officials, raises the danger of direct military conflict between EU states and Russia.

EU foreign ministers pledge to train 15,000 Ukrainian troops for war with Russia

Canadian, US Warplanes Land In Haiti With Military Equipment; Locals Warn Of ‘Foreign Invasion’

Haiti, the most impoverished country in the Americas, has erupted in political unrest, with reports in western media suggesting that a criminal coalition is obstructing the distribution of gasoline and diesel.

Canadian, US Warplanes Land In Haiti With Military Equipment; Locals Warn Of ‘Foreign Invasion’

Related:

Video: Haitians Demonstrating Against Henry, US-Canadian ‘Invasion’ Ignored by Western Media

Policies Matter: Volkswagen, Mercedes, & Hyundai React To Inflation Reduction Act

Policies Matter: Volkswagen, Mercedes, & Hyundai React To Inflation Reduction Act

In June, Johan DeNysschen, the COO of Volkswagen of America, told Bloomberg his company is considering the construction of a battery manufacturing facility in North America. That would satisfy the requirement in the Inflation Reduction Act that batteries are manufactured in the US or other countries that are approved trading partners. According to the current North American free trade agreement, American trade officials consider anything made in Canada or Mexico to be domestically produced.

But manufacturing is one thing, The IRA goes further and requires the materials used to manufacture products also be sourced from approved trading partners. Canada is certainly one of them.

Then the roof fell in. The IRA only applies to vehicles built in the US, and that Georgia factory was not scheduled to be up and running until 2025. Two weeks ago, Hyundai and Kia vehicles imported from South Korea were eligible for the federal EV tax credit of up to $7,500. After the IRA was signed into law, they are eligible for nothing. The South Korean government is considering bringing the matter to the World Trade Council, but according to Reuters, Hyundai will now speed up construction of its new Georgia factory.

In the final analysis, that may be a good thing for America. Globalization left many countries like the US vulnerable to the machinations of crooks, thieves, and lunatics. The cheapest solution is often not the best solution.

Interesting that South Korea isn’t an “approved trading partner”. Then again, they’re not part of the USMCA. I suppose this is good for bringing some jobs to America.