🇪🇺 EU pushes ‘Buy European’ quotas in major plan to revive industry

The European Commission is planning to introduce “Made in the EU” quotas and carbon product labels as it tries to revive ailing manufacturers while hitting climate targets.

The proposals are laid out in a draft of the Commission's Clean Industrial Deal, obtained by POLITICO ahead of its Feb. 26 unveiling. The document offers the EU executive’s grand strategy for weaving together the bloc’s efforts to decarbonize and revitalize its heavy industry, setting out the steps it plans to take in the coming years.

The plan lands at a precarious political moment. European manufacturers in sectors such as steel and cement say excessive bureaucracy and high energy costs are leaving them unable to compete with the U.S. and China. Exacerbating the problem, both Washington and Beijing are spending lavishly on their companies, with new President Donald Trump in particular employing a “Buy American” rhetoric.

https://www.politico.eu/article/eu-europe-major-plan-industry-clean-industrial-deal-climate-targets-donald-trump/

📈 Gold closes at an all time high above $2,930 as another 160,000 oz of physical gold are delivered to Comex vaults, bringing total to 37.6 million troy oz, with "big 3" vaults at all time high

https://fxtwitter.com/zerohedge/status/1891972365510177266

🇺🇸🇲🇽 The U.S. has officially declared the following as Foreign Terrorist Organizations:

Tren de Aragua, MS-13, the Sinaloa Cartel, the Jalisco New Generation Cartel, the United Cartels, the Gulf Cartel, the Northeast Cartel, and the Michoacán Family.

⛓️‍💥 Rapid Response 47