Bedugul Coffee: Thursday Morning Briefing: Sun isn't shining for U.S. solar after Trump tariffs

united states

Trump’s tariff on imported solar panels has led U.S. renewable energy companies to cancel or freeze investments of more than $2.5 billion in large installation projects, the developers told Reuters. That’s more than double new spending plans announced by firms taking advantage of the tax on imports. Read more from the Trump Effect series.

Mexican tariffs are roiling U.S. congressional campaigns in states where U.S. exporters could take a hit and Trump’s Republicans face tough races in November congressional elections.

The Supreme Court is due to rule by the end of June on the contentious practice called partisan gerrymandering in which state legislators draw electoral maps designed to entrench their own party in power, but states in growing numbers already are taking action to rein in the politicians.

The Federal Reserve will likely raise its target interest rate to above the rate of inflation for the first time in a decade next week, igniting a new debate: when to stop.

World

With missile tests, nuclear threats and ruthless destruction of opponents, North Korean leader Kim Jong Un has been an ominous presence hanging over the South. These days, however, customers at a cafe in the center of South Korea can find an image of the North Korean leader staring up at them from their coffee cups.

Since the 2008 financial crash, the real decision-making body for international affairs should have been the broader G20, although this group has often itself proved dysfunctional, writes Peter Apps. The G7, however, offers a different opportunity – a chance for those in charge to battle over an even larger question: what the democratic West and its allies, particularly Japan, really want. What do they offer the world, and how can they defend those values?

Sarah Dadouch

@SarahDadouch

A U.N. peace plan for #Yemen calls on the #Houthi movement to give up its ballistic missiles in return for an end to a bombing campaign against it by a #Saudi-led coalition & a transitional governance agreement

8:23 AM - June 7, 2018

Reuters

@Reuters

Two @Reuters journalists have been detained in Myanmar for 178 days. Follow updates on the case: https://reut.rs/2LwQ2m7

11:53 AM - June 7, 2018

Sponsored by Barclays: Automation’s delayed economic impact Workplace automation is increasing, yet key economic indicators seem unaffected. Why aren’t unemployment, wages and productivity responding? Find out.

world at work

Southeast Europe targets luxury brands' fast fashion catchup

Bulgaria, Romania and other countries in the Balkan region have established a foothold in the luxury market and fashion houses from Paris and Milan are quietly building a bigger presence as they feed demand for a quicker turnover of styles.

7 min read

College pay-off seems elusive for many U.S. young people

A study by the Federal Reserve published in May found that half of people under 30 with bachelor's degrees wonder if the money they spent on college was worth it. It is evidence that the generation that finished college right after the Great Recession is turning into the “lost generation” some economists predicted a decade ago. Read more from the World at Work series.

5 min read