Davos: Reeves urges leaders to keep cool heads over tariff threat in free trade call – business live

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Rachel Reeves, the UK chancellor of the exchequer, is now speaking at a Bloomberg session just outside the WEF congress centre.Asked about the tariff threats from the US, Reeves says that she would urge everyone to keep cool heads.The chancellor cites the trade deal between the US and UK which has brought down tariffs (although Trump is threatening to put them up again, and that deal was actually frozen in December).She also points to other trade deals either signed off or under negotiation, such as with India and South Korea.Reeves tells her audience:I believe in free and fair trade.

Insisting there are benefits for businesses and consumers from open economies, she adds:I want Britain, even in a world where others are putting up barriers to investment, trade and talent, to be bring them down.She then cites the visa shake-up announced overnight.European leaders have lined up to condemn Donald Trump’s “new colonialism”, on the first full day of the World Economic Forum in Davos.They warned that the continent was facing a crossroads as the US president said there was no going back on his goal of controlling Greenland.After weeks of aggressive threats by Trump to seize the vast Arctic island, which is a largely autonomous part of Denmark, Emmanuel Macron, the French president, said on Tuesday he preferred “respect to bullies” and the “rule of law to brutality”.

Macron told WEF that now was “not a time for new imperialism or new colonialism”, criticising the “useless aggressivity” of Trump’s pledge to levy tariffs on countries that opposed a US takeover of Greenland,The US was seeking to “weaken and subordinate Europe” by demanding “maximum concessions” and imposing tariffs that were “fundamentally unacceptable – even more so when they are used as leverage against territorial sovereignty”, he said,Macron was speaking after European Commission president Ursula von der Leyen told WEF that Europe must strengthen its independence,Von der Leyen also pledged an “unflinching, united and proportional” response to Trump’s tariff threat,She was followed by Chinese Vice Premier He Lifeng, who warned against allowing the international order to sink into a “law of the jungle”.

But Canada’s Mark Carney told Davos that the world’s ‘middle powers’ need to work together to build a better world order.He said:“It seems that every day we are reminded that we live in an era of great power rivalry.That the rules-based order is fading.”Carney warned that the world faces “the end of a pleasant fiction and the dawn of a harsh reality of geopolitics” in which the great powers are unconstrained.He also said Canada stood with Denmark and Greenland.

Rachel Reeves, the UK chancellor of the exchequer, told an event in Davos that she would urge everyone to keep cool heads over the US threat of new tariffs.The day began with US treasury secretary Scott Bessent urging Europe not to retaliate against Trump’s threat of 25% tariffs if they oppose his acquisition of Greenland.Bessent said countries and companies should pause and “let things play out”, and accused the media of hysteria for reporting that Europe coud retaliate by selling their holdings of US government debt.We’ll be back tomorrow morning, when Donald Trump will deliver a special address to Davos….Davos attendees should note that the European parliament will freeze ratification of the EU-US trade deal in response to Donald Trump’s tariff threats to European countries who oppose his takeover of Greenland, my colleague Jennifer Rankin reports from Brussels.

The European parliament had been due to vote in the coming weeks on introducing 0% tariffs on US industrial goods, a key part of the deal signed between Ursula von der Leyen and Donald Trump at his Turnberry golf course in Scotland last summer,Senior MEPs on the European parliament’s international trade committee are expected to announce the formal suspension of ratification of the Turnberry deal on Wednesday, following a deal between the largest political groups, a European parliament source said,The writing was on the wall after the leader of the European parliament’s largest political group, the centre-right European People’s Party, announced over the weekend that approval of 0% tariffs for the US must be put on hold,“The EPP is in favour of the EU–US trade deal, but given Donald Trump’s threats regarding Greenland, approval is not possible at this stage,” Manfred Weber said after Trump’s X announcement,Socialists, centrist MEPs and Greens had already called for the deal to be put on hold over Trump’s threats to Greenland.

ENDSAnother punchy quote from Mark Carney today, as he warned that the “rules-based international order” was over:“Middle powers must act together because if you are not at the table, you are on the menu,”Finland’s president Alexander Stubb predicted that the Greenland crisis will likely be “defused” by the end of the week,In an interview on Bloomberg Television here in Davos, Stubb said:“The latest conversations that I’ve had about this subject in the past two to three hours — this is how fast things are changing in the new foreign-policy world — give me a little bit of hope that we’ll find a way,”The BBC’s Faisal Islam has captured the essence of Mark Carney’s speech here:PM Mark Carney implores the world’s middle powers to follow Canadas example:“the old order is not coming back”… “nostalgia is not a strategy”…“There has been a rupture” in the world…”replaced by “a system of intensifying great power rivalry with the most powerful pursue…Q: Will Canada be joining Donald Trump’s Board of Peace?Carney says, diplomatically, that work is needed on the structure of the vehicle,In Canada’s view, he says, it could be better designed to address the immediate needs of Gaza, and needs to be coordinated with the full flow of aid into Gaza.

Delicately, he adds that there are elements of the governance process that could be improved,Q: Will Canada be paying $1bn for permanent membership?We would write cheques and deliver in kind to improve the lives of the people of Palestine, Carney replies, emphasising that Canada is committed to a two-state solution to the issue,Q: Is there an offramp in the Greenland crisis?There is a better outcome that can come from the discussions that have been catalysed, in an unusual way, Carney replies,He adds that Canada is four-square committed to improving security of the Arctic, and working with Nato to achieve it,Carney adds that Russia is, without question, a threat in the Arctic, saying:They are a real threat in the Arctic, one we need to protect against.

They are more of a prospective threat than actual one, and we intend to keep it this way, he adds.Mark Carney then throws his country’s weight behind Denmark and Greenland over the row with Donald Trump.He tells Davos that Canada stands firmly with Greenland and Denmark, adding that its commitment to NATO’s Article 5 (mutual protection) in “unwavering”Carney adds that Canada strongly opposes tariffs threatened on European countries over Greenland, and calls for focused talks to address the issue.Back in the WEF congress hall, Canadian prime minister Mark Carney is delivering the final special address of the (rather long) day.Carney begins by telling his audience, in French, that it is “a pleasure and a duty to be with you at this pivotal moment” that Canada and the world are going through.

And then he drops the hammer, saying we are experiencing:The end of a pleasant fiction and the beginning of a harsh reality.Carney says:It seems that every day we are reminded that we live in an era of great power rivalry.That the rules-based order is fading.He says it is reminiscent of the famous quote from ancient Greek historian Thucydides, that the strong do what they can, and the poor must suffer what they must.Faced with this logic, there is a temptation for countries to comply to buy safety, he says, but warns that it won’t work.

He cites an essay from Václav Havel, the Czech dissident, from 1978 called the power of the powerless, asking how did the communist system sustain itself,That essay explained how a shopkeeper put up a sign declaring “Workers of the world, unite!”, even though he didn’t believe it,Taking it down undermined the communist system,To applause, Carney declares:Friends it is time for companies and countries to take their signs down,He then explain that, for decades, countries such as Canada prospered under the rules-based global order,It allowed them to pursue values-based foreign policy under its protection.

But Carney says, we always knew that the story was partly false, confessing:We participated in the rituals, and avoided calling out the difference between rhetoric and reality.He then explains how crisis in finances, health, and geopolitics have led to a situation where great powers are using economic tools as weapons.And, he warns, that the archicture of collective problem-solving, from the WTO, to the UN, to COP – is under threat.Middle powers, he says, have the most to lose from a world of fortresses and the most to gain from co-operation.We know that the old world order is not coming back, Carney insists.

But he also warns that the great powers would run risks by abandoning the old world order, saying one-time allies will be forced to diversify.“Hegemons cannot continually monetise their relationships”.
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Kenji Morimoto’s recipe for miso leek custard tart with fennel slaw

This savoury custard tart celebrates some of my favourite flavours (and dishes): jammy miso leeks, savoury-sweet chawanmushi (a Japanese steamed custard flavoured with dashi) and toasty sesame seeds, all enveloped in flaky pastry. It feels decadent, so it’s best served with a simple fennel salad, zingy with apple cider vinegar and mustard. It’s excellent eaten while still warm from the oven (be patient!), but even better as leftovers, because I have a soft spot for cold eggy tarts.Shop-bought pastry can, of course, be used, but making it from scratch is what makes this dish that much more special.Prep 30 min Chill 1 hr 15 min+Cook 45 min Serves 6-8For the pastry185g plain flour, plus extra for dusting 1 tsp salt 100g cold unsalted butter, cubedFor the leeks2 tbsp vegetable oil 350g leeks, trimmed, halved lengthways and cut into 3cm segments Salt 2 tbsp red miso 2 tbsp honeyFor the egg mixture 5 eggs 150ml whole milk 1 tbsp dashi granules 1 tbsp sesame seeds Chives, thinly sliced, to garnishChilli oil, for servingFor the slaw300g fennel, trimmed and thinly sliced or cut using a mandoline 2 sprigs fresh flat-leaf parsley, tender stems and leaves chopped 2 tbsp apple cider vinegar 1 tsp dijon mustardFirst make the pastry: in a food processor, blitz the flour, salt and butter into a breadcrumb-like consistency

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How to make mapo tofu – recipe | Felicity Cloake's Masterclass

Mapo tofu is a Chengdu favourite typical of the “spicy generosity” of Sichuan food, Fuchsia Dunlop explains, though it’s perhaps better not translated as “pock-marked old woman’s tofu”. It may even convert you to the joys of tofu itself, should you still be on the fence about the stuff, because its creamy softness is the perfect foil for the intensely savoury, tingly seasoning involved here. It’s also ready in mere minutes.Prep 10 min Cook 7 min Serves 22 garlic cloves 1 small knob fresh root ginger 4 spring onions Salt 250g plain tofu (I like a soft one, but see step 3)2 tsp cornflour, or potato or tapioca starch 1 tbsp Sichuan peppercorns 2 tbsp neutral oil 40g pork mince, or beef mince, or a plant-based alternative1 heaped tbsp Sichuan chilli bean paste (also called spicy doubanjiang or toban djan, see step 8)½ tbsp fermented black beans, drained1 tsp chilli flakes, drained if in oil (drizzle this on top, if you prefer)85ml waterIf serving this with rice, which is how it’s generally eaten (though you could have it with noodles instead), put that on to cook. It’s also nice with some steamed green vegetables or a cucumber salad on the side

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Not keen on feeble nolo wine? Try these instead

Are you a lover of oaky rioja, or maybe zingy Kiwi sauvignon blanc, and looking to find a non-alcoholic lookalike? To put it bluntly, I’m afraid you’re out of luck. Alcohol does much more than make you tipsy; it is the magic ingredient that gives so much of wine’s wondrous complexity, character and charm. Not only does it carry volatile compounds that make up wine’s endlessly fascinating combinations of scents and tastes, along with a sensation of warmth, it also creates that viscous body and texture – what’s rather grossly known in the trade as “mouthfeel” – of the liquid in your mouth, and the overall balance of all these factors in the wine.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link

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How to make penne all’arrabbiata – recipe | Felicity Cloake's Masterclass

Pasta all’arrabbiata is the perfect dish for January. Not only is it quick, vegan and made from ingredients you might conceivably have in the cupboard already, but the name, which means angry, could be said to suit my mood now that the last of the Christmas festivities are over. Happily, a big plate of rich, tomatoey pasta can always be relied upon to lift the spirits.Prep 5 min Cook 25 min Serves 22 tbsp extra-virgin olive oil, plus a little more to finish1 tsp chilli flakes 2 garlic cloves 400g good tinned tomatoes, or passata 200g penne (see step 1)Salt and black pepper ¼ tsp red-wine vinegar 1 handful basil leaves, or flat-leaf parsleyThis dish is traditionally made with penne, but any shape that traps chunky pieces of sauce will give maximum enjoyment. Caz Hildebrand and Jacob Kenedy’s book The Geometry of Pasta suggests no fewer than 14 alternatives, including farfalle, pappardelle and tagliatelle, while I’d recommend rigatoni, fusilli, conchiglie or, indeed, anything that looks vaguely like them

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Rukmini Iyer’s quick and easy recipe for harissa-spiked orzo with chickpeas and pine nuts | Quick and easy

This is my favourite store-cupboard dinner when faced with the pre-shop complaints that “there’s nothing in the fridge”. The cherry tomatoes provide a welcome fresh note, but otherwise it’s a happy cupboard raid. An old Nigel Slater recipe first put me on to the idea of using yoghurt to finish a pasta dish, and it works brilliantly here to balance the harissa. Excellent for a work-from-home lunch, too.Prep 10 min Cook 15 min Serves 230g pine nutsFlaky sea salt 200g orzo 1 tbsp olive oil 2 garlic cloves, peeled and finely grated200g cherry tomatoes, halved400g tin chickpeas, drained and rinsed (see my review for the best brands)2 heaped tbsp jarred rose harissa paste (I like Belazu)Juice of ½ lemon2 heaped tbsp Greek yoghurt, to serveFresh flat-leaf parsley, chopped to finish (optional)Put a large frying pan on a medium heat, then add the pine nuts, turn down the heat and toast, stirring and watching constantly, for three to four minutes, until evenly golden brown all over – do not leave the pan unattended, because they will burn

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My week avoiding ultra-processed foods: ‘Why is it this hard?’

I’ve been eating ultra-processed foods (UPFs) all my life. Breakfast as a child was often Coco Pops, Rice Bubbles or white toast slathered in spreadable butter. Dinners usually involved processed sauces, such as Chicken Tonight or Dolmio, and my lunchboxes always contained flavoured chippies or plasticky cheese.I don’t blame my parents for this. Now I’m a parent too, I have cartons of juice and flavoured yoghurt as part of my parenting arsenal