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BEIJING — China countered President Trump’s across-the-board tariffs on Chinese products with tariffs on select U.S. imports Tuesday, as well as announcing an antitrust investigation into Google. The Chinese response was “measured,” said John Gong, a professor at the University of International Business and Economics in Beijing. “I don’t think they want the trade war escalating,” he said. …This time, analysts said, China is much better prepared to counter, with the government announcing a slew of measures that cut across different sectors of the economy, from energy to individual U.S. companies. China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10% tariff on crude oil. …China also announced export controls on several elements critical to the production of modern high-tech products. “A risk is that this is the beginning of a tit-for-tat trade war,” Stephen Dover of Franklin Templeton said.

While Donald Trump has yet to act on his multiple tariff threats, it’s likely he will. So the fear lingers that the US president’s aggressive trade posture will sow global disorder, depressing growth and roiling markets, particularly if targeted nations retaliate. But retaliation is not the only or even the most likely response to Trump, no matter how broadly he finally delivers on his threats. The US has wielded tariffs as a weapon for eight years now. …Some nations retaliated; others offered concessions or challenged them before global trade arbiters. But most just quietly moved on, seeking trade with countries other than the US. Since 2017, trade has held more or less steady at just under 60% of global GDP. But there’s been a decline in the US share of trade flows offset by an increase in other regions. Trump 2.0 seems likely to bring more of the same: trade without America.
RUSS TAYLOR GLOBAL is pleased to provide the latest quarterly report from the 
Don’t miss these headlines and more in the February Market News and Insights:
An international survey of frogs and toads has revealed that global warming and drought are more likely to affect the animals in the Amazon and Atlantic Rainforests. The
Nearly half of the global boreal forests — spanning Canada, Alaska and Siberia — are undergoing major transitions due to climate change, making them increasingly vulnerable to forest fires and altering their role as a key carbon sink, a new study has revealed. These forests are vast and found in the cold, northern regions. However, they are warming four times faster than the global average and are expected to shift into a new ecological regime. This transformation could impact global climate regulation by triggering biome shifts and changes in tree cover dynamics, according to the study published in the journal 
To formally pull the United States out of the Paris Agreement, the Trump administration will need to formally submit a withdrawal letter to the United Nations, which administers the pact. The withdrawal would become official one year after the submission. The formal withdrawal of the United States and subsequent changes to agreements under the UN Framework Convention on Climate Change cannot be transmitted to the United Nations until President Trump’s nominee to be US Ambassador to the UN, Rep. Elise Stefanik (R-NY), is confirmed by the Senate. …The withdrawal raises key questions about the future of the voluntary carbon market (VCM), particularly in light of the Paris Climate Accords’ role in driving offset demand. …Without the federal endorsement of climate goals, corporate strategies might shift away from investing in carbon offsets, diminishing demand for carbon credits. Furthermore, uncertainty surrounding federal support could delay or derail the development of new VCM projects.
A forest twice the size of Greater London would need to be planted in the UK to cancel out the extra emissions from the expansion of Heathrow, Gatwick and Luton airports, Carbon Brief analysis reveals. New runaways at these airports surrounding London would result in cumulative emissions of around 92m tonnes of extra carbon dioxide equivalent (CO2e) by 2050, if the number of flights increases in line with their operating company targets. For example, offsetting these emissions would require more than 300,000 hectares of trees to be planted within just a few years. This equates to all the trees planted in the UK since 2000… Reeves has stressed that “sustainable aviation fuels” (SAFs) and electric planes could help to offset these emissions. However, such technologies are still in the early stages of deployment and previous Carbon Brief analysis suggests the role of SAFs in achieving net-zero may be limited.
The UK should stop burning wood to generate power because it is not needed to meet the government’s target of decarbonising the electricity sector by 2030, according to analysis. Ed Miliband, the energy security and net zero secretary, is expected to make a decision soon on whether to allow billions of pounds in new public subsidies for biomass burning, despite fierce opposition from green groups. Campaigners have amassed years of evidence of how much destruction burning wood causes to forests and wildlife around the world, and argue that it is not “carbon neutral” because regrowing trees takes decades to make up for the carbon emitted when burned. But ministers were thought to be reluctant to let go of the capacity for baseload power generation that biomass represents. Biomass makes up roughly 4% of the UK’s total electricity generation, and about 8% of “green” power generation, most of it coming from Drax.
…Endless hours in front of devices are quietly rewriting the blueprint of childhood, reshaping the way that young people think, interact, develop, and experience the world. Young people today spend between 5 and 9 hours staring at screens, but less than 10 minutes a day enjoying time playing in nature. The result? Rising rates of anxiety, body image dissatisfaction, reduced attention spans, waning creativity, and sleepless nights. Brain scans show kids glued to screens experience premature thinning in the prefrontal cortex—the brain’s control centre for impulse control, attention, emotional regulation, and decision-making. …But there is a solution… The antidote is far simpler than reducing screen time. It’s the original technology: nature. …One movement helping to lead this reconnection is the forest school. Forest schools are built on a simple but radical idea: the best classroom doesn’t have walls. Here, nature is a teacher.