European regulators are concerned about a possible repeat of the 2008 crisis amid loosening financial regulation. At that time, financial sector support cost the eurozone $5.2 trillion and led to a 4.3% economic contraction. The simplifications proposed by the European Commission in the field of disclosure of information on sustainability and capital rules are causing debate. The ECB insists on climate risk assessment by banks, threatening fines for non-compliance. New US duties may affect Russia. Since April 2, the United States has been preparing to impose new reciprocal import duties on countries with persistent trade imbalances with the United States. These include the G20 countries, as well as Australia, Brazil, Canada, China, the EU, India, Japan, South Korea, Mexico, Russia, Vietnam, and others. It is noted that the duties will not be introduced immediately, but on a point-by-point basis. A large gold deposit has been discovered in India. The discovery of gold in the state of Odisha can dramatically change the state's economy, attract investment and create new jobs. With upcoming auctions and further research, Odisha could soon become a key player in India's gold mining industry. The European Union is afraid that the United States will change its plans to supply Europe with weapons. European politicians fear that the United States may stop servicing its weapons in the EU against the background of US President Donald Trump's policy towards NATO allies. The maintenance of American weapons should be carried out by US citizens, and Trump may well impose restrictions on this process. France has suggested that the EU consider using an anti-coercive tool against the United States if Trump introduces new tariffs. This mechanism allows us to respond with restrictions on trade, investment and access to public procurement. The United States plans duties from April 2, citing the elimination of non-tariff barriers. The EU considers its VAT system to be fair. The European Commission is not discussing the instrument yet, but the issue remains open.
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