EU tariffs on China have accelerated Korean tire makers' exit from the country : imagine what broader EU tariffs might achieve (beyond "But prices will go up!") : imagine what broader EU tariffs might achieve (beyond "But prices will go up!") On that note,however, Russian LNG is to remain exempt from EU sanctions - realpolitik or real weakness?In the Middle East,. Expect more questions about political economy to erupt - and more resistance from the usual crowd.To conclude,Is the emergence of neo-mercantilism a bridge too far for traditional macro-commentary (or macro-ideology)? Is the Fed a bridge too far for the White House?