Author: staff

BRUSSELS — The European Union doesn’t really do knee-jerk reactions. And when it comes to trade wars, it prepares its case, builds a consensus among its members — and saves its most painful retaliation until last. Donald Trump’s unprecedented tariff onslaught is no exception.  Just after the bloc locked in its response on Wednesday to Trump’s month-old steel and aluminum tariffs, the U.S. president announced a 90-day truce on the “reciprocal” tariffs he imposed on “Liberation Day” a week earlier. Trump had hit the 27-nation bloc with a 20 percent duty on all goods. Under pressure as financial markets melted down, he…

Officials signaled that these back-up options will dominate corridor chats in Warsaw. “What we are going to move towards is the global trade war, which reduces global growth, reduces the ability of countries to keep inflation under control,” Fabian Zuleeg, the chief executive of the European Policy Center think tank, said before Trump reversed course. “So what we’re seeing is a global downturn.” The real war Increased tensions between the U.S. and Europe are also pushing countries that take a hard line on defense, such as Poland and the U.K., to explore alternative ideas to strengthen their military sectors. Outlined…

The first-quarter earnings season will kick off with big US banks, including JPMorgan Chase and Wells Fargo, later today, followed by Bank of America, Citigroup, and Morgan Stanley next week. After a turbulent week on Wall Street, results from these flagship lenders will offer critical insights into the broader economic impact of President Trump’s sweeping tariffs on business sentiment and outlooks.Analysts expect the banks to deliver solid results for the first three months of the year, supported by a still-resilient US economy during the period. However, attention will likely shift toward forward guidance, with expectations for a more cautious tone…

Koalitionsvertrag: Die Analyse der Außenpolitik mit Claudia Major – POLITICO Skip to main content

A tariff storm was brewing — and then, just like that, the forecast changed. Donald Trump shocked everyone by pausing his planned tariffs for 90 days (for all countries except China), throwing global markets a lifeline and leaving the EU wondering what game he’s playing. In this episode of EU Confidential, host Sarah Wheaton unpacks the fallout from Trump’s trade U-turn with Josh Lipsky, senior director at the Atlantic Council’s GeoEconomics Center, and Doug Busvine, POLITICO’s editor for agriculture and trade. They dig into whether this is a moment of de-escalation in Trump’s trade war — or just the eye…

“There is a great sense of positivity and also eagerness and dedication to have this concluded sooner rather than later from both the sides,” Sitharaman told reporters at a joint briefing following the discussions. But Trump’s trade war won’t see India “rush” into a deal, Sitharaman told an audience at India’s High Commission the day before. While she and Reeves both said progress was made, thorny issues remain.  The U.S. tariffs mean that striking a deal “has gone up the scale in terms of political priorities,” Shashi Tharoor, chair of the Indian parliament’s committee on external affairs, told POLITICO. “We…

The EU was one of the president’s initial targets, one that he called out during his Rose Garden speech for being “very tough traders” and “pathetic.” Say what you will about Donny, but he is a real master of the left-handed compliment. As soon as the news broke, all eyes in Brussels turned to Commission President and Queen of European Trade Ursula Von der Leyen, who promptly responded that … she would speak the next day. EU citizens and businesses felt very reassured. The following morning, the whole continent (more or less) was glued to their screens, phones or carrier…

However, there can be no timetable for a military deployment until there is a ceasefire. Healey underscored that the reassurance mission would not be a “peacekeeping force” that would separate the warring sides. “The best way of cementing a ceasefire is the strength of the Ukrainian forces themselves,” he added. He was echoed by Kaja Kallas, the EU’s top diplomat. “At the moment there is no peace to keep,” she said. “It’s up to the member states to provide concrete numbers of troops, some member states are willing to participate, some are not, let’s discuss that if there’s a peace.”…

“In no case does anyone believe you anymore that you’re a sovereignist and that you’d die fighting neck-and-neck with everybody for your people and your country,” Ciolacu wrote to Ponta in a Facebook post, where he called on his former party colleague to leave the presidential race. Ciolacu was an honorary adviser to Ponta at the time of the floods, according to Romanian media outlet HotNews. Grindeanu said Ponta’s admission about the floods shows he always puts himself first, also calling on him to withdraw.  Ciolacu and Grindeanu’s Social Democratic Party are supporting Crin Antonescu in the presidential race, in…

“Overall, tariffs are likely to lower U.K. growth,” she added. “Expenditure switching by U.S. consumers away from U.K. goods, combined with weaker global demand due to potential counter tariffs and supply chain disruptions would be expected to weigh on U.K. activity.” But Breeden, who sits on the BoE’s monetary and financial policy committees, said the impact on inflation from the changing trade policy is “not clear cut.” While the hit to demand for U.K. exports may lower inflationary pressures, Breeden said prices could alternatively end up rising because of supply chain disruption. It is therefore too soon to judge what…