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European leaders remained inflatable after the first 100 days of US President Donald Trump, which took place in geopolitical and trade upset.
“This is unlike anything we had seen earlier from the US administration,” said the head of the European Union’s foreign policy Kaj Kalas told “Europe of the Early edition of Europe” when asked that the first 100 days of Trump had yet meant.
Kalas told Sylvia Omar CNBC that it was “very intense” and “devastating” time, adding that “a lot of unpredictability”.
“So we work to try to manage with the new administration,” she said.
Europe is faced with increasing uncertainty on two fronts as a result of Trump’s policy: trade and war in Ukraine.
Trump was then imposed temporarily reduced 20% of EU export duties to USA to provide negotiations. The block has prepared its own counter-mera but it was also Leave After Trump stopped his own policy. It also stands in front of the American aluminum tariffs, steel and car dealerships.
However, even if the transaction is reached, the EU is allegedly still expected that some cases of constant trade disputes between the US and other trading partners such as China.
Expected that European economic growth will suffer as a result of trade tensions, while inflation is at least Told politicians Last week, CNBC during the World Bank’s Spring Bank, where “uncertainty” was the name of the game.
“We have not seen this uncertainty for many years,” said Robert Holzman, the Governor of the Austrian Central Bank. “If the uncertainty does not fall, the right solutions we will have to restrain a number of our decisions, and thus we do not yet know which direction it is better to transfer the monetary policy,” he added in the link to the forecast at the ECB interest rates.
Claes Node, President of the Bank of the Netherlands, Meanwhile compared The current uncertainty of what was experienced in the early days of the Covid-19 pandemic.
“In the short term, Krystalov realized that the uncertainty, which is created by the unpredictability of tariff action by the US government, works as a strong negative growth factor,” he said.
Others hit a few More positive toneWith acting German Finance Minister Jork Cook, who said he did not think that the relations between Europe and the US were “somewhere near the crisis.” Much more will have to happen for trust between the two sides to break, he added.
Trump’s approach to war in Russia-Ukraine He also smashed feathers in Europe as issues remain around the US financing and Ukraine’s support.
Kalas said CNBC that the EU and its members “supported Ukraine the most”, acknowledging that the United States also made a “big fate”.
“If they no longer support Ukraine, then it becomes more complicated. But the question in Europe, can we do it?
Trump initially said he would end the war during the day, but has since returned these comments. While its administration quickly started talking about the ceasefire agreement, the progress was limited.
Kalas said on Monday that more pressure should be put on Russia to push the country to the desire of peace.