Morning opening: Overlook markets for a second
Jakub Krupa
US president Donald Trump have signaled no intention to again down on his tariffs coverage over the weekend, as he urged reporters to “forget markets for a second” and insisted “we have all the advantages.”
“I don’t want anything to go down, but sometimes you have to take medicine to fix something,” he mentioned amid persevering with slumps on world markets.
This morning, EU ministers will meet in Luxembourg to think about the EU’s response and listen to the unfiltered model of EU commerce commissioner Maroš Šefčovič’s conferences with US counterparts late final week.
On social media, he mentioned that he informed US commerce secretary Howard Lutnick and US commerce consultant Jamieson Gree that Trump’s tariffs have been “damaging” and “unjustified.”
Right this moment he’ll in all probability ministers not solely on what he thinks of them, but additionally on what the bloc may do in response as there are first indicators of inner divisions inside the EU.
Italy and Spain are understood to be among the many extra cautious international locations prepared to keep away from an extra escalation, whereas France’s Emmanuel Macron leads the extra hawkish group, after he appeared to name for suspending French investments within the US as a part of the response.
I’ll convey you all the newest political response from throughout Europe, as we additionally monitor the newest on Ukraine, Le Pen and France, and different tales from the continent.
It’s Monday, 7 April 2025, it’s Jakub Krupa right here, and that is Europe Dwell.
Good morning.
Key occasions
Spain to push for EU help for industries hit by tariffs, minister says
Spanish economic system minister Carlos Cuerpo mentioned he would push the European Union to approve help for industries hit by US tariffs.
Cuerpo additionally mentioned on Monday the EU ministers will focus on a listing of merchandise to be submitted to retaliatory tariffs in response to those on metal, aluminium and vehicles, Reuters reported.
Cuerpo’s feedback observe a speech by Spanish prime minister Pedro Sánchez final week wherein he promised a monetary bundle of loans and direct help price €14.1 bn, evaluating the disaster response to that in the course of the Covid-19 pandemic.
We’d like ‘calm, measured response’, Eire’s minister says
EU ministers are anticipated to start out arriving round 10am – I’ll convey you their doorstep reactions – however we’re getting first traces from nationwide leaders.
Eire’s deputy prime minister and international, commerce minister Simon Harris informed Newstalk Radio that leaders agree on a necessity for a “calm, measured” response as he sought to minimize the prospect of a retaliation on digital providers that may be geared toward US huge tech corporations.
“My strong sense now is that the majority view by some distance is to take a calm, measured response and to try and get the US to the table,” he mentioned.
Focusing on digital providers is “highly unlikely at this stage,” he mentioned, Reuters reported.
Morning opening: Overlook markets for a second
Jakub Krupa
US president Donald Trump have signaled no intention to again down on his tariffs coverage over the weekend, as he urged reporters to “forget markets for a second” and insisted “we have all the advantages.”
“I don’t want anything to go down, but sometimes you have to take medicine to fix something,” he mentioned amid persevering with slumps on world markets.
This morning, EU ministers will meet in Luxembourg to think about the EU’s response and listen to the unfiltered model of EU commerce commissioner Maroš Šefčovič’s conferences with US counterparts late final week.
On social media, he mentioned that he informed US commerce secretary Howard Lutnick and US commerce consultant Jamieson Gree that Trump’s tariffs have been “damaging” and “unjustified.”
Right this moment he’ll in all probability ministers not solely on what he thinks of them, but additionally on what the bloc may do in response as there are first indicators of inner divisions inside the EU.
Italy and Spain are understood to be among the many extra cautious international locations prepared to keep away from an extra escalation, whereas France’s Emmanuel Macron leads the extra hawkish group, after he appeared to name for suspending French investments within the US as a part of the response.
I’ll convey you all the newest political response from throughout Europe, as we additionally monitor the newest on Ukraine, Le Pen and France, and different tales from the continent.
It’s Monday, 7 April 2025, it’s Jakub Krupa right here, and that is Europe Dwell.
Good morning.
