Morning opening: ‘Nice to wrap it all up in one package’
Jakub Krupa
US president Donald Trump stepped away from the brink of an all-out trade war last night, suspending his “reciprocal” tariffs for 90 days for everyone but China to create space for negotiations on better arrangements.
Trump appeared surprised when asked about the EU’s retaliatory tariffs adopted yesterday, only to be reassured by his officials that the expectation is that they will be effectively delayed until never.
Overnight, European Commission president Ursula von der Leyen welcomed Trump’s decision as she said it was “an important step towards stabilising the global economy.”
She also floated again the idea of a zero-for-zero tariff agreement with the US, saying she hoped to achieve “frictionless and mutually beneficial trade.”
But that by no means the end of this chaotic process.
In additional remarks within the Oval Workplace, Trump appeared to as soon as once more hyperlink the presence of US troops in Europe to the end result of commerce talks with the bloc.
Asked if he had any plans to reduce US presence on the continent, as reported by US media, he said:
Effectively, we may. I imply, it relies upon. We pay for navy over in Europe. You already know, we don’t get reimbursed by a lot. …
So it might be one of many issues we talk about that’s unrelated to commerce, however I believe we’ll make it a part of it, as a result of [it] is smart, [would] be good to wrap all of it up in a single bundle for every nation. You already know, it’s good and clear.
His feedback will additional gasoline speculations about the way forward for the US navy presence, after Poland and Romania bought spooked earlier this week with studies that the US was trying into pulling as many as 10,000 troops out of central and jap Europe.
I lined all of this earlier this week, together with prime US common in Europe Christopher Cavoli’s feedback that he would need to keep the US forces as they’re now (Europe Dwell on Tuesday).
However in lower than reassuring feedback in a single day, US defence secretary Pete Hegseth informed reporters that “the only person that will make a determination about force structure of US troops in Europe will be president Trump.”
“We will continue to have ongoing discussions, including inside the context of Ukraine-Russia negotiations, of what our force posture should be on the continent that best addresses American interests and ensures burden sharing in Europe as well,” he added.
Given Russia’s previous calls for of ‘demilitarisation’ in elements of Europe, notably people who joined Nato after 1997, that is unlikely to placate these regional fears.
The feedback come simply as representatives of the “Coalition of the Willing” meet in Brussels to speak about their future choices for Ukraine. Loads to contemplate.
I’ll convey you all the most recent on that all through the day.
It’s Thursday, 10 April 2025, it’s Jakub Krupa right here, and that is Europe Dwell.
Good morning.
Key occasions
US-Ukraine technical consultations on minerals deal to start on Friday
Technical consultations between the United States and Ukraine on a minerals deal will begin in Washington on Friday, the Interfax Ukraine news agency quoted Ukrainian deputy prime minister Olha Stefanishyna as saying on Thursday, Reuters is reporting.
France may recognise Palestinian state ‘in June,’ Macron says
Elsewhere, French president Emmanuel Macron is making headlines together with his announcement that France plans to recognise a Palestinian state inside months and will make the transfer at a UN convention in New York in June on settling the Israel-Palestinian battle.
“We must move towards recognition, and we will do so in the coming months,” Macron, who this week visited Egypt, informed France 5 tv, studies Agence France-Presse (AFP).
“Our aim is to chair this conference with Saudi Arabia in June, where we could finalise this movement of mutual recognition by several parties,” he added.
He mentioned:
I’ll do it as a result of I imagine that sooner or later it is going to be proper and since I additionally need to take part in a collective dynamic, which should additionally enable all those that defend Palestine to recognise Israel in flip, which a lot of them don’t do.”
Such recognition would enable France “to be clear in our fight against those who deny Israel’s right to exist – which is the case with Iran – and to commit ourselves to collective security in the region,” he added.
France has lengthy championed a two-state resolution to the Israel-Palestinian battle, together with after the 7 October 2023 assault by Palestinian militants Hamas on Israel.
You may comply with this carefully on our Center East weblog right here:
Spanish prime minister hails tariff pause as ‘door to negotiation’ with US
Sam Jones
Spain’s prime minister, Pedro Sánchez, has additionally welcomed the tariff pause, describing it as “a door to negotiation and deals between countries”.
However the PM, who’s presently on a commerce go to to southeast Asia, additionally described Trump’s choice to impose tariffs “on the whole world – including a terrifying 46% on Vietnam”, as “an unjustified and unjust decision”.
Because the prospect of doable negotiations loomed, Sánchez insisted Spain would all the time work for “a world of open doors”, including:
“Spain’s response is being coordinated with the EU in order to protect our exporters. Not a single business will be left exposed because of this measure.”
Greek prime minister requires ‘win-win’ cope with US
Greek prime minister Kyriakos Mitsotakis put ahead a proposal for a “win-win” commerce cope with the US final evening, saying the EU and the US ought to push “for “a solution which will be mutually beneficial.”
Speaking to Breitbart US, he said there was “still room for negotiations before we consider any major reciprocal response beyond what has been announced today, which, anyhow, was, the expected EU reaction.”
“I think, at the end of the day, Europe and the European market is very important for the US and the US is important for Europe and we need to work out a solution,” he added.
European markets soar at the open
As anticipated, European inventory markets are hovering on the open in response to Trump’s pause on tariffs.
German DAX, French CAC 40, Stoxx 600 are all around 7% up. British FTSE 100 is up by just under 6%.
Comply with our enterprise weblog for the most recent:
Morning opening: ‘Nice to wrap it all up in one package’
Jakub Krupa
US president Donald Trump stepped away from the brink of an all-out trade war last night, suspending his “reciprocal” tariffs for 90 days for everyone but China to create space for negotiations on better arrangements.
Trump appeared surprised when asked about the EU’s retaliatory tariffs adopted yesterday, only to be reassured by his officials that the expectation is that they will be effectively delayed until never.
Overnight, European Commission president Ursula von der Leyen welcomed Trump’s decision as she said it was “an important step towards stabilising the global economy.”
She also floated again the idea of a zero-for-zero tariff agreement with the US, saying she hoped to achieve “frictionless and mutually beneficial trade.”
But that by no means the end of this chaotic process.
In additional remarks within the Oval Workplace, Trump appeared to as soon as once more hyperlink the presence of US troops in Europe to the end result of commerce talks with the bloc.
Asked if he had any plans to reduce US presence on the continent, as reported by US media, he said:
Effectively, we may. I imply, it relies upon. We pay for navy over in Europe. You already know, we don’t get reimbursed by a lot. …
So it might be one of many issues we talk about that’s unrelated to commerce, however I believe we’ll make it a part of it, as a result of [it] is smart, [would] be good to wrap all of it up in a single bundle for every nation. You already know, it’s good and clear.
His feedback will additional gasoline speculations about the way forward for the US navy presence, after Poland and Romania bought spooked earlier this week with studies that the US was trying into pulling as many as 10,000 troops out of central and jap Europe.
I lined all of this earlier this week, together with prime US common in Europe Christopher Cavoli’s feedback that he would need to keep the US forces as they’re now (Europe Dwell on Tuesday).
However in lower than reassuring feedback in a single day, US defence secretary Pete Hegseth informed reporters that “the only person that will make a determination about force structure of US troops in Europe will be president Trump.”
“We will continue to have ongoing discussions, including inside the context of Ukraine-Russia negotiations, of what our force posture should be on the continent that best addresses American interests and ensures burden sharing in Europe as well,” he added.
Given Russia’s previous calls for of ‘demilitarisation’ in elements of Europe, notably people who joined Nato after 1997, that is unlikely to placate these regional fears.
The feedback come simply as representatives of the “Coalition of the Willing” meet in Brussels to speak about their future choices for Ukraine. Loads to contemplate.
I’ll convey you all the most recent on that all through the day.
It’s Thursday, 10 April 2025, it’s Jakub Krupa right here, and that is Europe Dwell.
Good morning.
