European leaders remained after the first 100 days of the second term of the US President Donald Trump, when it increased geopolitical and commercial turmoil.
“This is nothing else that we saw earlier from the US administration,” Kaja Kallas “Europe Early Edition” told the head of the European Union foreign policy, when the first 100 days of Trump had a block of flats.
Kallas told Silvia Amaro from CNBC that it was “very intense” and “destructive” time, adding that there is “a lot of unpredictability”.
“In this way we tried to manage the new administration,” she said.
Europe is in the face of growing uncertainty on two fronts as a result of Trump's policy: Trade and Russian war with Ukraine.
Then Trump imposed temporarily reduced 20% of general obligations for export in the US in the EU to enable negotiations. The block prepared its own counterattacks, but they were also hold After Trump stopped his own policy. In the face of American aluminum tariffs, steel and cars.
However, even if the contract is concluded, in the EU it is commonly expected that some of the rainfall from ongoing commercial disputes between the USA and other trading partners such as China.
European economic growth is expected to escape as a result of commercial tensions, while the inflation on inflation is at least dark, European Central Bank Policemen said CNBC last week during the spring meetings of the World MFW Bank, where the name of the game was “uncertainty”.
“We have not seen this uncertainty for years,” said Robert Holzmann, Governor of the Austria Central Bank. “Unless uncertainty is to succumb, in accordance with the relevant decisions, we will have to stop a number of our decisions, and therefore we do not know yet in which direction it is best to transfer monetary policy,” he added in relation to the EBC interest rate perspective.
Klaas Knot, president of the Netherlands Bank, Meanwhile, it was compared The current uncertainty of what took place in the early days of Covid-19 pandemic.
“In a short period, it is crystal clear that uncertainty arises as a result of the unpredictability of tariff activities by the US government acts as a strong negative growth factor,” he said.
Others hit a bit More positive toneWith the acting German finance minister Joerg Kukies, he said that he did not think that the Association of Europe and the US was “near the crisis.” He added that much more would have to be trusted between the two sides.
Trump's approach to the war of Russia-Ukraina He also spread feathers in Europe, because questions about financing and support for Ukraine remain questions.
Kallas told CNBC that the EU and its members “supported Ukraine more than anyone else”, admitting that the US also contributed to the “great participation”.
“If they do not support Ukraine anymore, it becomes more difficult. But the question is about Europe, can we do it? I think that in terms of monetary it means that we can do it … Of course, the question about some military possibilities is much more difficult,” she said, adding that we hope that the US will “remain on the right side of history.”
Trump initially said that he would end the war in one day, but from that time he returned to these comments. While his administration quickly began talks about the weapon suspension agreement, there was a limited progress.
Kallas said on Monday that more pressure should be exerted to Russia to push the country to the desire of peace.