As the Trump administration slashes support to research institutions and threatens to freeze federal funding to universities like Harvard and Columbia, European leaders are offering financial help to U.S.-based researchers and hoping to benefit from what they are calling a “gigantic miscalculation.” “Nobody could imagine a few years ago that one of the great democracies of the world would eliminate …
Read More »Tag Archives: Ursula
As Trump Upends Global Trade, Europe Sees an Opportunity
President Trump has big ambitions for the global trading system and is using tariffs to try to rip it down and rebuild it. But the European Union is taking action after action to make sure the continent is at the center of whatever world comes next. As one of the globe’s biggest and most open economies, the E.U. has a …
Read More »After Trump’s Tariffs Pause, the EU Takes a Moment to Reassess
European Union officials had just approved retaliatory levies of 10 to 25 percent on about $23 billion of American imports when President Trump abruptly changed tack on Wednesday, announcing that he would hit pause on some of the tariffs he had placed on Europe and much of the rest of the world. Mr. Trump’s announcement signaled what European leaders had …
Read More »Europe Has Economic Power. Can It Use It Against Trump’s Tariffs?
The European Union, taken as a whole, is America’s biggest trading partner. That makes President Trump’s fresh tariffs especially painful for the 27-nation bloc — but also gives it a uniquely large amount of economic weight to throw around in response. In the hours after Mr. Trump’s sweeping tariff announcement on Wednesday, European leaders began to make clear that they …
Read More »Markets Remain Uneasy as Trump Prepares Sweeping ‘Reciprocal’ Tariffs
President Trump has settled on a final plan for sweeping “reciprocal” tariffs, which are expected to take effect on Wednesday after he announces the details at an afternoon Rose Garden ceremony. The White House press secretary, Karoline Leavitt, confirmed the timeline in a briefing with reporters on Tuesday, adding that Mr. Trump had been huddling with his trade team to …
Read More »Trump Expands Trade Threats in Global Game of Chicken
For the second time this week, President Trump has threatened to disrupt trade with a close ally for retaliating in a trade war that he started — a tactic that could lead to compromise, or to economic spats that spiral further out of control. On Thursday morning, Mr. Trump tried to cow the European Union into submission, threatening in a …
Read More »Europe Braces for a New Trump Era, Uncertain About What It Means
As Donald J. Trump took the oath of office in Washington on Monday, the crowd at a jam-packed party held by Ukrainian business groups in Davos, Switzerland, intently watched the ceremony on huge screens. The event, on the sidelines of the World Economic Forum’s annual conference, seemed to be a display of enthusiasm for the returned American president. Speakers praised …
Read More »