“instead of trying to decouple unilaterally from China, let’s do it in an organized manner together. Let’s sit together at the negotiation table, because if 300 million Americans impose tariffs, that’s one thing. But if 300 million Americans plus 500 million Europeans and some of the largest economies in the world and other democracies from Japan to Australia are warm-heartedly invited to join, then I think we will have a much better outcome that is very much to the benefit of every non-authoritarian economy, but most importantly, for the U.S.
I would strongly suggest that “America First” will only work if it’s not America alone. And there are some issues where America will need partners in order to have the ultimate leverage, and I think that leverage would be increased by joining forces.”
“After more than three years of war, Ukraine has agreed to a U.S. proposal for an immediate ceasefire. The 30-day truce will come into effect if Russia signs up to the same terms, according to a joint statement from the Ukrainian and American governments.”
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“Trump’s team say they will now take the plan for a 30-day ceasefire to Moscow. “The ball is now in their court,” said Rubio. Russia has been delighted by Trump’s attitude so far, and the ceasefire does not impose any pre-conditions on the Kremlin, as far as is known, other than a pause in the fighting.
Under the outline ceasefire plan, the pause in the fighting would allow humanitarian steps, including the exchange of prisoners of war, the release of detained civilians “and the return of forcibly transferred Ukrainian children,” the joint statement said.”
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“After taking the radical step of cutting off the supply of military kit and intelligence to Kyiv, the U.S. has now agreed to resume sharing its secret information. It will also restart “security assistance.””
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“The terms of the proposal are for a temporary truce that can be extended if both sides agree. Once fighting is paused, negotiations will begin immediately on the terms of a permanent peace. Both the U.S. and Ukraine have promised to name their negotiating teams as soon as possible.”
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“Ahead of the talks, Rubio warned Kyiv that it would need to make concessions, including on territory. But during the eight hours of discussions in Jeddah on Tuesday, the topic of ceding territory did not even come up, according to a Ukrainian official. The point is certain to be brought up, however, if substantive negotiations begin on a permanent settlement.”
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“The U.S. president has made clear that he is not inclined to guarantee “very much” by way of Ukraine’s future security, seeing this as a job for Europe, not America. Nothing in Tuesday’s joint statement suggests that has changed.”
“The European Union hit back hard as U.S. President Donald Trump imposed 25 percent global steel and aluminum tariffs on Wednesday, announcing a two-stage retaliation covering €26 billion in EU exports that far exceeded a trade fight that blew up in his first term.
The European Commission said it would, from April 1, reimpose tariffs in response to €8 billion in U.S. tariffs — including on iconic American products such as Harley-Davidson motorcycles, bourbon and jeans. And, from mid-April, it will set further countermeasures over €18 billion in new U.S. tariffs, subject to the approval of EU member states.
“We deeply regret this measure,” European Commission President Ursula von der Leyen said in an early-morning statement.”
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“The 27-nation bloc — a common market spanning 450 million people — wants to send an unmistakable message that the EU is serious about defending its economic interests should Trump launch a full-scale trade war.”
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“The Commission left the door open to a deal with Trump, saying it “remains ready to work with the U.S. administration to find a negotiated solution” and adding that its measures “can be reversed at any time should such a solution be found.””
An immediate impact of tariffs is increased prices. Paying more means less money for other purchases and investments. Less purchases and investments means a smaller economy than there otherwise would be. A smaller economy means less wealth and jobs for most people.
“Trump and his allies believe tariffs are the key to all sorts of wondrous economic outcomes that will make America more prosperous. In his speech to Congress on Tuesday night, Trump said that tariffs “are about protecting the soul of our country,” whatever that means.
But even if you buy those arguments, it should be obvious that tariffs being implemented and then immediately withdrawn (for the second month in a row) will not produce the promised benefits.
They won’t generate revenue for the government, won’t cause businesses to alter their supply chains, and won’t stop the flow of illegal drugs. It’s the equivalent of looking at a river, declaring your intention to build a dam, and then expecting the river to become a reservoir.”
“The U.S. halt in sending military aid to Ukraine could leave the country vulnerable to aerial attacks just as Russia is gearing up for a massive increase in drone and missile strikes.
Ukraine has a reported six MIM-104 Patriot missile batteries — used to protect some of the country’s highest priority targets. The Patriot, with a range of about 160 kilometers, is one of the few systems Ukraine operates that can hit distant targets and knock down Russian ballistic missiles like the Kh-47M2 Kinzhal hypersonic missile.
The pause in deliveries of U.S. weapons coincides with signs that Russia will double down on longstanding efforts to exhaust Ukraine’s remaining supplies of Patriot air-defense missiles. And with no chance of any immediate replenishment from Washington, that leaves Ukraine’s infrastructure and key cities highly exposed.
If the U.S. ends the delivery of Patriot missiles, Ukraine could potentially be supplied by other countries that have acquired the U.S. system.”
“Was that expecting too much from Zelenskyy — to sit and smile while signing away a portion of his nation’s mineral wealth without getting security guarantees in return?”
“The trade deficit is huge. It stands at $235.6 billion — a 12.9 percent increase since 2023. EU countries impose an average 5 percent tariff on U.S. goods, while the U.S. imposes an average 3.3 percent tariff on European goods. Even worse, the EU collects a 10 percent tariff on car imports — that’s four times America’s 2.5 percent.”
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“This has to change — and it can — but not through a tit-for-tat race to higher tariffs. Rather, we need to lower tariffs and observe symmetry. Ideally, EU-U.S. trade would be tariff-free. However, if that’s unachievable, tariffs should be, on average, 2 percent on both sides. That would create a huge stimulus for both economies, and it could be the basis and precondition for what is existentially necessary: a common trade strategy on China.”
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“If Trump is serious about “America First,” there’s one thing he should come to terms with — it shouldn’t mean “America Alone.” More leverage at the negotiating table with China, a healthy U.S. economy without inflation, and a prosperous Germany that could turn around a stumbling EU would be in the interest of the American people and Europe.”