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    Kristalina Georgieva “Our new growth projections will include notable markdowns, but not recession. We will also see markups to the inflation forecasts for some countries. Ultimately, trade is like water. When countries put up obstacles in the form of tariff and non-tariff barriers, the flow diverts. Some sectors in some countries may be flooded by cheap imports; others may see shortages. Trade goes on, but disruptions incur costs.” 22 hours ago
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CURRENT EVENTS  POLITICS 

28 Mar 2025

“What has become increasingly clear is that Trump's team sees Europe as a parasitic freeloading ally and its liberal democracies as political and ideological adversaries. But this is so contradictory to everything the United States has stood for that we are bound to ask: Can America really tilt this way? Just as Mr. Trump appears determined to weaken checks and balances at home, he is seeking to replicate that externally, dispensing with any rules-based or values-based order. Anything that is a check on whatever he wants to do on whatever day, including Article 5, is something he may tear up. What counts in Trump world are power and interests. For Europe the choice may come down to this: Show teeth or give him what he wants.”

Célia Belin
Célia Belin
   Director, Political Analyst
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Head of the Paris office of the European Council on Foreign relations
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