Despite US tariff turmoil, global activity has proved quite resilient so far this year • Efforts to make stocks ahead of tariffs, alongside US dollar depreciation, have played a role here • Weaker greenback typically benefits emerging markets through boost for dollar-borrowers’ balance sheets

¿Pragmatismo o rendición? Tuvo el placer de debatir sobre el impacto de la política económica de Trump en las economías europeas con Joaquín Almunia y Marta Blanco en Madrid - Lea más sobre nuestra conversación en este artículo de @elpais.com 👇 @ecfrmadrid.bsky.social elpais.com/economia/202...

2️⃣🎤 How should the European Union react to the economic pressure of the Trump 2.0 era? 🗣️ @agathedemarais.bsky.social (@ecfrgeotech.bsky.social) | Senior Policy Fellow, @ecfr.eu

🎤 Bienvenida: · León De la Torre, Casa América · Elena Rodríguez, @exterioresgob.bsky.social 👥 Intervienen: · Joaquín Almunia, anteriormente en Comisión Europea; Competencia y Asuntos Económicos · Marta Blanco, CEOE · @agathedemarais.bsky.social, @ecfrgeotech.bsky.social Modera: Carla Hobbs, ECFR

The Mediterranean Sea is warming at a much faster rate than the global average • In June sea surface temperature reached 27°C in western Mediterranean, 3.7°C. above average • Global warming-fuelled atmospheric changes mean there is more energy over Med Sea, fuelling intense storms

To force Beijing to the negotiating table, European policymakers should take a page out of the Beijing playbook and move into offence | @ecfrasia.bsky.social @ecfrgeotech.bsky.social ecfr.eu/article/esca...

The new government programme should reflect the view, which has increasingly gained ground in the Netherlands, that economic and job security are not for free but come at a European budgetary price, writes Herman Quarles @ecfrpower.bsky.social https://bit.ly/47fT09U

Report from @TGehrke_and @jankaoertel calling for the EU to use the anti coercion instrument against China over rare earths Points to chokepoints Europe could use: -older DUV machines -airplane components -high precision bearings -powdered superalloys

Trump's attacks on clean energy will have long-lasting impact on US economy • New clean energy capacity added through 2030 will be 23% lower than planned • Trump's attacks on clean energy sector could threaten US rise as superpower for AI and data centres

Last week the Dutch government invoked the Goods Availability Act to stabilise chipmaker Nexperia and reduce risks of strategic dependence on China. This case should remind Europeans to accelerate the build-up of their own trade & tech tools, says Herman Quarles van Ufford. ecfr.eu/article/when...

Beijing is turning its rare earth monopoly into a weapon. The EU needs to treat this as the emergency that it is and unleash its anti-coercion shield to bring China to the negotiating table, write @tobiasgehrke.bsky.social & @jankaoertel.bsky.social @ecfr.eu. Read more: ecfr.eu/article/esca...

Canadian modesty means that the many sensible policies coming out of Ottawa these days remain unheard of abroad - for @foreignpolicy.com I argue that this is a shame, as Canada is offering a blueprint for rich economies to respond to the Trump and China challenges

The Trump administration poses massive challenges to Europe. For the EU, the best response to baffling Trumponomics is to keep calm and carry on. European policymakers should adopt a self-help mindset, writes @agathedemarais.bsky.social @ecfrgeotech.bsky.social https://bit.ly/4mmwh1o

Financing the war is now one of Ukraine's main challenges • Tax and domestic borrowing cover only core military spending, or about two-thirds of the budget • Rosiest forecasts leave a US$45bn shortfall next year, with western support covering just US$27bn of that

L'accord commercial transatlantique de juillet pourrait ne pas être aussi désastreux qu'on le croit - dans cette tribune pour @lemonde.fr j'avance l'idée que l'économie américaine pourrait être la plus grande perdante des guerres commerciales de Trump

The United States, not Europe, will be the biggest loser from Trump's trade wars. Read @ecfr.eu @agathedemarais.bsky.social's op-ed for @lemonde.fr (in French): www.lemonde.fr/idees/articl...

"The step goes against Putin’s pledge not to raise taxes before 2030, but the finance ministry [said] the funds would be used to cover Russia’s spiralling defence expenditure, as well as for support for social spending. The Kremlin's revised plans point to a growing budget deficit"

This really is very good

Just like hippopotamuses, Trump's policies are unpredictable, fast-changing and baffling - in my latest piece for @foreignpolicy.com I argue that to try and manage Trump, EU leaders can channel their inner naturalists and draw five lessons from wild hippo encounters

🦛Hippos may look calm, but their unpredictable and ferocious charges make them the deadliest mammals alive. Trump’s 2nd term feels the same for Europe. @agathedemarais.bsky.social @ecfr.eu explains how the EU can channel its “inner naturalist” to manage it: foreignpolicy.com/2025/09/24/e...

🔍How should Europe respond to Trumponomics? Find @agathedemarais.bsky.social's new @ecfr.eu report in this week's @financialtimes.com Trade Secrets by @alanbeattie.bsky.social: www.ft.com/content/89f7...

Join @globsec.bsky.social and @ecfr.eu @chiara-malaponti.bsky.social this Thursday to discuss the future of EU semiconductor policy. You can register here: www.linkedin.com/video/event/...

Excellent memo to reflect the past months of Transatlantic international political economy @agathedemarais.bsky.social : ecfr.eu/publication/...

Europe's big, beautiful strategy for Trumponomics should use this turbulent moment to push through controversial economic reforms, such as leveraging access to the EU market for digital services & increasing the global role of the euro. @agathedemarais.bsky.social @ecfr.eu ecfr.eu/publication/...

Get yourself a cup of tea (ok, coffee then) and treat yourself to a bit of clarity, the equivalent of a long gentle exhalation.

Very much agree with this EU policy prescription towards Trump, which is mostly to follow the Douglas Adams approach and "Don't Panic"

"Even if Britain were to concede now, US demands would not stop." - Great piece from my @ecfr.eu colleague Nacho Torreblanca in the @financialtimes.com today on why the UK (and the EU) must resist US pressure on tech (de)regulation www.ft.com/content/f4f1...

In this ORF report, @giorgosverdi.bsky.social charts EU–US Big Tech tensions — sharpened after Trump’s 2024 win — and calls on the EU to bolster digital sovereignty and avoid becoming a “digital colony.”

What could an EU Chips Act 2.0 look like? @chiara-malaponti.bsky.social sketches its main contours in this policy brief for @globsec.bsky.social. www.globsecusfoundation.org/publications...

Read the full report: ecfr.eu/publication/...

In @financialtimes.com Nacho Torreblanca warns: caving to Trump on digital tax & content moderation would be an economic and political mistake. The UK must stand firm and defend its tech regulation. Read the op-ed: www.ft.com/content/f4f1...

Which data points are the most useful to understand US-EU relations in the trade, investment and financial fields—and what do these data tell us about the impact of Trumponomics 2.0 on Europe? Here's a selection of 12 charts from my new @ecfr.eu policy brief 👇 [🧵 Thread] ecfr.eu/publication/...

For the EU, the best response to a mercurial US president is to keep calm & carry on. It should adopt a self-help mindset—resisting the urge to impose retaliatory measures that could damage EU economies &, above all, holding the bloc together.  More here: ecfr.eu/publication/... #HablamosDeEuropa

Minimising damage from Trump is only a start. Europeans should seek to make use of this turbulent moment to push through economic reforms that were previously unthinkable, writes @agathedemarais.bsky.social What reforms exactly? 🎧 Listen to the video 👇 @ecfrpower.bsky.social #HablamosDeEuropa

Earlier this month, the European Commission imposed a €2.95 billion fine on Google. In his op-ed for @elmundoes.bsky.social Nacho Torreblanca explains its political significance. Read more (in Spanish): www.elmundo.es/opinion/colu...

Invece di rimuginare su ogni parola di Trump, gli europei dovrebbero guardare a sé stessi e portare avanti le riforme economiche necessarie per rafforzare il ruolo globale dell'🇪🇺. ✍️ @agathedemarais.bsky.social x @ecfrpower.bsky.social x @ecfrgeotech.bsky.social

What can we learn from nine months of Trumponomics, what are the next flashpoints for US-EU trade, investment and finance battles and how can the EU turn the Trump storm into an opportunity? I try to answer these questions in my new @ecfr.eu policy brief (with cool charts) 👇 ecfr.eu/publication/...

Eine großartige, wunderschöne europäische Strategie für die Trump-Ökonomie - in ihrem neuen Policy Brief schreibt @agathedemarais.bsky.social (@ecfrgeotech.bsky.social) , wie Europa die Welle der Veränderungen reiten kann ecfr.eu/publication/...

🌊Every surfer knows you need to ride the wave — not fight it. Eight months in, Europe is still struggling to craft a coherent response to Trumponomics. The way forward: stay calm, stay united, and reform. Read @agathedemarais.bsky.social's new @ecfr.eu policy brief: ecfr.eu/publication/...

For the EU, the best response to Trump is to keep calm and carry on, writes @agathedemarais.bsky.social In the video, she brings three principles how Europeans should deal with Trumponomics @ecfrpower.bsky.social @ecfrgeotech.bsky.social 👇 #HablamosDeEuropa

The US request that the EU impose 100% tariffs on China and India is "the Trump administration saying they won’t be moving forward with sanctions on Russia, because they know that the EU is not going to be imposing such tariffs”, says @agathedemarais.bsky.social. www.scmp.com/news/us/arti...

José Ignacio Torreblanca, Head of ECFR's Madrid Office, on the challenges Europe faces in protecting its democracy and markets from external influences. Click here to watch José's full talk from the 2025 Annual Council Meeting #ACM25: https://bit.ly/4fIuDW5

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📣Join us tomorrow to discuss this year's #SOTEU. Together wiith ECFR’s experts, we will decode Ursula von der Leyen’s messages, and assess the EU’s progress in defence and security, geoeconomics and China-related issues. Register to the webinar: ecfr.eu/event/strong...

An #AI foreign policy requires a dual approach. First, the EU must identify and boost its strategic indispensability across the global AI value chain. Second, it must be willing to use these indispensable assets as leverage. More on our website @ecfr.eu:

Putin’s intensifying economic troubles have important implications for Western policymakers as they begin negotiating with Moscow. Economic pressure remains the best leverage that Ukraine’s supporters have over the Kremlin. Read more in @foreignpolicy.com👉

From pledges of unprecedented defence spending & support to Ukraine to trade tensions with the US & the EU’s precarious balancing act with Beijing— what can we make of von der Leyen’s first State of the Union address since securing a second term? Join the webinar: ecfr.eu/event/strong...

Stronger, Safer… Really? On Wednesday, Ursula von der Leyen will deliver her State of the Union speech 🎤 The day after, on 11th September, our experts will analyse her words and performance of her second mandate. 🔗 Joins us here: https://eu01web.zoom.us/webinar/register/WN_oCwHkc-TRIKsIfadskdqAA

Gauging the true state of Russia's economy is hard, but recent data all point in the same direction - for @foreignpolicy.com I outline how the civilian economy is in a recession, banks fear a financial crisis and oil revenues are not enough to plug the fiscal hole foreignpolicy.com/2025/09/04/r...

Like the US, the EU needs to develop an AI foreign policy. This is vital to allow the EU to amplify its existing AI efforts & to insure it against AI disruption in the economic and security spheres, says @giorgosverdi.bsky.social @ecfr.eu 👉 ecfr.eu/article/why-...