The first 100 days of President Donald Trump’s second term have caught up with European leaders as geopolitics and trade disruptions have risen.
“This is different from anything else we’ve seen before from the US administration,” European Union foreign policy director Kaja Karas told CNBC’s “early European edition” when asked what Trump’s first 100 days had meant for the Bullock so far.
The crow told CNBC’s Sylvia Amaro that it was “very intense” and “destructive” times and “many unpredictability.”
“So this is how we are being run to try and manage with the new administration,” she said.
Europe faces an increase in uncertainty in two ways as a result of Trump’s policy: trade and the Ukrainian war in Russia.
Trump temporarily cut blanket operations for 20% of the EU’s US exports to allow negotiations. The Bullock prepared its own anti-measurement, but these were also put on hold after Trump suspends his own policies. It also faces US tariffs on aluminum, steel and automobiles.
However, even if the trade hits, the EU is widely expected to be affected by some of the fallout from the ongoing trade disputes between the US and other trading partners, such as China.
While European economic growth is expected to suffer as a result of trade tensions, the impact on inflation is flooded to say the least, European Central Bank policymakers told CNBC last week at the IMF World Bank spring meeting where “uncertainty” is the game’s name.
“We haven’t seen this uncertainty in years now,” said Robert Holtzmann, governor of Austria’s central bank. “Unless uncertainty is subsided by the right decisions, we need to restrain many decisions. Therefore, we still don’t know which direction monetary policy should move,” he added in relation to the ECB’s interest rate outlook.
Meanwhile, Dutch bank chairman Klaas Knot compared the current uncertainty to what he experienced early in the Covid-19 pandemic.
“In the short term, it is clear that the uncertainty created by the unpredictability of tariff actions by the US government serves as a strong negative factor for growth,” he said.
Others spoke somewhat positively. He added that more will need to be done for the trust between the two parties to break.
Trump’s approach to the Russian and Ukrainian war has disrupted Europe’s feathers as it leaves funding and support for Ukraine around the United States.
Karas told CNBC that the EU and its members “supported Ukraine more than anyone else,” but also confirmed that the US also contributed to a “big share.”
“If they don’t support Ukraine anymore, that’s getting more difficult. But the problem is for Europe. Can we do this? Of course, I think we can do this… Of course, some military capabilities questions are much more difficult,” she said.
Trump initially said he would end the war within a day, but has since returned those comments. His administration has quickly launched conversations about ceasefire contracts, but progress is limited.
Crows said Monday that more pressure on Russia needs to be put in place to push the country forward to hope for peace.
