Faith and Truth ... Donald Trump believes in a fair agreement with the EU

Source: dpa | Translated by AI 2 min Reading Time

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With regard to the customs dispute with the European Union, US President Donald Trump is convinced that there will be a 100 percent agreement.

Respect, respect! Italy's Prime Minister Giorgia Meloni was recently a guest of Donald Trump at the White House. Since then, many believe that there will be an amicable agreement with Europe before the tariffs, which have been suspended for 90 days, come back into force ...(Image: AP)
Respect, respect! Italy's Prime Minister Giorgia Meloni was recently a guest of Donald Trump at the White House. Since then, many believe that there will be an amicable agreement with Europe before the tariffs, which have been suspended for 90 days, come back into force ...
(Image: AP)

Donald Trump firmly believes that there will be an agreement with the EU regarding the customs dispute. And it will even be a fair agreement. At least that is what Trump said at a meeting with Italian Prime Minister Giorgia Meloni at the White House. When asked by one of the invited press representatives what would happen if an agreement was not reached at the end of the 90-day break he had set, he replied almost mockingly: "What? Of course there will be a trade agreement! After all, the EU is desperate to make a deal!" However, this demonstrative certainty follows a familiar pattern. Because Trump likes to make clear announcements to soften up negotiating partners. Last week, for example, following major turbulence on the stock and financial markets, the US President surprisingly decided to spare many countries—including the EU—from his tariffs for 90 days. Only China is still affected. Trump has therefore put part of his huge tariff package on hold for the time being. The EU had also announced that it would suspend planned counter-tariffs on US products for 90 days.

Italy's Prime Minister Wants to Find a Middle Way

Meloni commented at the meeting that the aim is to find a middle way. She also wants to invite Trump to Italy for talks. Trump was full of praise for the guest from Italy: "She's a great prime minister. I think she's doing a fantastic job in Italy. We are very proud of her." Like many other European heads of government, Meloni had previously criticized Trump's announcement of new punitive tariffs. At the same time, however, she is trying to maintain a good relationship with the US president and offered herself as a bridge builder. The leader of the right-wing party Fratelli d'Italia (Brothers of Italy) attended Trump's inauguration in January and was previously a guest at his Mar-a-Lago residence in Florida. Among European heads of government, Meloni is considered one of Trump's preferred contacts.

The IMF Chief Fears for Confidence in the Economic System

Even against the backdrop of the escalating trade conflict, which was triggered by none other than Trump, IMF chief Kristalina Georgiewa had warned of growing burdens for the global economy just a few hours earlier: "Our new growth forecasts will include significant downward revisions, but do not predict a recession!" There will also be upward revisions to the inflation forecast for some countries. At the same time, Georgiewa also expressed her concern about increasing nervousness on the financial markets. In her opinion, uncertainty has literally gone through the roof. According to her, the escalating trade dispute has shaken confidence in the international economic system and is weighing not only on smaller economies, but also on major trading partners.

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