Tag Archives: Europe

CNN World: Why Trump’s Crimea proposal would tear down a decades-old pillar of the global order

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US President Donald Trump’s suggestion that Ukraine should recognize Russia’s control over Crimea, the southern Ukrainian peninsula that Moscow annexed more than a decade ago, is threatening to upend international law and order.

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Is this legal?

No. If the Trump administration was to somehow recognize Russian sovereignty over Crimea, it would be breaching international law as well as multiple declarations and agreements made by the United States, including by the first Trump White House.

“In terms of international law, such a pronouncement would be null and void,” said Sergey Vasiliev, an international law expert and professor at the Open University in the Netherlands.

“That territorial acquisitions that result from the use of force shall not be recognized as legal is basically one of the bedrock principles of international law,” Vasiliev told CNN.

Recognizing Crimea as part of Russia would put the Trump administration in breach of the 1994 Budapest Memorandum, in which the US made a commitment to respect Ukraine’s sovereignty and borders, in exchange for Kyiv giving up its nuclear weapons.

In 2018, during the first Trump administration, then-Secretary of State Mike Pompeo issued a statement reaffirming the US’ refusal to recognize the Kremlin’s claims of sovereignty over Crimea.

Why Trump’s Crimea proposal would tear down a decades-old pillar of the global order | CNN
President Donald Trump’s suggestion that Ukraine should recognize Russia’s control over Crimea, the southern Ukrainian peninsula Moscow siezed by force more than a decade ago, is threatening to upend international law and order.

https://www.cnn.com/2025/04/25/world/trump-ukraine-crimea-explainer-intl

Telegraph: Trump’s attempt to upend the global order has already been defeated

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America has emerged from the trade war as an international laughing stock

Characterised by screeching handbrake turns, made-up policy on the hoof and mixed-messaging on steroids, it’s been another week of chaos in Washington.

If anyone knows what on Earth it is that the US is trying to achieve on trade, and much else besides, then I’d like to hear from them, because having come to the US capital in the hope of garnering some insights, I’m none the wiser.

What’s now increasingly obvious, however, is that Trump is in ragged retreat; he’s compromising all over the shop, such that if the plan was to upend the established global order, one can almost definitely say that, beyond the rhetoric, it is already over.

Rank lack of professionalism and organisation has defined the endeavour all along, and now it’s coming apart at the seams. Sensing an administration on the run, no one is any longer hurrying to do a trade deal with the US. From Britain to Canada and beyond, getting the right deal rather than a quick one has become the new mantra.

Trump has in the meantime made himself – and the US – into an international laughing stock, never mind the damage that policy uncertainty is inflicting on the global economy. You’d be forgiven for thinking that chaos is itself the policy goal.

Repeatedly forced to row back on its demands and aspirations, the White House has been left looking back-footed and ridiculous.

Trump’s attempt to upend the global order has already been defeated
America has emerged from the trade war as an international laughing stock

https://www.telegraph.co.uk/business/2025/04/26/trumps-attempt-to-upend-the-global-order-defeated

Financial Times: Vance’s trolling audition to be Trump’s heir

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The many contradictions of the vice-president should not distract from his ambition

It was inevitable that memes about JD Vance would surface the moment Pope Francis passed away. “It’s good to see you in better health,” the US vice-president told the pope on Sunday. The pontiff died on Monday.

As Donald Trump’s chief attack dog — though not yet his heir apparent — Vance is a prime target of ridicule on liberal social media. But he is also a master troller himself. Vance knows that the surest path to Maga hearts and Trump’s approval is to enrage liberals. The question is whether he means anything by it.

And this:

The answer is unclear. Vance has gone from being a never-Trumper who saw Trump as “America’s Hitler” to an arch-Trumper who sees his boss as part of God’s plan. That is as dramatic a political conversion as can happen. Rather than search for an intellectual key, Vance’s shift can be put down to ambition. The better question is whether there are any limits to his ambition. Judging by his performance so far, the answer is not really.

What this last paragraph indicates is that we can’t trust J.D. Dunce to be the person that he pretends to be. He’s an opportunist, a weasel, pure and simple!

https://archive.is/fyhWg

Kyiv Independent: Trump officials ‘fed up’ with Europe’s efforts to strengthen Ukraine, Economist reports

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Some Trump administration officials are dissatisfied with European countries’ ongoing support for Ukraine, underscoring the growing rift between Washington and Europe, the Economist reported on April 15, citing undisclosed diplomatic sources.

Kyiv’s European partners have sought to present a united front on Ukraine, pledging additional assistance and preparing a “reassurance force” of troops to monitor a potential ceasefire.

As Trump’s Amerika slides into international irrelevance …

Trump officials ‘fed up’ with Europe’s efforts to strengthen Ukraine, Economist reports
Some Trump administration officials are dissatisfied with European countries’ ongoing support for Ukraine, underscoring the growing rift between Washington and Europe, the Economist reported on April 15, citing undisclosed diplomatic sources. Kyiv’s European partners have sought to present a united front on Ukraine, pledging additional assistance a…

https://www.msn.com/en-us/news/world/trump-officials-fed-up-with-europe-s-efforts-to-strengthen-ukraine-economist-reports/ar-AA1D2afd

CNBC: Trump tariffs on China will soon bring ‘irreversible’ damage to many American businesses

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  • On Saturday, the Trump administration said it would exempt technology products like the iPhone, PCs and chips from much of the recently imposed Chinese tariffs.
  • But for most businesses in the U.S., orders from China are being canceled and Chinese freight being shipped could be abandoned.
  • Without a wider pause in the trade war with China, the damage will soon be “irreversible” for U.S. businesses, according to a retail expert, including furniture, toys, apparel, footwear, and sports equipment.

Apple’s iPhone and other technology hardware, from chips to PCs, received a China tariff reprieve from President Trump on Saturday, but for much of the U.S. economy and small business owners, the damage will soon be irreversible from the 145% tariffs being imposed on Chinese imports.

Canceled freight orders and abandoned freight from China are quickly becoming the norm in the trade war between the U.S. and China, according to supply chain executives, as businesses across U.S. industries put a full stop on container exports, with the tariffs hitting like a ton of bricks.

“Furniture producers in China have seen a complete halt in orders from U.S. importers, and we’re hearing the same across toys, apparel, footwear, and sports equipment,” said Alan Murphy, founder and CEO of Sea-Intelligence.

“We had the same across Southeast Asia, but after the 90-day reprieve those bookings have restarted,” said Brian Bourke, chief commercial officer for SEKO Logistics, while the cancelled bookings for containers out of China continue. 

“Almost everything is on hold as it relates to China business,” said Alan Baer, CEO of OL USA.

“Trump’s 145% total tariff on Chinese imports would stop most trade between the U.S. and China,” economist Erica York, vice president of federal tax policy at the Tax Foundation’s Center for Federal Tax Policy, said on Thursday on CNBC’s “The Exchange.”

“There may still be some things without any substitutes that companies just have to foot the bill, but for the most part, that cuts it off,” York said.

How can Americans possibly benefit from this?

https://www.cnbc.com/2025/04/12/trump-tariffs-on-china-mean-irreversible-damage-for-most-businesses.html

Mediaite: The Wall Street Journal Torches Trump for ‘Hurting His Own Cause and Country’ Instead of China: ‘Making It Up as He Goes’

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The Wall Street Journal continued its assault on President Donald Trump’s trade policy in a new editorial questioning if he even has a “China trade strategy.”

“It’s all going according to plan, says the White House, and you almost have to smile at this spin in trying to sell President Trump’s partial tariff reversal this week as a triumph,” began the Journal in its opening salvo. “The reality is that Mr. Trump is making it up as he goes, and it would help if he had an actual strategy to deal with China in particular.”

After noting that Trump has escalated his trade war with China, it went on to submit that it isn’t clear whether the administration seeks “complete decoupling” or a “trade deal” with the Chinese.

The Wall Street Journal Torches Trump for ‘Hurting His Own Cause and Country’ Instead of China: ‘Making It Up as He Goes’
The Wall Street Journal continued its assault on Donald Trump’s trade policy in a new editorial questioning if Trump even has a “China trade strategy.”
The Wall Street Journal Torches Trump for ‘Hurting His Own Cause and Country’ Instead of China: ‘Making It Up as He Goes’

CNBC: Delta CEO says Trump tariffs are hurting bookings as airline pulls 2025 forecast

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  • Delta Air Lines CEO Ed Bastian called President Donald Trump’s tariffs “the wrong approach.”
  • The airline cut its growth plans and said it can’t reaffirm its 2025 financial guidance.
  • Delta last month lowered its first-quarter forecast due to disappointing bookings.
Delta CEO says Trump tariffs are hurting bookings as airline pulls 2025 forecast
Delta said it couldn’t reaffirm its 2025 financial guidance.

https://www.cnbc.com/2025/04/09/delta-air-lines-dal-1q-2025-earnings.html

Americans Are Behaving As If They’re Going Into a Recession, Delta CEO Says
Corporate and domestic leisure travel has stalled since late February, according to Delta, the first major airline to release earnings since widespread tariffs were announced.

https://www.investopedia.com/americans-are-behaving-as-if-theyre-going-into-a-recession-delta-ceo-says-11711319

Delta warns of ‘economic uncertainty’ and ‘stalled growth’ in new recession alarm bell | CNN Business
Delta Air Lines warned that revenue could fall in the current quarter and that “growth has largely stalled,” forcing it to drop plans to offer more seats to passengers, in another warning sign about a possible recession hitting even businesses not directly impacted by recent tariffs.

https://edition.cnn.com/2025/04/09/business/delta-earnings-economic-warning/index.html

Deccan Herald: The world suddenly has a plausible alternative to US treasuries

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Bond traders will be trying to gauge who blinks first, will it be the Fed or President Trump? If both stick to their current stance every Treasury auction is a landmine which investors will fear stepping in to.

Yields on the benchmark 10-year Treasury have tumbled about 40 basis points this year, briefly pushed below 4% Monday by President Donald Trump’s barrage of tariffs that economists say raise the risk of a recession.

In contrast, comparable rates in both Europe and Japan have gone up. In Germany, the 10-year bund at 2.61% reflects the prospect of a flood of bond issuance as the government ramps up defense spending. Meanwhile, the rate on 10-year Japanese bonds has soared after spending years around zero and is now around 1.25% as investors brace for tighter monetary policy there.

While both are still well below Treasury yields, they’re at levels that makes them look more attractive than Treasuries to European and Japanese investors who hedge their dollar exposure when buying US securities. That might entice investors to shift allocations to their home markets, where the policy outlook appears more stable.

Global Finance Shift: Emerging Alternative to US Treasuries
Global Finance Update: Explore the new viable alternative to US treasuries that’s capturing global attention.

https://www.deccanherald.com/world/the-world-suddenly-has-a-plausible-alternative-to-us-treasuries-3483968

New York Post: Elon Musk rips ‘moron’ Trump trade adviser Peter Navarro: ‘Dumber than a sack of bricks’

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It’s a dog-eat-dog world, and it’s always entertaining to see the mutts chewing on one another. “Dumber than a sack of bricks” applies equally to F’Elon Musk as well as to Peter Navarro.

Musk, 53, responded Tuesday to the trade adviser’s suggestion on CNBC’s “Squawk Box” Monday that the Tesla boss was “not a car manufacturer” but “a car assembler,” pointing to the electric vehicle company’s importing of batteries and other key components to manufacture its cars. 

“Navarro is truly a moron. What he says here is demonstrably false,” Musk wrote on X, adding in a subsequent post in which he tagged the “Re—d Finder”: “Tesla has the most American-made cars. Navarro is dumber than a sack of bricks.”

Elon Musk rips ‘moron’ Trump trade adviser Peter Navarro: ‘Dumber than a sack of bricks’
Billionaire Elon Musk escalated his attacks against White House trade adviser Peter Navarro Tuesday, calling him a “moron” and “dumber than a sack of bricks.”

https://nypost.com/2025/04/08/us-news/elon-musk-rips-moron-trump-trade-adviser-peter-navarro

Guardian: Vance’s posturing in Greenland was not just morally wrong. It was strategically disastrous

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Thanks to Trump’s administration, the US could soon have to fight wars to get things that, just a few weeks ago, were there for the asking

The American vice-president, JD Vance, visited a US base in Greenland for three hours on Friday, along with his wife. National security adviser Mike Waltz and his wife also went along. Fresh from using an unsafe social media platform to carry out an entirely unnecessary group chat in which they leaked sensitive data about an ongoing military attack to a reporter, and thereby allegedly breaking the law, Waltz and Vance perhaps hoped to change the subject by tagging along on a trip that was initially billed as Vance’s wife watching a dogsled race.

The overall context was Trump’s persistent claim that America must take Greenland, which is an autonomous region of Denmark. The original plan had been that Usha Vance would visit Greenlanders, apparently on the logic that the second lady would be an effective animatrice of colonial subjection; but none of them wanted to see her, and Greenland’s businesses refused to serve as a backdrop to photo ops or even to serve the uninvited Americans. So, instead, the US couples made a very quick visit to Pituffik space base.

At the base, in the far north of the island, the US visitors had pictures taken of themselves and ate lunch with servicemen and women. They treated the base as the backdrop to a press conference where they could say things they already thought; nothing was experienced, nothing was learned, nothing sensible was said. Vance, who never left the base, and has never before visited Greenland, was quite sure how Greenlanders should live. He made a political appeal to Greenlanders, none of whom was present, or anywhere near him. He claimed that Denmark was not protecting the security of Greenlanders in the Arctic, and that the US would. Greenland should therefore join the US.

It takes some patience to unwind all of the nonsense here.

Vance’s posturing in Greenland was not just morally wrong. It was strategically disastrous | Timothy Snyder
Thanks to Trump’s administration, the US could soon have to fight wars to get things that, just a few weeks ago, were there for the asking, says professor Timothy Snyder of Yale University

Vance’s posturing in Greenland was not just morally wrong. It was strategically disastrous | Timothy Snyder | The Guardian