WASHINGTON/BRUSSELS/BERLIN (own report) - Internal contradictions are hampering an EU response to the unprecedented tariffs being imposed by the United States. The first tranche of import tariffs came into force on Saturday and more are to follow on Wednesday, hitting stock markets very hard. Share prices have plummeted not only in economies that are key trading partners of the US, such as Japan and Germany, but also in the United States itself. In fact more than six trillion US dollars have been wiped out in just two days. The dollar is also weakening. President Donald Trump has made a “huge mistake” with his tariff wall, says the President of the German Institute for Economic Research (DIW), Marcel Fratzscher. Trump will, he argues, “get the short straw,” which is why he advises the EU to stand together and fight back. However, Brussels has so far showed little inclination, having postponed the implementation of retaliatory tariffs it announced not even against the latest steel tariffs but against those already imposed earlier on Europe. The backsliding results not least from objections to countermeasures by several member states that fear significant losses. Their position is that they would have more to lose than the United States in the event of an escalation. Other countermeasures targeted at US tech corporations are being considered. These, too, have so far been blocked, especially by Italy. The Meloni government maintains particularly close relations with the Trump administration. Read more

PARIS/BERLIN/WASHINGTON (own report) - A Europe-wide think-tank warns of “far-reaching European consequences” of Marine Le Pen’s de facto exclusion from the next presidential election in France. The court ruling has deprived Le Pen of the right to stand for election with immediate effect. This development is, as a recent article from the European Council on Foreign Relations (ECFR) put it, likely to lead to an immediate upswing of support “for anti-establishment movements throughout Europe”. Opinion surveys indicate that almost half of the population in France believes that the judgement was politically motivated. Leading politicians of the extreme right from all across the European Union, including a prime minister and a deputy prime minister, have voiced their support for Le Pen. The Rassemblement National (National Rally) leader has also received wider widespread international backing beyond the EU. Condemnation of the sentence has also come from the right in North America, Latin America and Israel – in the case of Israel, from a government minister who recently hosted representatives from far-right parties around Europe at a conference in Jerusalem. In the United States, the highly influential Trump-advising Heritage Foundation has also weighed in. Le Pen’s conviction has consolidated core elements of a new network of the transatlantic far right as it closes ranks. Read more