As Donald J. Trump took office again, his return has sparked both enthusiasm and anxiety among European leaders and business groups, particularly regarding his potential impact on Ukraine amid its conflict with Russia. While attendees at a Ukrainian business event in Davos expressed hope for Trump's partnership, deeper uncertainties loom due to his history of challenging trade agreements and foreign policies. The European Commission has established a task force to prepare for possible shifts in U.S. policy, raising concerns over tariffs and defense spending, particularly as Trump hints at a revised stance on the Ukraine war.
We expect President Trump to surprise us, but we do not know what the surprise will be, Andy Hunder, president of the American Chamber of Commerce in Ukraine, said at the party.
The European Commission formed a never-officially-announced group, sometimes colloquially referred to as a Trump task force, which spent much of 2024 working on possible responses.
Mr. Trump's return to the White House has plunged Europe's business leaders and policymakers into a precarious era, as he threatens to impose sweeping tariffs.
How he will adjust America's stance toward Ukraine is one of the biggest questions: During his campaign, he pledged to end the war on his first day in office.
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