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Counting the costs of Donald Trump

Counting the costs of Donald Trump

New European05-02-2025
Last Thursday, 30th January, the Europaeum – a network of 17 leading universities in Europe, based at Oxford University – held its first online seminar on global issues. The subject could not have been more topical: 'Trump 2.0: Implications for Europe, America, and the world'.
The New European is partnering with the Europaeum to bring the discussion to a wider audience. We asked the five speakers to set out their key arguments in short pieces which we have pleasure in publishing today.
Leslie Vinjamuri of Chatham House explains how Trump 2.0 is already proving much more ambitious and challenging to Europe than Trump 1.0 on multiple fronts.
Ian Lesser of the German Marshall Fund defines Donald Trump's 'revolutionary' foreign policy as based on nationalism, unilateralism and geopolitics.
Jacob Funk Kirkegaard of Bruegel and the Peterson Institute argues that the next four years could be marked by higher inflation and a boom-bust cycle in the United States.
Suzanne Schneider of the Brooklyn Institute points to the contradictory pressures in Trump's new right coalition, each undermining market economics and dismantling the Reagan-Thatcher revolution.
In drawing the threads together, Andrew Graham, the chair of the Europaeum who was Master of Balliol College, Oxford, looks to opportunities for Europe, as well as threats, as we negotiate the coming challenges of Trump's second term.
If you would like to hear the full debate, you can do so by going to the following web link on YouTube.
The Europaeum will be organising regular online seminars, which will also be featured in these pages.
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