logo
Poland's high-stakes presidential vote pits pro-EU centrist against MAGA nationalist

Poland's high-stakes presidential vote pits pro-EU centrist against MAGA nationalist

Yahoo28-05-2025

By Barbara Erling
WARSAW (Reuters) - Poles vote in a closely fought presidential election run-off on Sunday that pits the centrist, pro-European ruling party's candidate against a nationalist challenger who draws inspiration from U.S. President Donald Trump.
Opinion polls show Warsaw Mayor Rafal Trzaskowski of the ruling Civic Coalition (KO) narrowly leading Karol Nawrocki, the candidate backed by the main opposition Law and Justice (PiS) party, ahead of the June 1 second round, which will have consequences for EU ties and relations with Ukraine.
The two candidates embody contrasting visions of Poland's international relations, security strategy and social policies.
Trzaskowski, 53, the Oxford-educated son of a jazz musician, champions a liberal agenda that stresses the importance of women's rights and strong ties with the European Union and NATO.
Nawrocki, 42, a historian who has been endorsed by the Trump administration, has positioned himself as a newcomer with no political baggage. He wants Poland to follow a path inspired by Trump and regards Washington as Warsaw's key ally, not Brussels.
Julia Szwoch, a 25-year-old student of pedagogy from the northern port city of Gdansk, said she would back Trzaskowski in Sunday's run-off vote.
"I want to live in a Poland that is inclusive and takes into account the needs of all people," she said.
In contrast, Michal Diug, 21, an electrotechnology student, said he would probably back Nawrocki "so there isn't a monopoly of power" at the top of the Polish state.
Trzaskowski has promised "peaceful cooperation" with the government of Prime Minister Donald Tusk and to help undo changes to Poland's judiciary under PiS that critics in the EU and at home said had eroded democratic checks and balances.
In the October 2023 election, PiS lost its parliamentary majority to Tusk's coalition after eight years in power, amid widespread public dissatisfaction over PiS's record on women's and minority rights.
However, Poland's outgoing president, Andrzej Duda, a PiS ally, has used his veto power to block many of Tusk's reforms and Nawrocki vows to do the same, describing the election as a referendum on the government.
"If my opponent, Karol Nawrocki, wins there will be only chaos," Trzaskowski told a mass rally in Warsaw last Sunday.
Trzaskowski faces a tricky balancing act ahead of the second round. He wants to appeal both to supporters of the far-right Confederation, whose candidate placed third in the first round, and to progressives disappointed with Tusk's government.
He has said he is against accepting more refugees after Poland took in almost a million Ukrainians fleeing the war next door, but remains committed to liberalising abortion laws.
"We have to go wide," said Dorota Loboda, a Trzaskowski campaign team member.
CONSERVATIVE VOICE
Nawrocki said that after years of what he calls "mistakes", including energy dependence on Russia and the EU climate pact, Europe needs "a strong, conservative voice, also from Poland".
"I will make sure that Poland becomes the leader of the European Union in transatlantic relations. We have the best cards for this," he told the Conservative Political Action Conference in Poland on Tuesday.
His campaign has been characterized by nationalist rhetoric and a focus on traditional values. Nawrocki opposes abortion and aims to keep coal mines operating until Poland develops its own nuclear energy. He opposes EU migration policies.
Although Nawrocki says he favours continued Polish support for Ukraine's war effort, he says he would not ratify any application by Kyiv to join NATO. Trzaskowski argues that Poland's own safety depends on Ukraine joining NATO.
Nawrocki has faced allegations about his past in liberal media outlets, including a report that he lied about owning a second property and that he acquired it from an elderly man in return for a promise of care which he did not provide. He has denied any wrongdoing.
Trzaskowski has faced questions over whether a series of advertisements criticising his opponents subverted campaign spending rules. He also denies any wrongdoing.
The election takes place against a backdrop of rising anti-establishment sentiment in Poland, with the far-right achieving their strongest ever showing. Pollsters expect far-right votes to go mainly to Nawrocki.
"We can already see in these elections that these anti-establishment emotions are driven by a perception that the politicians have again failed to deliver," said Filip Pazderski, an analyst at the Stefan Batory Foundation.
"The situation will become ever more difficult for the current government," said Pazderski, adding that if Tusk fails to deliver on his promises, existing tensions between coalition partners could intensify and a snap parliamentary election might become inevitable.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rubio vowed to revoke Chinese student visas. Trump now says Chinese students are welcome
Rubio vowed to revoke Chinese student visas. Trump now says Chinese students are welcome

Los Angeles Times

time24 minutes ago

  • Los Angeles Times

Rubio vowed to revoke Chinese student visas. Trump now says Chinese students are welcome

In a potential pullback after U.S. officials said two weeks ago that they would 'aggressively' revoke visas for Chinese students enrolled at U.S. universities and increase vetting of student visa applicants, President Trump said Wednesday that he had come to an agreement with China on students 'using our colleges and universities.' The president offered no details on the students in the announcement posted to his Truth Social platform as part of a brief outline of a trade deal with China that he said was pending approval by each side. But the decision appeared to relax a clampdown on America's second-largest international student group that has been under increased scrutiny since May 28, when Secretary of State Marco Rubio suggested the U.S. would broadly revoke Chinese student visas and target individuals with ties to the Chinese Communist Party or who studied unnamed 'critical fields.' On Wednesday, Trump said that having Chinese students at U.S schools 'has always been good with me!' 'Our deal with China is done, subject to final approval with President Xi and me. Full magnets, and any necessary rare earths, will be supplied, up front, by China. Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities (which has always been good with me!). We are getting a total of 55% tariffs, China is getting 10%. Relationship is excellent! Thank you for your attention to this matter!' Trump said in his all-caps post. The State Department did not respond to a request for clarification on the visa matter, including the question of whether Rubio's comments still applied. The May policy to aggressively cancel Chinese student visas has roiled higher education nationally and in California. Universities depend on the full tuition fees paid by international students and see Chinese and other foreign students as integral to their academic operations and missions to foster diverse campuses. The May 28 Rubio announcement — and now the potential relaxing of it — has exacerbated growing uncertainty at universities, which have been dealt a barrage of actions under Trump, including grant cancellations, federal investigations into alleged antisemitism and investigations into admissions policies. International students have especially been in the crosshairs. There have been thousands of student visa cancellations over the spring for violations as minor as speeding tickets and attempted deportations of pro-Palestinian college activists who are international students. There is a pause of new student visa application appointments while the State Department increases security vetting procedures, including probing social media profiles for pro-Palestinian language and imagery. Trump's new travel ban, which went into place Monday, has also led some universities to advise incoming students from countries on the list to defer enrollment. Of the 1.1 million foreign students enrolled at U.S. universities, roughly 277,000 are Chinese — second only to Indians. The 51,000 Chinese nationals in California make up more than a third of the state's nearly 141,000 foreign students. The University of California has 17,832 Chinese students across all of its campuses. Locally, USC has nearly 6,000 and UCLA has 2,208. A UC spokesperson declined to comment on Trump's social media post and pointed The Times to the university's prior statement on Chinese student visa restrictions that said it was 'concerned about the U.S. State Department's announcement to revoke visas of Chinese students.' 'Chinese students, as well as all our international students, scholars, faculty and staff, are vital members of our university community and contribute greatly to our research, teaching, patient care and public service mission,' the statement said. A USC spokesperson did not respond to a request for comment Wednesday. While there are no data pointing to widespread security concerns over Chinese students and scholars, there have been incidents in recent years. This week, the U.S. said it arrested a Chinese scientist who was arriving in Detroit to pursue research at the University of Michigan. The scientist, from University of Science and Technology in Wuhan, is accused of illegally smuggling biological material related to worms that require a government permit. In an interview, Rep. Mark Takano (D-Riverside), a member of the Republican-led House Committee on Education and the Workforce, called the potential Trump shift on Chinese student visas an example of 'TACO,' a phrase some Democrats are using to say 'Trump always chickens out,' reflecting the president's policy shifts. Republicans have argued that the president's shifts are a negotiation strength. 'In allowing Chinese students to come here, it's part of the importance of the United States being a draw for students from everywhere,' Takano said. 'But his overreach, his interference in the operations of universities ... endangers the higher education enterprise of America.' There is also political value to the U.S. in having Chinese students here, experts said. 'For the United States, bringing Chinese students [here] isn't just about educating them in subjects like math and science — it is about educating them in American values, like democracy and freedom of speech,' said Emily Baum, an associate professor of modern Chinese history at UC Irvine. 'And the expectation is that either they will stay in the United States because they enjoy life here or take those values back to China and influence the political system.' It could be that some Chinese students are turned off by the vacillations of the Trump administration and decide to stay in China for university, one expert added. Gaurav Khanna, an associate professor of economics at UC San Diego, said that around the year 2000, China began a major campaign to build new universities. Within about half a decade, it had doubled the number of institutions in the country, he said. 'They invested heavily,' Khanna said. 'In some ways, they are well-suited to say, 'Hey, don't risk your future going to a second-tier American university. Why don't you stay back here in China and go to this really good university where ... there is funding for research?''

Hegseth wavers on Russia sanctions, says US should not use ‘every tool' to end Ukraine invasion
Hegseth wavers on Russia sanctions, says US should not use ‘every tool' to end Ukraine invasion

New York Post

time29 minutes ago

  • New York Post

Hegseth wavers on Russia sanctions, says US should not use ‘every tool' to end Ukraine invasion

WASHINGTON — Defense Secretary Pete Hegseth resisted senators' efforts to secure his support for a bipartisan bill that would sanction Russia for its war on Ukraine, telling an Appropriations subcommittee Wednesday that the US should not use 'every tool at our disposal' to pressure Moscow to stop its assault. Asked by Sen. Chris Coons (D-Del.) whether Washington 'should use every tool it has at its disposal, including additional sanctions, to pressure Russia to come to the table to negotiate a just and lasting peace for the war in Ukraine,' Hegseth demurred. 'Senator, every tool at our disposal? No,' he said. 'We have a lot of tools in a lot of places.' 'We should be pursuing a cease-fire and a negotiated resolution to the war in Ukraine at any cost,' Coons responded. ''Peace through strength' means actually using our strength, continuing to support Ukraine, and securing a lasting peace. [Vladimir] Putin will only stop when we stop him.' 4 Defense Secretary Pete Hegseth testified Wednesday at a Senate Appropriations Committee hearing. REUTERS Prior to questioning Hegseth, Coons had talked up Sen. Lindsey Graham (R-SC) and Sen. Richard Blumenthal's (D-Conn.) pending bill to further sanction Russia for its continued resistance to peace in Ukraine. The legislation, backed by 80 senators, would impose sanctions on key Russian officials and economic sectors — and, critically, penalize foreign nations that do business with Moscow. Graham later followed up, urging Hegseth and the administration 'to use that tool to get the attention of China and India.' 'China buys — and India buys — 70% of Russia's oil … If they stop buying cheap Russian oil tomorrow, would that grind Putin's war machine to a halt?' Graham asked, later adding: 'We have an ability, through legislation, to get China and India's attention [and say] that if you keep buying cheap Russian oil to empower Putin to kill Ukrainian children, you're going to lose access to our markets. 'We're not going to evict every Russian from Ukraine, I'm a practical guy,' Graham added. 'But we got to end this war so we don't entice China to take Taiwan, and we don't encourage Iran to think we're just all talk [about] stopping their nuclear ambitions.' 4 Sen. Lindsey Graham (R-S.C.) questions Secretary of Defense Pete Hegseth during a Senate Committee on Appropriations subcommittee hearing to examine proposed budget estimates for fiscal year 2026 for the Department of Defense. AP On Friday, the Wall Street Journal reported that the White House was quietly pushing Graham to water down the bill by allowing waivers to exempt certain people and entities from sanctions and to 'remove the mandatory nature' of the legislation. A White House official told the outlet that the Constitution 'vests the president with the authority to conduct diplomacy with foreign nations.' 'Any sanction package must provide complete flexibility for the president to continue to pursue his desired foreign policy,' they added. Hegseth did admit Wednesday that Russia is the 'aggressor' in Ukraine and that Chinese President Xi Jinping wants Moscow to 'win' the conflict. However, the secretary declined to answer Sen. Mitch McConnell's (R-Ky.) question about 'which side' he wanted to win the war. 'As we've said time and time again, this president is committed to peace in that conflict,' Hegseth said. 'Ultimately, peace serves our national interests, and we think the interests of both parties, even if that outcome will not be preferable to many in this room and many in our country.' 4 Defense Secretary Pete Hegseth (R) greets Chairman of the Joint Chiefs of Staff Air Force Gen. Dan Caine before testifying during a hearing with the Senate Appropriations Committee on June 11. Getty Images McConnell pushed further, noting that the Russians 'don't seem to be too interested' in peace talks. The former Senate GOP leader also alleged that NATO partners increasing their defense spending at Trump's behest are now wondering 'whether we're in the midst of brokering what appears to be allowing the Russians to define victory.' 'I think victory is defined by the people that have to live there, the Ukrainians,' he said. 'And I don't think they're going to ever conclude that victory means basically adopting the Russian views on all this. ' Hegseth responded that 'no one's adopting views,' but added that the upcoming National Defense Authorization Act does not include funding of weapons for Ukraine because 'the budget reflects the reality that Europe needs to step up more for the defense of its own continent, and President Trump deserves the credit for that.' 4 Ranking member Sen. Chris Coons (D-Del.) speaks with subcommittee Chairman Sen. Mitch McConnell (R-KY) during a hearing with the Senate Appropriations Committee on June 11, 2025. Getty Images McConnell agreed, noting that he had 'the same complaints' about the Biden administration not pushing hard enough for Europe to fund Ukraine's defense. Still, the Kentuckian insisted that by not standing foursquare behind the Kyiv government, 'it seems to me pretty obvious that America's reputation is on the line.' 'Will we defend democratic allies against authoritarian aggressors?' McConnell asked. 'That's the international concern that I have about this, and I think a number of my fellow members share that view.'

Trading Day-Good vibrations turn sour
Trading Day-Good vibrations turn sour

Yahoo

time30 minutes ago

  • Yahoo

Trading Day-Good vibrations turn sour

By Jamie McGeever ORLANDO, Florida (Reuters) - TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist I'm excited to announce that I'm now part of Reuters Open Interest (ROI), an essential new source for data-driven, expert commentary on market and economic trends. You can find ROI on the Reuters website, and you can follow us on LinkedIn and X. The US and China have reached a trade deal, or at least agreed on the framework of a deal, which together with surprisingly soft U.S. inflation data, gave markets a lift on Wednesday. But Wall Street's gains were mild, and they were later wiped out by rising tensions in the Middle East. In my column today I look at the 'equity risk premium' and other metrics that suggest relative U.S. equity and bond valuations are getting very stretched. More on that below, but first, a roundup of the main market moves. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today. 1. China's latest trade truce with US leaves investors nonethe wiser 2. Dollar keeps losing market share but euro slow tobenefit: ECB study 3. US importers turn to brokers to navigate Trump-eratariffs, at a cost 4. When it comes to a US debt default, never say never 5. No longer the big outlier, Italy sees bond renaissance:Mike Dolan Today's Key Market Moves * Wall Street ends in the red, having earlier hit highslast seen in February-March. The S&P 500 falls 0.3%, the Nasdaqloses 0.5%. Consumer cyclicals sector falls 1%, and energy isthe best-performing sector up 1.5%. * U.S. stock market volatility, as measured by the VIXindex, falls to its lowest in almost four months earlier in theday. * Treasuries rally, also boosted by soft inflation and astrong 10-year auction. Yields end down as much as 7 bps, curvebull steepens slightly. * Oil hits a two-month high, rising more than 4% aftersources say the US is preparing to evacuate its Iraqi embassydue to heightened security concerns in the region. Brent crudereaches $69.77/bbl, WTI rises above $68/bbl. * Precious metals rise, led by a surge in platinum to a4-year high above $1,280/oz. Platinum rose as much as 5% and isup over 20% in June, which would be its best month since 2008. Good vibrations turn sour It's a "done" deal, according to U.S. President Donald Trump, although the he and Chinese leader Xi Jinping still have to finalize the wording of the trade agreement between the two superpowers and sign off on it. The main points of the deal appear to be: China will remove export restrictions on rare earth minerals and other key industrial components; U.S. tariffs on Chinese goods will total 55%; Chinese tariffs on U.S. goods will total 10%. Trump could not have been more enthusiastic in his praise for the agreement on Wednesday, and Commerce Secretary Howard Lutnick said 'deal after deal' with other countries will follow in the weeks ahead. Yet, judging by the relatively muted market reaction, investors are less enthused. And given the chaotic and unpredictable nature of the Trump administration's tariff announcements thus far, the irony of Treasury Secretary Scott Bessent calling on China to be a "reliable partner" in trade negotiations will not be lost on some observers. Especially, one suspects, in Beijing. Based on these proposed China levies, and with the US expected to conclude more trade deals in the coming weeks, the overall U.S. effective tariff rate will be lower than feared a couple of months ago. That's a relief. But the effective tariff rate of around 15% that many economists expect will still be significantly higher than the 2.5% rate at the end of last year, and would be the highest since the 1930s. Also, as the May inflation figures showed, tariffs have yet to be felt on prices. Investors - and Fed policymakers, who meet next week - are in a state of limbo. How will corporate profits and consumer spending be affected? What proportion of the tariffs will companies "swallow", and how much will they pass on to their customers? Zooming out, inflation appears to be cooling around the world, although this trend is expected to reverse once tariffs start to fuel higher goods price inflation. Figures on Wednesday showed that U.S. consumer inflation and Japanese wholesale inflation were lower than expected in May. These reports follow similar numbers from Europe recently, and China remains stuck in its battle against deflation. Next up is India, which releases consumer inflation figures on Thursday, which are expected to show annual inflation slowed to 3.0% in May, the lowest in more than six years. Another focus for investors on Thursday will be the auction of 30-year U.S. Treasury bonds. US stocks-bonds warnings flash amber again Calm has descended on U.S. markets following the 'Liberation Day' tariff turmoil of early April. But Wall Street's rally has revived questions about U.S. equity valuations, as stocks once again look super pricey compared to bonds. Since the chaotic days of early April, U.S. equities have rebounded fiercely, with the S&P 500 up 25%, putting the Shiller cyclically adjusted price-earnings (CAPE) ratio for the index in the 94th percentile going back to the 1950s, according to bond giant PIMCO. Stocks are looking expensive in absolute terms, and in relation to bonds. The equity risk premium (ERP), the difference between equity yields and bond yields, is near historically low levels. According to analysts at PIMCO, the ERP is now zero. The previous two times it fell to zero or below were in 1987 and 1996–2001. In both instances, the ultra-low ERP precipitated a steep equity drawdown and sharp fall in long-dated bond yields. "The U.S. equity risk premium ... is exceptionally low by historical standards," they wrote in their five-year outlook on Tuesday. "A mean reversion to a higher equity risk premium typically involves a bond rally, an equity sell-off, or both." But reversion to the mean doesn't just happen by magic. A catalyst is needed. Equities have recovered largely because they were oversold in April, trade tensions have been dialed down, and investors remain confident that Big Tech will drive solid AI-led earnings growth. So even though huge economic, trade, and policy risks continue to hang over markets, there is no sign of an imminent catalyst that would cause an equity market selloff. CHEAP FOR A REASON The flip side of equities looking expensive is that bonds look like a bargain. Indeed, the relative divergence between stocks and bonds is such that, by one measure, U.S. fixed income assets are the cheapest relative to equities in over half a century. Using national flow of funds data from the Federal Reserve, retired strategist Jim Paulsen calculates that the total market value of U.S. bonds as a percentage share of the total market value of U.S. equities is the lowest since the early 1970s. "Since the aggregate U.S. portfolio is currently aggressively positioned, investors may have far more capacity and desire to boost bond holdings in the coming years than most appreciate," Paulsen wrote last week. But bonds are 'cheap' for a reason. Washington's profligacy – the reason ratings agency Moody's recently stripped the U.S. of its triple-A credit rating – and inflation worries have kept yields stubbornly high. The term premium - the risk premium investors demand for holding long-term debt rather than rolling over short-dated loans - is the highest in over a decade, reflecting concerns about Uncle Sam's long-term fiscal health. And the diagnosis here shows no signs of improving. Trump's 'Big Beautiful Bill' is expected to add $2.4 trillion to the U.S. debt over the next decade, according to the nonpartisan Congressional Budget Office, likely putting more upward pressure on yields. Of course, equity investors do seem to be pricing in a very rosy scenario, and the past few months have shown how quickly the market landscape can change. The U.S. economy could weaken more than expected, the trade war could escalate, or there could be a geopolitical surprise that causes bond yields and equity prices to fall. Investors should therefore be mindful of the warnings being sent by ERPs and other absolute and relative valuation metrics. However, they should also remember that stretched valuations can get even more stretched. As the famous saying goes, markets can stay irrational longer than investors can remain solvent. What could move markets tomorrow? * India CPI inflation (May) * UK trade (April) * UK industrial production (April) * ECB's Jose Luis Escriva and Frank Elderson speak atseparate events * Brazil retail sales (May) * $22 billion U.S. 30-year Treasury note auction * U.S. weekly jobless claims * U.S. PPI inflation (May) Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. (By Jamie McGeever; Editing by Deepa Babington) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store