Latest news with #EurasiaGroup
Boston Globe
2 hours ago
- Business
- Boston Globe
Anti-immigrant leader quits Dutch cabinet, toppling government
Officials from other parties in the coalition said they were prepared for negotiations over the immigration plan and accused Wilders of ditching the coalition to avoid responsibility for tough government decisions, including potential budget cuts needed to increase defense spending. Advertisement Wilders, who is known for anti-immigrant and anti-Muslim views, has led the Euroskeptic right-wing political movement in the Netherlands for nearly two decades and was found guilty by a Dutch court in 2016 of insulting an ethnic group. The PVV scored a shocking first-place finish in the 2023 parliamentary elections after the relatively abrupt resignation of Mark Rutte, the longest-serving prime minister in the country's history. Rutte is now secretary general of NATO. Wilders, however, was unable to claim the position of prime minister as part of coalition talks, showing resistance even by other conservative parties to back him personally given his controversial views, often criticized as extremist. As a result, the PVV's power in the Netherlands has been constrained. Still, the PVV's victory demonstrated the increasing appeal across Europe of nationalist, anti-immigrant parties. Advertisement In the Netherlands on Tuesday, critics of Wilders accused him of putting his party's political interests ahead of the needs of the country. Analysts said the country faced a period of uncertainty in the days ahead. 'Wilders has plunged the Netherlands into another round of political chaos,' said Mujtaba Rahman, managing director for Europe at the Eurasia Group. 'The Dutch parliament can try to find a new majority or else there will be early elections. But the immediate outlook is one of chaos and uncertainty.' The country has been in turmoil since Rutte resigned in 2023 after his coalition failed to pass comprehensive immigration legislation. The collapse of the Rutte government demonstrated 'how sensitive of an issue immigration is politically,' said Armida van Rij, head of the Europe program at Chatham House. The position of prime minister went to former spy chief Dick Schoof, whom Wilders backed. But Schoof has made it clear he would act independently from Wilders. In the 11 months that the coalition government has been in power, PVV was unable to push forward its immigration agenda, and the party has been losing support. 'Wilders wanted the government to collapse as the support for his [party] continues to drop in the polls,' van Rij said. Wilders presented his immigration plan just weeks ahead of the Netherlands hosting the annual NATO leaders' summit in The Hague on June 24 and 25. Van Rij said Wilders may have planned to 'use this as leverage to force his coalition partners back to the negotiating table, knowing that having a caretaker government would not be a good look nor useful to advance key policy positions.' Advertisement To advance his immigration plan, Wilders had demanded that the three other ruling parties - the centrist New Social Contract (NSC); the center-right People's Party for Freedom and Democracy (VVD); and the right-wing, populist Farmer-Citizen Movement (BBB) - reopen the coalition agreement they negotiated, and 'VVD, NSC, and BBB were not willing to do this,' van Rij said. Now, the more likely outcome is a snap election, she said. Leaders of the coalition parties hammered Wilders for his decision on Tuesday. BBB President Caroline van der Plas said in a statement that many of Wilders's desired changes were on the table and had the necessary support - 'it's just a matter of doing it.' 'Anyone who stops now will hand the Netherlands over to the left on a silver platter,' she said. VVD President Dilan Yesilgozaccused Wilders of putting 'his own interests above the interests of our country' by 'walking away … in a time of unprecedented uncertainty.' 'This wasn't about migration. Everything that could be done, we were already going to do,' she added, blaming the inaction on 'blundering' by Wilders's party. NSC leader Nicolien van Vroonhoven called Wilders 'irresponsible' and said, 'we could have achieved a lot - especially when it comes to stricter migration policies.'
Yahoo
9 hours ago
- Business
- Yahoo
US is looking for a reason to lower tariff rates, expert explains
The Trump administration has been pushing for trading partners to present their best trade offers to the US by Wednesday as the end date for the president's pause on Liberation Day tariffs nears. Veda Partners managing partner and director of economic policy Henrietta Treyz joins the Morning Brief team to discuss President Trump's response to criticisms on his tariff policy waffling and share her perspective on where she sees reciprocal tariff rates falling. Catch Yahoo Finance explain how Wall Street has been adopting the "TACO" trade (Trump Always Chickens Out) and hear Eurasia Group's Ian Bremmer outline how CEOs are responding to Trump's tariff threats. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
India Today
a day ago
- Business
- India Today
Is India a weak country or can it stand up to Trump? What Ian Bremmer said
Can India assert itself on the world stage — particularly in its dealings with Washington? In an interview with India Today Consulting Editor Rajdeep Sardesai, President of the Eurasia Group and geopolitical analyst Ian Bremmer said that India, under Prime Minister Narendra Modi, still lacks the geopolitical clout to firmly stand up to a transactional Trump-led United States.'India is not China. India is not the United States. It is geopolitically much weaker,' Bremmer being the world's most populous nation, the fourth-largest economy, and a nuclear power, India finds itself in a tricky position when engaging with a leader like Trump, who is known to pressures allies with tariffs and threats, Bremmer noted. 'Trump says, 'I want to work with you, you're part of the QUAD, I like you.' But then he says, 'I'm going to hurt Apple if they decide to move their iPhone production from China to India. I'm going to tariff them.' He says there are going to be trade consequences and other consequences if you don't have a ceasefire with Pakistan,' Bremmer to Bremmer, powerful countries are able to prioritise their own interests and push back when Trump imposes demands.'Trump puts major tariffs on China. China puts tariffs back on the United States. Trump says we're going to hurt you. China says, we can take the pain more than you and Trump is the one that blinks,' he said. 'When it comes to Russia, so far Trump has been completely unwilling to put tough sanctions on Russia. They continue to engage in their war with impunity in Ukraine.'advertisementIn contrast, countries like Mexico, Panama, and Iran have capitulated under Trump's hectoring.'Look at the tariffs the Mexicans have immediately moved to do everything he's demanded on fentanyl, on border security. Look at Panama, how they try to force the sale of the Hong Kong firm to a American firm, take away the fees on American ships... Even the Iranians are much more willing to talk about stopping highly enriched uranium stockpiling,' Bremmer pointed he said, has shown signs of both resistance and vulnerability. While it rejected Trump's offer to mediate talks over Kashmir and publicly denied that any foreign power brokered its ceasefire agreement with Pakistan, it still ended up in what Bremmer described as an 'uncomfortable position' following Operation Sindoor.'There's still a lot of uncertainty about to what extent Indians can and will really stand up to Donald Trump,' he praised PM Modi's ability to shape domestic and foreign policy at will, calling him 'the most powerful domestic leader of a major democracy in the world today'. But that may not be enough when it comes to dealing with the Trump administration.'At a time when other leaders around the world—the Germans, the French, the Japanese, the Americans, the South Koreans—have much more divided governments, much weaker, not lasting for as long, Modi is in a position to do everything he says he's gonna do. He can follow through on it,' he future, if the US makes demands that India doesn't like, will it be strong enough to say no? That's an interesting question, said InMust Watch IN THIS STORY#Donald Trump#Narendra Modi
Yahoo
a day ago
- Business
- Yahoo
Bremmer on Trump's Trade War and His Negotiating Style
Ian Bremmer, Eurasia Group president and founder, talks about how President Donald Trump is trying to reach trade deals with different countries, American exceptionalism and how Trump is handling issues with China. He speaks on "Bloomberg The Close." 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
Yahoo
a day ago
- Business
- Yahoo
Why CEOs back down to Trump, according to Ian Bremmer
President Trump's approach to trade and geopolitics often involves bluffing without following through, creating uncertainty for global leaders. Ian Bremmer, Eurasia Group founder and president, joins Market Domination to discuss how this 'TACO' tactic affects US relations with countries like Russia and Panama. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. You mentioned the Taco trade there, Ian, so referring to this acronym that I I think the FT came up with, Trump Always Chickens Out. Now, they came up with that, Ian, kind of referring to the Trump tariff. I am interested in how you think that might apply to the world you know so well, this, the world, you know, geostrategic relations. And whether you think a lot of our foreign adversaries at this point kind of might think of Trump that way too. That he huffs and he puffs, but at the end of the day, he's not likely to pull the trigger. He's not likely to try and blow your house down. Yeah, I I think it applies equally badly, um, to geopolitics as it does to trades around the world. I I love the fact that it was come up the taco the taco trade was an FT writer. It helps explain why Mexican food is so bad in the UK. Um, I think that on the geopolitical front, Trump has shown that he doesn't have the cards to really push Putin around, but other leaders around the world. I mean Panama Canal is all about geopolitics. Trump has said he'll destroy these guys if they're not prepared to actually, you know, make way and give in to uh to the Panamani to the American military and despite the fact that it's really going to hurt the Panamanian president at home, he folds. And I think that the US has had a lot more success, for example, um with the Iranians and with their proxies, like the Houthis in Yemen, um, then he has with Russia. So, like so much in the world, it's not about whether Trump is an apex predator or whether he's a coward. Um, it's about whether or not there's a major asymmetry in power, um, in who Trump is dealing with and do they have the willingness to hit back. And many countries and many companies and many CEOs around the world are weenies when it comes to Trump and understandably so. So, I think it really depends. I know that doesn't make for a great acronym, it depends. I know it doesn't make for like a great sound bite, it depends, but the reality is like so much else around Trump and very aged people in the world, it depends. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
