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Tariffs are among President Trump’s most controversial initiatives. Apply to all, benefit few, and are despised universally by every living economist and approximately 99% of the dead ones.
France’s public deficit exceeded 6 percent of GDP in 2024, violating EU rules. The new government budget was adopted in early February after months of uncertainty. Political instability has threatened economic growth and fiscal reform efforts.
Europe is raising its defense spending due to concerns about Russian threats, but there are urgent gaps in Europe’s defense capabilities. The EU needs to make a strategic shift to tackle future challenges.
