The main topic of the meeting is strengthening the European Union's defense capabilities in light of a potential Russian threat. Leaders are also discussing the recent statements and actions of U.S. President Donald Trump, who has not ruled out the possibility of imposing tariffs on goods imported from the EU to the U.S. Previously, Trump signed an order to impose tariffs on Mexico and Canada, which the media have already labeled a "trade war."
In response to questions from journalists the day before, Trump stated that tariffs on the European Union will definitely be implemented, while the United Kingdom may avoid this fate. He did not provide further details. European markets reacted to the U.S. president's statements with a decline, and the euro fell against the dollar.
The majority of EU leaders, in comments to the press, criticize the potential introduction of tariffs and other protectionist measures. At the same time, they avoid direct criticism of Trump and express support for maintaining allied relations between the EU and the U.S.
German Chancellor Olaf Scholz noted that if trade tariffs are imposed on goods from the EU, the European Union may respond in kind to the U.S. He emphasized his opposition to confrontation and his support for cooperation. French President Emmanuel Macron stated that the latest statements from Washington indicate the need for Europe to be more united and stronger.
European Council President António Costa highlighted before the meeting that Europe should take on more responsibility for its own defense and security. Leaders from several EU countries, which are also NATO members, expressed their readiness to continue increasing defense spending—one of Trump's demands. However, it remains unclear how the increase in defense budgets will be financed, considering the economic challenges faced by many EU countries. Several states are categorically opposed to increasing debt at the European level. Some leaders, including the new Belgian Prime Minister Bart De Wever, assert that Europe should not expect to defend itself without the U.S.
There have been no reports on whether the war in Ukraine and possible peace initiatives might also be among the topics discussed.