FEPS Newsletter 28 April 2025 – 🇪🇺🇺🇸 Trade, US-EU relations & EU budget

A new vision for the global economy – If you have problems displaying this email, […]

28/04/2025
A new vision for the global economy –

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The Trump disruption puts the EU and the whole world at a crossroads. The choice for progressives, however, is not between playing along with him or returning to the status quo. The task is to offer and promote a new vision for the global economy, one that ensures prosperity for all people and countries. This message was the main thread line of our events in the last couple of weeks, both in the EU and across the Atlantic.

 

On the EU front, FEPS is contributing to the ongoing EU budget discussions with proposals on how to make the budget serve the purpose of the just transition and social justice.

 

In this newsletter, we also feature our recent publications on the progressive trade agenda, competitiveness and countering profit-price inflation.   

Economy
Trade, trust and transition

EXPERT MEETING – 23-24 APRIL – WASHINGTON DC, USA

Trade, trust and transition

Progressive Economics Network (PEN) 2025

By FEPS, FES, Das Progressive Zentrum and CAP

 

The Progressive Economics Network (PEN) convened in Washington, D.C., for a meeting on “Trade, trust and transition –Shaping the next transatlantic chapter.” 

 

Held on the fringes of the 2025 World Bank Group/International Monetary Fund Spring Meetings, the discussions focused on:

  • The emerging trade regime: Aligning on shared objectives
  • Guns or butter? Balancing priorities in the transatlantic relationship
  • The geoeconomics of sustainability: Forming strategic partnerships

ESSAY SERIES

Trade, trust, and transition

Shaping the next transatlantic chapter

By Jason Crow, Ann Linde, Dan Restrepo, Hedwig Giusto, Elizabeth Baltzan, Tomáš Petříček  and many more – In collaboration with CAP

 

The longstanding EU-US partnership is stronger than one administration. Bringing together 10 leading voices from across the US and Europe, this collection of articles covers five of the most pressing issues shaping the future of the transatlantic alliance:

Trade, trust, and transition
  • Security and Peace
  • Migration and Inclusion
  • Trade and Industry
  • Climate and Energy
  • Digital and Data governance
 

This essay series was presented during the PEN Conference in Washington DC.

Tariffs, counter-tariffs and a pause on tariffs

Photo credits: Shutterstock / MikeDotta

PROGRESSIVE POST

Tariffs, counter-tariffs and a pause on tariffs 

 

For this dossier, the Progressive Post gathered outlooks on the future of international trade, and the opportunities that might be there for the EU to seize:

FEPS PRIMER SERIES

Making trade work for prosperity, people and planet

By Arancha González Laya and Yanis Bourgeois

 

This book offers a comprehensive perspective on the importance of open trade and economic integration. It explores the trajectory of trade, the necessary regulatory mechanisms, and the imperative of making trade a beneficial force for all rather than just a select few. The primer underscores the importance of ensuring trade works to advance prosperity, enhance the people’s well-being, and safeguard the sustainability of our planet.

Making trade work for prosperity, people and planet
Day of Progressive Economic Policy 2025

9 APRIL – BERLIN, GERMANY

Day of Progressive Economic Policy 2025

By Friedrich-Ebert-Stiftung (FES) in collaboration with FEPS, DGB, IMK and Fiscal Future

 

This year’s conference brought together top-level progressive policymakers and thinkers to discuss policy ideas and priorities for the EU and Germany. 

 

It focused on investments and reforms needed for European competitiveness, social justice, and wealth taxation.

FEPS President Maria João Rodrigues spoke at an opening panel alongside Enrico Letta, President of the Jacques Delors Institute and former Italian Prime Minister, and Yasmin Fahimi, Chairwomen of the German Trade Union Confederation (DGB). Rodrigues also gave the concluding speech, highlighting the major global shifts and calling for serious European action in the digital sphere.

POLICY STUDY

The profit-price spiral in food and energy

Analysis and toolbox to fight inflation

By Thomas Rabensteiner, Ines Heck, Benjamin Tippet and Anna Kolesnichenko – With TASC, Fondazione Pietro Nenni and PEGFA

 

The recent inflation episode in 2021-23 has exposed European economies’ vulnerability to supply-side shocks and the inadequacy of existing monetary tools to deal with them. Companies used their monopoly power, amplified due to bottlenecks and supply disruptions, to reap abnormally high profits, thus exacerbating the initial inflationary effects of the shocks.

The profit-price spiral in food and energy

The EU needs to create a proper inflation governance framework that would involve not just the ECB’s monetary policy, but a complex of measures on inflation preparedness, prevention, reduction and mitigation.

 

This policy study was launched during the Progressive Economic Policy 2025 conference.

Roadmap to the next MFF

STAKEHOLDER MEETING – 11 APRIL – FEPS HQ

Roadmap to the next MFF

Supporting Just Transition and cohesion

By FEPS, FES, Solidar and CEE Bankwatch Network

 

This year’s meeting provided an opportunity to discuss the implications of current EU policy development for just transition and cohesion in the next Multiannual financial framework (MFF) and EU funding mechanisms.

 

The annual Territorial Just Transition Stakeholder meeting brings together a diverse range of actors involved in just transition to share knowledge, generate ideas, network and develop recommendations on how to promote territorial just transition pathways.

FEPS TALKS PODCAST

Improving working conditions: the new frontiers

With Michelle O’Sullivan and László Andor

 

🎧  Spotify | Apple Podcast | Website | Youtube

Listen to the podcast

Michelle O’Sullivan, Associate Professor at the University of Limerick, offers an assessment of recent developments in working conditions and industrial relations, including the successful crisis response to the Covid-19 pandemic, the reforms put forward on labour conditions in the UK and the four-day work week. 

Listen to the podcast

FEPS TALKS PODCAST

Competitiveness and industrial policy beyond buzzwords

With Lukas Bertram and David Rinaldi

 

🎧  Spotify | Apple Podcast | Website | Youtube

After the launch of the Competitiveness Compass, how can Europe achieve a unified industrial strategy that balances competitiveness with social and regional cohesion?

 

Listen to Lukas Bertram, economist at the Zoé Institute, in conversation with FEPS Director of Studies and Policy David Rinaldi, as they explore Europe’s competitiveness agenda and the path to an economy fit for the future.

Progressive Post

MAGAZINE

The new issue of The Progressive Post is out!

The EU in uncharted waters

 

This issue’s highlights include discussing European defence strategies, assessing how the US president’s recent announcements will impact international trade and exploring the risks and opportunities that algorithms pose for workers. 📰 Get the magazine.

The new issue of The Progressive Post is out!
Multilateralism between shock and rebirth

PROGRESSIVE PAGE

Multilateralism between shock and rebirth

By Maria João Rodrigues, FEPS President

 

Europe has a choice between accepting pressure to align with the Trump administration, remaining in the inertia of the previous multilateral system, or becoming an active player in reforming global multilateralism. Read more.

Photo credits: Shutterstock.com/Mike Gorsky

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In the media

Nem jó, hogy Magyarországon a szélsőjobb és a jobboldal versenyez

by Hírklikk 12/05/2025
“It's not good that the far-right and the right are competing in Hungary” Interview with FEPS Secretary General László Andor on KlikkTV (HU), featured in Hírklikk, discussing the rise of the far right in Hungary and the need for stronger progressive alternatives.

Rozdíly mnohým vyhovovaly

by A2 05/05/2025
"The differences suited many" In this article, László Andor, FEPS Secretary General, discusses the different challenges the European Union is currently facing.

Tévedés azt hinni, hogy Trump után visszatérhetünk a régi kerékvágásba

by telex 24/04/2025
“It’s a mistake to think we can go back to the old normal after Trump”. Interview with FEPS Secretary General László Andor in Telex (HU), where he discusses the global trade tensions triggered by Trump-era tariffs, the shifting US-China dynamic, and the need for the EU to develop a new strategic approach in a permanently changed world order.

Orbán’s stance on Ukraine pushes Hungary to brink in EU relations

by The Guardian 22/04/2025
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