The new Secretary General of NATO Rutte arrived in Kyiv — what is the purpose of the visit
Category
Ukraine
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The new Secretary General of NATO Rutte arrived in Kyiv — what is the purpose of the visit

Volodymyr Zelenskyi
The new Secretary General of NATO Rutte arrived in Kyiv — what is the purpose of the visit

On October 3, new NATO Secretary General Mark Rutte paid a working visit to Ukraine. This is Rutte's first foreign visit in his new position.

Points of attention

  • The new Secretary General of NATO, Mark Rutte, arrived in Kyiv on a working visit, during which Ukraine's full membership in the Alliance was discussed.
  • Ukraine has become the main issue in Mark Rutte's list of priorities as the new head of NATO, the need to increase collective defense capability and protect Euro-Atlantic values is emphasized.
  • NATO Secretary General Mark Rutte identified Ukraine as his priority in the future, cooperation on the way to strengthening statehood, democracy and independence.
  • Mark Rutte's meeting with Ukrainian President Volodymyr Zelenskyi emphasized the importance of implementing agreements on cooperation with NATO, including the sphere of air defense and defense.
  • The priorities of the new NATO Secretary General include deterrence and defense capabilities of the Alliance, in particular ensuring the protection of peoples, states and important values of the project.

What is known about the visit of NATO Secretary General Mark Rutte to Kyiv

As noted, the new NATO Secretary General has already held talks with President Volodymyr Zelensky. Following the meeting, they held a press conference.

As Ukrainian President Volodymyr Zelenskyi noted, this is Rutte's first foreign visit in his new position.

Mark Rutte's first visit as head of NATO is to Ukraine. This is really important. The priorities are immediately clear, where right now the protection of the common values of the entire Euro-Atlantic continues. And it also emphasizes that we in Ukraine can count on Mark's further personal leadership.

Volodymyr Zelenskyi

Volodymyr Zelenskyi

President of Ukraine

Volodymyr Zelenskyy noted that the key goal is Ukraine's full membership in the Alliance.

We also discussed today the Victory Plan of Ukraine, the situation on the battlefield, the existing needs of our units and Ukrainian needs in air defense and in additional cooperation with neighbors.

Now, before winter, it is important to implement all the agreements reached regarding air defense, in particular, what was discussed at the NATO summit in Washington, — concluded Zelensky.

The new Secretary General of NATO announced Ukraine as his priority

Mark Rutte, who officially became the new Secretary General of NATO, said that Ukraine will be the main issue on his list of priorities as the new head of the Alliance.

Rutte noted that Stoltenberg's priorities during his work as Secretary General will also be his priorities in the future.

Ukraine. We have to ensure that Ukraine survives as a sovereign, independent, democratic nation, said Rutte.

He emphasized that Ukraine is "at the top of the list" of his priorities. Other priorities, according to him, will be deterrence and defense of the Alliance.

We should spend more. We must raise our collective defenses. One thing will definitely not change. This is NATO's key mission: that we protect our people, our states and, of course, our values, Rütte emphasized.

Category
World
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Canada is ready to become a world leader instead of the US — Carney

Carney
Source:  The New York Times

The United States has dominated the global economy for decades. Canada is now poised to take on that role.

Points of attention

  • Canadian Prime Minister Mark Carney plans to lead a coalition of like-minded countries to replace the US as the global economic leader.
  • Canada imposed a 25% tariff on cars imported from the US as a response to US tariffs on global imports.
  • The era of US dominance in the global economy is declared over by Prime Minister Carney, signaling a shift in global leadership dynamics.

Canada can become a leader instead of the US — Carney

This was stated by Canadian Prime Minister Mark Carney.

Carney said he would try to assemble a "coalition of like-minded countries" that would seek an alternative to the United States.

If the United States no longer wants to be the leader, Canada will.

Mark Carney

Mark Carney

Prime Minister of Canada

Later, the Canadian Prime Minister added that the period of US dominance in the global economy had come to an end.

The 80-year period in which the United States assumed the role of global economic leader, forging alliances based on trust and mutual respect and championing the free and open exchange of goods and services, is over. While this is a tragedy, it is also a new reality.

​Recall that US President Donald Trump has introduced new tariffs on imports of goods from all countries of the world, which came into effect on April 2, 2025. These tariffs range from 10% to 50%, depending on the importing country.

At the same time, in response to US tariffs, Canada imposed a 25% tariff on cars imported from the US.

Meanwhile, Britain has released a list of 8,000 American goods that could be hit with tariffs in response to US President Donald Trump's policies. Notably, the list includes a variety of products from binoculars to bourbon whiskey.

Category
Economics
Publication date

JP Morgan assessed the risk of global recession due to Trump's tariffs

What JP Morgan warns about
Source:  Reuters

The team at investment bank JP Morgan has raised its estimate of the probability of a global recession from 40% to 60% in 2025 amid the announcement of trade tariffs imposed by US leader Donald Trump.

Points of attention

  • The team at JP Morgan has raised the estimate of a global recession probability from 40% to 60% in 2025 due to the trade tariffs imposed by President Donald Trump.
  • JP Morgan's strategists highlight the negative impact of tax hikes, deteriorating business sentiment, and supply chain disruptions on the economy.
  • Barclays and Deutsche Bank teams have also issued warnings about the American economy potentially sliding into recession if Trump's tariffs are not removed.
  • JP Morgan's analytical note emphasizes that disruptive policies of the Trump administration pose the biggest risk to the global outlook, with the White House becoming less business-friendly.
  • The impact of tax increases is expected to be amplified by countermeasures, deteriorating business sentiment in the US, and supply chain disruptions.

What JP Morgan warns about

Representatives of the bank published an analytical note prepared by a team of strategists led by Bruce Kasman.

It says that the disruptive policies of the Donald Trump administration are recognized as the biggest risk to the global outlook throughout the year.

In addition, it is noted that the White House's approach has become less business-friendly than previously predicted.

The impact of this tax increase is likely to be amplified by countermeasures, deteriorating business sentiment in the US, and supply chain disruptions, Bruce Kasman emphasized.

What is important to understand is that identical warnings were also issued by Barclays and Deutsche Bank teams.

According to them, the American economy could quickly slide into recession if Trump's tariffs remain in place.

Recall that official Beijing has been imposing 34 percent tariffs on all imports from the United States since April 10.

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