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Fortune

Peter Vanham

Europe’s corporations enter new era of cooperation with E.U. to bolster competitiveness against the U.S. and China

European Union Europe China Christian Klein Ursula von der Leyen Fortune Donald Trump European Commission Commission

European Commission President Ursula von der Leyen arrives for a press photo prior to a meeting with Petr Pavel, President of the Czech Republic at the EU headquarters on May 20, 2025 in Brussels. (Credit: Omar Havana—Getty Images)

In today’s CEO Daily: Peter Vanham on Europe’s return to corporatism in the face of U.S. and Chinese competition.
The big story: Trump’s tariff letters go out today.
The markets: Mixed.
Analyst notes from Wedbush on Elon Musk’s America Party, UBS on Trump’s shifting tariff deadlines, and Pantheon Macroeconomics on the jobs market.
Plus: All the news and watercooler chat from Fortune.

Good morning from Geneva. For years, European policymakers and business leaders have been fretting about what the right response is to the rising economic competition from the United States and China. Last week, the answer became clear: Europe intends to return to corporatism, meaning a closer alignment between business groups and government.

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