Trump has promised to push for peace talks in Ukraine within six months but has criticized Europe's lack of defense spending.

French President Emmanuel Macron warned on Monday that the billions of euros of taxpayer money spent on Europe's military budgets should not be used to buy only American weapons, pushing for more investment in home-grown defence industries.

French President Emmanuel Macron called on Europe Monday to “wake up” and spend more on defense in order to reduce its reliance on the United States for its security, in a speech to the French military as Donald Trump returns to power.

Europe is braced for significant economic challenges under Trump's presidency, including its car industry, energy supply, and the euro's devaluation, alongside the potential for resurging inflation. V