In a recent Oval Office meeting, Italian Prime Minister Giorgia Meloni sat across from Donald Trump as part of a European Union effort to navigate the ongoing trade turbulence. The meeting was cordial enough. Meloni emphasized transatlantic unity and expressed hope for deeper economic collaboration. Trump, however, was unmoved. He praised Meloni personally, but made his stance clear: the U.S. is not in a rush to finalize trade deals. According to him, tariffs are “making the United States rich,” and other countries want deals more than he does.

This exchange happened during the 90-day pause in Trump’s Liberation Day tariffs — a moment intended, at least in theory, to give global leaders time to negotiate. But what the meeting really signaled is that Trump views this pause as leverage, not compromise. Yes, he did lower EU import tariffs from 20% to 10%, but that move was largely a reaction to bond market jitters. When it comes to negotiating with Europe, he’s staying firm.

Meloni’s presence is notable. She’s a controversial figure in Europe — once derided by the American press as a far-right nationalist and compared to Mussolini. But in this moment, she’s being positioned as the EU’s Trump whisperer. She attended Trump’s inauguration. He’s reportedly fond of her. He even accepted an invitation to visit Rome. But none of that moved the needle in this meeting.

What Trump wants is access to European markets. But in European politics, protectionism isn’t just a policy — it’s a survival tactic. Leaders there know that anything perceived as selling out local interests could cost them their jobs. Italy, for example, has a trade surplus with the U.S., not because of anything shady, but because Americans genuinely love Italian exports: high-end fashion, food, luxury goods. We buy a lot from them. They don’t buy much from us. That’s not an imbalance that tariffs alone can fix.

So the real question is: what happens next? Trump has all but said he’s happy to wait everyone out. That leaves European economies in a holding pattern. It leaves small and medium U.S. businesses — especially those tangled up in international supply chains — in limbo. And it leaves Meloni with the unenviable job of being the friendly face of a negotiation that isn’t really moving.

Chapters

00:00:00 - Intro

00:03:13 - Interview with Gabe Fleisher

00:23:00 - Update

00:23:36 - Italian Prime Minister Giorgia Meloni’s Visit

00:27:44 - Birthright Citizenship Arguments

00:30:05 - FSU Shooting

00:31:47 - Interview with Gabe Fleisher, con’t

00:59:13 - Wrap-up