Trump wants to sell nuclear power to Europe. Europe isn’t buying it.

By Francisco "A.J." Camacho | 07/30/2026 06:20 AM EDT

Policy analysts at the centrist think tank Third Way say Trump’s tariffs and antagonism are closing off avenues to financing U.S.-European nuclear ventures.

Donald Trump shakes hands with Ursula von der Leyen.

President Donald Trump (right) shakes hands with European Commission President Ursula von der Leyen (center) next to Japan's Prime Minister Sanae Takaichi prior to a working session at the G7 summit in Evian-les-Bains, central-eastern France, on June 16. Pool photo by Thibault Camus

An influential think tank that helped galvanize Washington to back expanded nuclear power is blasting the Trump administration for closing the door to cooperation with Europe.

A report, released this week by Third Way, gathered insights from North American and European private companies, nongovernmental organizations and policymakers. Backed by funding from Bill Gates and support from Silicon Valley tech executives, Third Way led a decadelong campaign to reshape Democratic policy and public opinion in favor of advanced nuclear energy.

The new paper doesn’t mince words.

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“The overarching conclusion of our research is that Trump Administration policies have blunted every major competitive edge that the U.S. has to carve out a transatlantic nuclear energy market,” the report reads.

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