Donald Trump’s victory in the 2024 US presidential election has left a black cloud over many of America’s friends and allies, not least in Europe. While the European Union remains the continent’s greatest strength, it will now come under growing strain from both internal and external political forces.
about the challenges facing the continent following the US election.
US President-elect Donald Trump’s plan to impose across-the-board tariffs is unlikely to provide meaningful relief to workers displaced by import competition. A targeted adjustment program that combines retraining opportunities for younger workers and support for older ones would be more effective and less expensive.
worries that the incoming US administration’s trade policies will harm, not help, American workers.
A much lower price cap on Russian crude, backed up with stronger sanctions enforcement, would leave Russia with no choice but to withdraw from Ukraine. That, in turn, would send a powerful signal to Russia’s allies, and to the Chinese leadership in particular: Anyone who attacks a neighbor will suffer crippling economic consequences.
argue that forcing Russia to withdraw would yield a clearer win for the US than tariffs on Chinese imports.