We face the prospect of a debilitating trade war – and an emboldened Putin. The EU and UK must now work together
There is nothing but bad news for Europe in Donald Trump’s US election victory. The only question is just how bad it will get. Europeans stand to suffer strategically, economically and politically from his “America first” policies, as well as from his unpredictability and transactional approach to global affairs. The undermining of Nato, the emboldening of illiberal nationalists everywhere, a transatlantic trade war, and a battle over European regulation of US social media platforms, AI and cryptocurrencies are just some of the major risks of a second Trump presidency.
Moreover, Europe is at risk of being squeezed in a deepening US-China trade conflict, with the prospect of coming under severe pressure from Washington to curtail economic ties with Beijing, while facing a potential flood of cheap Chinese goods diverted by prohibitive tariffs from the US market.
Paul Taylor is a senior visiting fellow at the European Policy Centre
