Following Donald Trump’s victory in the US presidential elections, Europe now has to prepare for a new era of economic protectionism. Trump’s policies during a second term will undoubtedly have major consequences for the continent’s economy, geopolitical stability and progress addressing climate change, and may even threaten the future of globalisation itself.
The stakes are high for Europe. Beyond decades of political and cultural cooperation, the European Union and US have the largest bilateral trade and investment relationship in the world, which, at its peak in 2021, reached €1.2 trillion.
