Impact of a Second Trump Term on EU Trade Dynamics

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This chapter explores the potential consequences of a second Trump presidency on global trade, particularly how the EU may be more vulnerable due to its trade surplus. It examines the risks of a tariff war and its implications for modern supply chains, leading to a broader slowdown in global trade.

Britain’s new finance minister blamed the previous Conservative government for a £22bn fiscal hole, and Venezuela’s President Nicolás Maduro is facing international pressure to back up his claim of winning re-election. Plus, the FT’s Andy Bounds explains the EU’s trade strategy to deal with a potential second Trump presidency.

Mentioned in this podcast:

Reeves announces ‘incredibly tough choices’ to plug £22bn fiscal hole

Pressure mounts on Venezuela’s Nicolás Maduro over contested presidential vote

EU prepares two-step trade plan to tackle Donald Trump

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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