Impact of Trump's Potential Presidency on Global Trade

The potential re-election of Donald Trump is expected to significantly affect global trade dynamics, particularly for Europe. With Trump targeting double-digit tariffs on goods from the EU, the economic consequences could be severe, especially amid ongoing instability within key EU nations presenting challenges to their political cohesion. Countries like Germany are facing an impending election that could introduce a shift in leadership, adding further uncertainty to the EU's ability to respond effectively. Amid this backdrop, there are fears that a focus on a trade war will distract from pressing security concerns, particularly related to the ongoing conflict in Ukraine.