Europe Is Preparing for a Transatlantic Trade Fight With Trump
- EU member states, Brussels have started contingency planning
- A second Trump term could bring new tariffs aimed at the bloc
Last time around, Trump shook the foundations of the transatlantic relationship when he attacked the World Trade Organization, questioned European security guarantees and called Brussels a “hellhole.”
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The European Union is working on a formal evaluation of what a Donald Trump presidency would look like and is planning how to respond to any punitive trade measures that would hit the bloc if he wins the US election.
The European Commission, the bloc’s executive arm, has started preparing an impact assessment of the consequences of the November ballot, paying particular attention to the scenario in which Trump emerges as victor, according to an official.