Trump Election Victory Threat Gives Europe Economic Nightmares
Central bankers are concerned that Donald Trump will unleash a new trade war if he returns to the White House, making their job much harder.
Former US President Donald Trump during a campaign event in Butler, Pennsylvania, on Oct. 5.
Photographer: Justin Merriman/BloombergCentral bankers losing sleep over Europe’s souring economies have another worry looming large: how much more damage Donald Trump could cause if he returns to the White House.
With memories of the former US president’s first stint in office still fresh, policymakers know his appetite to wage new trade wars threatens unavoidable fallout on a region whose position is far weaker than last time round. Investors are alive to the dangers too and market strategists say a win for Trump could drive down the euro toward parity with the dollar.