The Economic and Geopolitical Implications of a Trump Comeback for Europe and China
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With the upcoming US election, Europe is growing increasingly concerned about the possibility of Donald Trump winning and returning to office. European leaders, including Germany, are worried about the impact of another Trump presidency on transatlantic relations, trade, and global security. Germany, in particular, fears losing billions of euros if Trump returns to the White House. According to a study by the Cologne Institute for Economic Research, Germany could lose €120 billion to €150 billion ($131 billion to $163 billion) if the US increases tariffs on all imports and China retaliates with a tariff increase on imports from the US. This prediction has raised concerns about Germany's economic advantage from trading with the US. To prepare for potential losses, the study suggests that Eu...
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