Trump's election by US President is threatening Europe by a trade war - Politico

During the election campaign, Trump made promises returned jobs to the United States and impose duties from 10% to 20% for imports of goods, and for goods from China - 60% of tax, writes of material. They remind that in the past presidency, Trump has set 25 % of steel duties and 10 % for aluminum, and its second mandate can have even worse consequences, since now the energy needs of the Union depend more on the natural gas from America.

"We need to prepare for a much more aggressive tone and possibly attempts for forced behavior in transatlantic commercial diplomatic relations," - warned David Claymann, a senior trade expert at the ODI analytical center. Trump's return, according to economists, can seriously hit the rules of the world trade and the world organization of trade.

The German King Institute of the World Economy predicts that the second term of the President will lead to "significant economic losses" and the fall of the gross domestic product of the EU up to 0. 5%. Germany will lose 3. 2% of GDP, China - even more, forecast analysts. In the next four years, Trump's presidency may lose 180 billion euros, suggest the German Economic Institute.

At the same time, experts recognize that economic confrontation can create new opportunities for Europe both in trade and defense and strategy on relations with China. Left alone with economic challenges, the EU can demonstrate the arsenal of trade protection that has been developed during Trump's first cadence, the authors of the article note. "If the US side introduces unjustified duties on EU products, we are ready for it and we will respond.

If Trump continues our declared tariff fantasies, then we will return it to reality and defend it," said Bernd Lange, a veteran of the European Parliament and the chairman of the Committee on International Committee trade.

It should be reminded that after the preliminary announcement of the election results, which testify to the victory of Trump, the Presidential President Dmitry Peskov said that the United States could contribute to the end of the war in Ukraine, and at the same time said that relations between the Russian Federation and the US are now "at the lowest point".