Zürcher Nachrichten - EU: How do we deal with Donald Trump?

EUR -
AED 4.332007
AFN 77.260018
ALL 96.740116
AMD 445.613214
ANG 2.11154
AOA 1081.673829
ARS 1701.248259
AUD 1.695822
AWG 2.123242
AZN 1.999365
BAM 1.957624
BBD 2.377605
BDT 144.374489
BGN 1.980949
BHD 0.444696
BIF 3498.154845
BMD 1.179579
BND 1.503456
BOB 8.156564
BRL 6.218269
BSD 1.180495
BTN 106.683927
BWP 15.628558
BYN 3.38145
BYR 23119.744766
BZD 2.374101
CAD 1.615144
CDF 2630.461064
CHF 0.916291
CLF 0.025871
CLP 1021.51513
CNY 8.183977
CNH 8.184874
COP 4362.082456
CRC 585.245174
CUC 1.179579
CUP 31.258839
CVE 110.367343
CZK 24.262784
DJF 210.214931
DKK 7.467459
DOP 74.499399
DZD 153.337061
EGP 55.273944
ERN 17.693682
ETB 183.934641
FJD 2.607462
FKP 0.863669
GBP 0.869249
GEL 3.178912
GGP 0.863669
GHS 12.961019
GIP 0.863669
GMD 86.109309
GNF 10360.607314
GTQ 9.054396
GYD 246.969013
HKD 9.21438
HNL 31.182047
HRK 7.533146
HTG 154.859662
HUF 380.35578
IDR 19910.641622
ILS 3.692317
IMP 0.863669
INR 106.677686
IQD 1546.440558
IRR 49689.757751
ISK 144.804767
JEP 0.863669
JMD 184.63199
JOD 0.836359
JPY 185.062986
KES 152.285155
KGS 103.153793
KHR 4764.296727
KMF 494.243633
KPW 1061.656325
KRW 1734.022177
KWD 0.362531
KYD 0.983716
KZT 582.212349
LAK 25372.635405
LBP 105735.122268
LKR 365.310298
LRD 219.5636
LSL 19.070965
LTL 3.48299
LVL 0.713515
LYD 7.477934
MAD 10.834847
MDL 20.061688
MGA 5222.865263
MKD 61.634416
MMK 2476.859793
MNT 4210.101928
MOP 9.499349
MRU 47.088865
MUR 54.331038
MVR 18.22445
MWK 2046.906758
MXN 20.555636
MYR 4.662282
MZN 75.198495
NAD 19.070965
NGN 1611.93005
NIO 43.439176
NOK 11.537171
NPR 170.695008
NZD 1.973718
OMR 0.453556
PAB 1.180495
PEN 3.96808
PGK 5.13178
PHP 69.069021
PKR 330.529398
PLN 4.224019
PYG 7795.228457
QAR 4.30239
RON 5.093771
RSD 117.37398
RUB 90.531925
RWF 1722.90494
SAR 4.423702
SBD 9.505221
SCR 17.531422
SDG 709.514706
SEK 10.659547
SGD 1.502205
SHP 0.88499
SLE 28.840809
SLL 24735.177088
SOS 673.427319
SRD 44.670911
STD 24414.899902
STN 24.522844
SVC 10.328621
SYP 13045.640245
SZL 19.061757
THB 37.374924
TJS 11.049046
TMT 4.134424
TND 3.420572
TOP 2.840142
TRY 51.444503
TTD 7.993446
TWD 37.333623
TZS 3037.415311
UAH 50.939352
UGX 4213.907525
USD 1.179579
UYU 45.55224
UZS 14479.488097
VES 445.863246
VND 30621.866027
VUV 141.181043
WST 3.215938
XAF 656.568614
XAG 0.01578
XAU 0.000242
XCD 3.187871
XCG 2.127482
XDR 0.816561
XOF 656.565829
XPF 119.331742
YER 281.212467
ZAR 19.112103
ZMK 10617.621216
ZMW 21.927333
ZWL 379.823897
  • RIO

    -5.3600

    91.12

    -5.88%

  • SCS

    0.0200

    16.14

    +0.12%

  • BTI

    0.3300

    61.96

    +0.53%

  • BCC

    -1.0700

    89.16

    -1.2%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • NGG

    -0.9000

    86.89

    -1.04%

  • CMSD

    0.0200

    23.89

    +0.08%

  • JRI

    -0.1500

    13

    -1.15%

  • CMSC

    0.0300

    23.55

    +0.13%

  • GSK

    1.9400

    59.17

    +3.28%

  • BCE

    -0.7700

    25.57

    -3.01%

  • RYCEF

    -0.2000

    16.42

    -1.22%

  • BP

    -1.0300

    38.17

    -2.7%

  • VOD

    -1.0900

    14.62

    -7.46%

  • RELX

    0.3100

    30.09

    +1.03%

  • AZN

    -0.2900

    187.16

    -0.15%


EU: How do we deal with Donald Trump?




The prospect of Donald Trump returning to the Oval Office as the 47th President of the United States presents the European Union (EU) with a complex array of challenges and considerations. A renewed Trump presidency could significantly alter the transatlantic relationship, impacting economic ties and security cooperation. It is imperative for the EU to proactively assess its strategies to navigate this potential shift in U.S. foreign policy.

Recalibrating Diplomatic Engagement
Under President Trump's previous tenure, the transatlantic alliance experienced strains over issues such as trade tariffs, NATO funding, and differing approaches to global agreements like the Paris Climate Accord and the Iran Nuclear Deal. The EU should prepare for a diplomatic landscape where unilateral U.S. decisions might resurface. Strengthening intra-EU cohesion and presenting a unified front in negotiations could enhance the bloc's ability to manage disagreements effectively.

Economic Implications and Trade Policies
A Trump administration may revisit protectionist trade policies, potentially reinstating tariffs on European goods. The EU should consider:
- Diversifying Trade Partnerships: Reducing reliance on the U.S. market by expanding trade agreements with other global partners could mitigate economic risks.

- Enhancing Internal Markets: Strengthening the Single Market can bolster the EU's economic resilience against external shocks.

- Negotiating Trade Terms: Proactive engagement with U.S. counterparts to find mutually beneficial trade arrangements may prevent escalations.

Security and Defense Considerations
Trump's previous criticisms of NATO and demands for increased defense spending from European allies could resurface. The EU might need to:

- Boost Defense Capabilities: Investing in European defense initiatives can reduce dependency on U.S. military support.
- Promote Strategic Autonomy: Developing independent security strategies allows the EU to respond to global threats more effectively.
- Maintain Open Channels: Continuous dialogue with U.S. defense officials is crucial to preserve cooperation on shared security interests.

Climate Change and Environmental Policies
Given Trump's past withdrawal from the Paris Climate Accord, environmental collaboration may face challenges. The EU should:

- Lead Global Efforts: Continue to champion climate initiatives on the international stage, encouraging other nations to commit to environmental goals.
- Engage in Dialogue: Seek common ground with the U.S. on specific environmental issues where cooperation is possible.

Addressing Global Governance and Multilateralism
A shift towards unilateralism in U.S. foreign policy could undermine multilateral institutions. The EU can:

- Support International Organizations: Reinforce commitment to the United Nations, World Trade Organization, and other bodies to uphold global governance structures.
- Forge Alliances: Collaborate with like-minded countries to promote a rules-based international order.

Mitigating Risks of Geopolitical Tensions
Potential policy divergences on relations with countries like China, Russia, and Iran require careful navigation. The EU should:

- Develop Cohesive Foreign Policies: Align member states on key foreign policy positions to present a united stance.
- Engage in Strategic Dialogue: Maintain open communications with the U.S. to manage disagreements and prevent escalations.

Conclusion
A potential second Trump presidency necessitates that the European Union reassesses its approach to transatlantic relations. By prioritizing unity, enhancing strategic autonomy, and engaging in proactive diplomacy, the EU can mitigate potential economic and security risks. Preparing for various scenarios ensures that the EU remains resilient and capable of upholding its interests on the global stage.