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

EUR -
AED 4.330984
AFN 77.242325
ALL 96.717297
AMD 445.508099
ANG 2.111042
AOA 1081.419041
ARS 1700.904617
AUD 1.693874
AWG 2.122741
AZN 2.013887
BAM 1.957162
BBD 2.377044
BDT 144.340433
BGN 1.980482
BHD 0.444608
BIF 3497.32967
BMD 1.179301
BND 1.503101
BOB 8.154639
BRL 6.222582
BSD 1.180216
BTN 106.658762
BWP 15.624872
BYN 3.380652
BYR 23114.291079
BZD 2.373541
CAD 1.61366
CDF 2629.840418
CHF 0.917832
CLF 0.025864
CLP 1021.27426
CNY 8.182046
CNH 8.182707
COP 4361.05349
CRC 585.107121
CUC 1.179301
CUP 31.251465
CVE 110.341308
CZK 24.246655
DJF 210.165343
DKK 7.467255
DOP 74.481825
DZD 153.173321
EGP 55.255774
ERN 17.689508
ETB 183.891253
FJD 2.605667
FKP 0.863465
GBP 0.869221
GEL 3.178211
GGP 0.863465
GHS 12.957961
GIP 0.863465
GMD 86.08881
GNF 10358.163363
GTQ 9.05226
GYD 246.910755
HKD 9.214607
HNL 31.174692
HRK 7.53491
HTG 154.823132
HUF 379.153977
IDR 19903.05564
ILS 3.68917
IMP 0.863465
INR 107.055134
IQD 1546.07577
IRR 49678.036498
ISK 144.806309
JEP 0.863465
JMD 184.588438
JOD 0.836111
JPY 185.206205
KES 152.129955
KGS 103.130147
KHR 4763.172883
KMF 494.126479
KPW 1061.405893
KRW 1731.142391
KWD 0.362493
KYD 0.983484
KZT 582.075012
LAK 25366.650286
LBP 105710.180544
LKR 365.224125
LRD 219.511807
LSL 19.066467
LTL 3.482168
LVL 0.713347
LYD 7.47617
MAD 10.832291
MDL 20.056956
MGA 5221.633248
MKD 61.636336
MMK 2476.27553
MNT 4209.108813
MOP 9.497108
MRU 47.077757
MUR 54.319021
MVR 18.22057
MWK 2046.423916
MXN 20.501834
MYR 4.657646
MZN 75.180118
NAD 19.066467
NGN 1613.448075
NIO 43.428929
NOK 11.513689
NPR 170.654743
NZD 1.972392
OMR 0.45343
PAB 1.180216
PEN 3.967144
PGK 5.13057
PHP 68.943679
PKR 330.45143
PLN 4.21679
PYG 7793.389651
QAR 4.301375
RON 5.093369
RSD 117.385242
RUB 90.661415
RWF 1722.498526
SAR 4.42244
SBD 9.502979
SCR 16.380355
SDG 709.350537
SEK 10.71536
SGD 1.502399
SHP 0.884781
SLE 28.833802
SLL 24729.342339
SOS 673.268465
SRD 44.659986
STD 24409.140703
STN 24.517059
SVC 10.326185
SYP 13042.562925
SZL 19.05726
THB 37.377957
TJS 11.046439
TMT 4.133448
TND 3.419765
TOP 2.839473
TRY 51.435072
TTD 7.991561
TWD 37.356109
TZS 3048.491552
UAH 50.927336
UGX 4212.913512
USD 1.179301
UYU 45.541495
UZS 14476.072549
VES 445.758072
VND 30621.128827
VUV 141.14774
WST 3.21518
XAF 656.413737
XAG 0.016021
XAU 0.000243
XCD 3.187119
XCG 2.12698
XDR 0.816368
XOF 656.410952
XPF 119.331742
YER 281.152835
ZAR 19.081557
ZMK 10615.136605
ZMW 21.922161
ZWL 379.734301
  • RBGPF

    0.1000

    82.5

    +0.12%

  • SCS

    0.0200

    16.14

    +0.12%

  • GSK

    1.9400

    59.17

    +3.28%

  • RYCEF

    -0.2000

    16.42

    -1.22%

  • CMSC

    0.0300

    23.55

    +0.13%

  • AZN

    -0.2900

    187.16

    -0.15%

  • NGG

    -0.9000

    86.89

    -1.04%

  • VOD

    -1.0900

    14.62

    -7.46%

  • BTI

    0.3300

    61.96

    +0.53%

  • RELX

    0.3100

    30.09

    +1.03%

  • RIO

    -5.3600

    91.12

    -5.88%

  • BCE

    -0.7700

    25.57

    -3.01%

  • CMSD

    0.0200

    23.89

    +0.08%

  • BP

    -1.0300

    38.17

    -2.7%

  • JRI

    -0.1500

    13

    -1.15%

  • BCC

    -1.0700

    89.16

    -1.2%


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.