US Election Poses Economic and Security Challenges for Europe

As the US election nears, Europe braces for potential impacts on trade, defense, and climate policy, with significant implications depending on the outcome.

• Both Kamala Harris and Donald Trump present challenges for Europe, with Harris expected to continue Biden's policies and Trump likely to escalate trade tensions.
• Trump's potential withdrawal of support for Ukraine and NATO could force Europe to increase defense spending, impacting regional security and economic stability.
• European economies, heavily reliant on trade, face risks from potential US tariffs and pressure to align with US anti-China measures.
• Trump's stance on climate policy, including a potential withdrawal from the Paris Agreement, contrasts with Harris's silence on the issue, leaving European climate efforts uncertain.
• Regardless of the election's outcome, Europe is urged to strengthen its own defense and trade capabilities in anticipation of a shifting international order.

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