For Europe, the Trump nightmare has just worsened
It is no longer about waiting out another potential four-year presidential term but dealing with Vance and a new Trumpist generation.
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The talk in Europe continues to be about how the continent can protect itself from the consequences of a second Donald Trump victory.
PHOTO: NYTIMES
By giving up on his re-election bid, US President Joe Biden has granted the Democrats a second chance to try and win the White House. Yet despite the latest twists in Washington politics, the talk in most European capitals continues to be about how the continent can protect itself from the consequences of a second Donald Trump victory this November.
No one is more exposed to the vagaries of the US electorate than Europe. The US remains, by far, Europe’s largest trading partner. US investment in the European Union is four times bigger than in the Asia-Pacific region. EU foreign direct investment in the US is around 10 times the amount of EU investment in India and China together. And no other part of the world enjoys the explicit, treaty-based US security guarantee provided to Europe through the Nato alliance.
