Europe is preparing for potential American protectionism ahead of the U.S. elections, regardless of the outcome.
There are concerns that the next U.S. administration will prioritize economic nationalism over international cooperation. This shift could have significant implications for Europe, especially considering the ongoing economic challenges.
German Finance Minister Christian Lindner has warned about the possibility of a trade war initiated by the U.S., which could lead to retaliatory measures from the European Union.
The EU and the U.S. have the largest bilateral trade and investment relationship globally, valued at approximately 1.2 trillion euros ($1.29 trillion) in 2021.
The policies of Vice President Kamala Harris are seen as likely to continue the current administration's approach, which has been criticized by European leaders as protectionist.
On the other hand, a return of former President Donald Trump could worsen tensions, as he has previously threatened to impose additional tariffs on European goods.
The European Commission is working on initiatives to reduce dependencies on both the U.S. and China, aligning with the EU's goals of enhancing economic resilience and securing industrial renewal.
There is a division among EU member states regarding the potential outcomes of the U.S. election, with some expressing optimism about a Trump victory and others remaining apprehensive.
European leaders are focused on strengthening strategic autonomy and defense spending.
The outcome of the U.S. election will shape the future of transatlantic relations, but European officials are committed to ensuring the EU remains resilient.