Trade between the EU and the US is worth €1.5 trillion a year, so it is not surprising that many EU leaders feel uneasy about the return of protectionist Donald Trump to the White House, Press TV reported.
European Union finance ministers met in Brussels to discuss, among other topics, the potential repercussions of the trade war with the United States.
The negative impact on the global economy may reach 7% of global GDP. This is like removing the German and French economies together from the global economy. This means that the economic costs are large for everyone, including the United States.
A record number of people in the European Union are now relying on food banks as the eurozone economy falters.
Adding to their concerns, European Union leaders are concerned about Trump’s close ties with fellow euro-skeptic billionaire Elon Musk.
There seems to be no doubt that Donald Trump and Elon Musk are trying to reshape global dynamics. Trump’s return will test EU-US relations, while Musk’s projects will test Brussels’ regulatory strength.
Aside from politicians, many European citizens also feel pessimistic about Trump’s return.
Middle East and North Africa region/
