EU must prepare to lose trusted trade partnership with US as November elections loom
By Laine Cibulskis ( October 10, 2024, 14:07 GMT | Comment) -- The results of the US election on Nov. 5 could have drastic consequences for world trade if former President Donald Trump is reelected. MLex spoke to a collection of economists to understand the situation ahead. Vice President Kamala Harris lacks a concrete international trade agenda. And with a second Trump presidency bringing instability in policy and an undetermined commitment to the international system, “Europeans may want to change their approach to international relations, to adapt to the fact that the US is no longer a trusted partner,” said Adam Hersh, senior economist with the Economic Policy Institute Action.The results of the US election on Nov. 5 could have drastic consequences for world trade if former President Donald Trump is reelected. MLex spoke to a collection of economists to understand the situation ahead. Vice President Kamala Harris lacks a concrete international trade agenda. And with a second Trump presidency bringing instability in policy and an undetermined commitment to the international system, “Europeans may want to change their approach to international relations, to adapt to the fact that the US is no longer a trusted partner,” said Adam Hersh, senior economist with the Economic Policy Institute Action....
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