Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

US elections: Europe fears «Trump 2.0» and the intensification of the trade war with China


October, 14 2024
watermark Economic news

For the European economy, the risks associated with the upcoming US elections on November 5 outweigh the potential advantages.


Although the victory of Kamala Harris, Joe Biden's successor, may bring minor advantages in trade and defense, experts fear the return of Donald Trump to power.


«Trump 2.0 is fraught with many dangers», analysts say. If Trump wins, European leaders will face many serious problems. Trump's refusal to support Ukraine may force European countries to sharply increase military spending, and a new trade war with China will cause irreparable damage to European manufacturers.


The anti-Chinese rhetoric uniting both parties is particularly alarming. The export-oriented European economy will be in a difficult position trying to balance relations with the United States and China.


The Dutch company ASML, a supplier of equipment for the production of microchips, has already faced export bans to China on the initiative of the United States. Experts warn that such restrictions may spread to other industries, further worsening the situation for European businesses.


Half of Europe's output is accounted for by trade, which is twice as much as in the United States. 30 million manufacturing jobs in the region make Europe particularly vulnerable to any restrictions on trade.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.