Ten days after the US presidential election we outline the key implications for Europe, ranging from higher tariffs and defence spending to a faster “decoupling” from China. Meanwhile, Friedrich Merz’s U-turn on Germany’s fiscal rule is a big change in principle but may result in a modest change to the fiscal stance in practice.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.