Europe Braces for Economic Impact of Trump's Election Victory

1 min read
Source: CNBC
Europe Braces for Economic Impact of Trump's Election Victory
Photo: CNBC
TL;DR Summary

European leaders have congratulated Donald Trump on his return to the White House, despite concerns about potential economic conflicts. While some EU officials are apprehensive about Trump's confrontational style and possible trade tariffs, others, like Hungary's Viktor Orban, are supportive. The EU is preparing for potential economic challenges, with discussions planned at an upcoming meeting in Budapest. Analysts warn that a new trade war could push the eurozone into recession, particularly affecting Germany's economy.

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