Trump's Election Raises Concerns in Europe

As Donald Trump prepares to re-enter the White House, central banks in Europe are adjusting their policies in anticipation of his presidency, particularly regarding economic strategies and defense spending. Transatlantic relations are poised for strain, with concerns over Trump's unilateral foreign policy and its implications for NATO and support in the Ukraine conflict. A recent national survey indicates that a majority of Americans support Trump's return, with 55% approving of his transition approach, reflecting an increase in optimism, even among traditionally less supportive demographics. In the U.K., Chancellor Rachel Reeves has initiated meetings with EU counterparts to strengthen economic and defense ties ahead of potential confrontations with the incoming administration. The focus of these discussions includes bolstering support for Ukraine and addressing the challenges presented by U.S. tariffs. Overall, both Europe and the U.K. are bracing for significant shifts in U.S. policy under Trump's leadership, emphasizing the need for united strategies in the face of uncertainty.