Europe should prepare for Trump II – Commerzbank

Source Fxstreet

Donald Trump has at least a good chance of a second term in office. Forward-looking politics should prepare for this, strategists at Commerzbank report.

It cannot be said that there would be a U-turn in US policy under Trump

Under President Trump, the Americans are unlikely to continue to support Ukraine to the current extent. The Europeans will therefore have to shoulder a greater burden. This also applies to defense spending as a whole. The US position here is likely to be that it is primarily the responsibility of the European NATO members to invest sufficiently in protection against Russia. The pressure to raise defense budgets will continue to increase. So far, many countries have struggled to even reach NATO's 2% target.

Donald Trump's preference for a robust foreign trade policy based on tariffs, among other things, could lead to a resurgence of trade disputes between the US and the EU.

However, it cannot be said that there would be a U-turn in US policy under Trump. Rather, he would probably only accelerate trends that are already in place; a certain move away from Europe and an increased US focus on the Asian region is to be expected with any future administration. The same applies to the push for more protectionism. This enjoys broad bipartisan support. However, President Trump would probably ensure that Europeans can no longer turn a blind eye to these developments.

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Should You Buy Bitcoin Now or Buy Tesla Which Holds Bitcoin? In 2026, Bitcoin (BTC) suffered a Waterloo-style sell-off, with prices quickly retreating to around $60,000 from a period high of nearly $98,000 at the start of the year. Bitcoin is once
Author  TradingKey
10 hours ago
In 2026, Bitcoin (BTC) suffered a Waterloo-style sell-off, with prices quickly retreating to around $60,000 from a period high of nearly $98,000 at the start of the year. Bitcoin is once
placeholder
Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's OutlookThe financial world is perpetually in motion, but the landscape for 2026 seems to be shaping up to be particularly dynamic. For CFD traders navigating global markets, this heightened volatility could present a distinctive set of challenges and opportunities.
Author  Rachel Weiss
12 hours ago
The financial world is perpetually in motion, but the landscape for 2026 seems to be shaping up to be particularly dynamic. For CFD traders navigating global markets, this heightened volatility could present a distinctive set of challenges and opportunities.
placeholder
Gold climbs to $5,050 as Fed-driven USD weakness offsets positive risk tone ahead of US NFPGold (XAU/USD) attracts some dip-buyers following the previous day's modest slide and climbs back above the $5,050 level during the Asian session on Wednesday.
Author  FXStreet
17 hours ago
Gold (XAU/USD) attracts some dip-buyers following the previous day's modest slide and climbs back above the $5,050 level during the Asian session on Wednesday.
placeholder
Bitcoin’s ‘2022 Redux’ Fears Are Superficial, Argues TexasWest Capital CEOTexasWest Capital CEO Christopher Inks argues Bitcoin's drop is a completed "degrossing" event, structurally distinct from the 2022 Terra-induced collapse.
Author  Mitrade
17 hours ago
TexasWest Capital CEO Christopher Inks argues Bitcoin's drop is a completed "degrossing" event, structurally distinct from the 2022 Terra-induced collapse.
placeholder
Is the Crypto Rally Dead? Why Bernstein Still Predicts a $150K Bitcoin Peak Despite Waller’s WarningsFed Governor Waller claims the crypto craze has faded, while Bernstein backs Bitcoin to reach $150,000 this year.On Tuesday (February 10), the cryptocurrency market remained sluggish; wit
Author  TradingKey
Yesterday 10: 37
Fed Governor Waller claims the crypto craze has faded, while Bernstein backs Bitcoin to reach $150,000 this year.On Tuesday (February 10), the cryptocurrency market remained sluggish; wit
goTop
quote