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
US September CPI Preview: Inflation May Heat Up, How Will US Stocks, Dollar and Gold React?The U.S. will release its September CPI data on Wednesday (October 14) Eastern Time, which will be one of the most important inflation reports ahead of the Federal Reserve's October 27-28
Author  TradingKey
6 hours ago
The U.S. will release its September CPI data on Wednesday (October 14) Eastern Time, which will be one of the most important inflation reports ahead of the Federal Reserve's October 27-28
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 13, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 13, 2026. Read on for the details.
Author  Mitrade
6 hours ago
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 13, 2026. Read on for the details.
placeholder
Bitcoin Stages V-Shaped Reversal, Surges to Reclaim $83,000 LevelImpacted by a slump in South Korean stocks, Bitcoin prices dropped, but subsequently staged a strong rebound to recoup most of their losses.On October 13, Bitcoin (BTC) experienced a shar
Author  TradingKey
7 hours ago
Impacted by a slump in South Korean stocks, Bitcoin prices dropped, but subsequently staged a strong rebound to recoup most of their losses.On October 13, Bitcoin (BTC) experienced a shar
placeholder
Yen inches toward 159 as Tokyo reopens — where is the line in the sand before 160?USD/JPY traded around 158.5 on Tuesday after Monday's 158.60 close — the highest since September 24 — as Tokyo reopened and the market re-focused on two dates dominating the yen calendar: the G20 finance ministers' meeting in Bangkok on October 15 and the Bank of Japan's October 30 decision. Here are the three forces leaning on the yen, the positioning picture, and the scenarios into Wednesday's US CPI.
Author  Irene Q.
9 hours ago
USD/JPY traded around 158.5 on Tuesday after Monday's 158.60 close — the highest since September 24 — as Tokyo reopened and the market re-focused on two dates dominating the yen calendar: the G20 finance ministers' meeting in Bangkok on October 15 and the Bank of Japan's October 30 decision. Here are the three forces leaning on the yen, the positioning picture, and the scenarios into Wednesday's US CPI.
placeholder
Copper hits a two-week high on a Codelco supply halt — silver slips below $61 as CPI loomsLME three-month copper rose 0.56% to $14,618.50 a tonne on Monday — a two-week high — after a landslide at Codelco's El Teniente mine killed two workers and halted part of the operation; COMEX copper gained 1.04% to $6.7615/lb before easing back on Tuesday. Silver, meanwhile, slipped below $61 as precious metals marked time ahead of Wednesday's US CPI. Here are the levels, the supply story and the scenarios.
Author  Irene Q.
9 hours ago
LME three-month copper rose 0.56% to $14,618.50 a tonne on Monday — a two-week high — after a landslide at Codelco's El Teniente mine killed two workers and halted part of the operation; COMEX copper gained 1.04% to $6.7615/lb before easing back on Tuesday. Silver, meanwhile, slipped below $61 as precious metals marked time ahead of Wednesday's US CPI. Here are the levels, the supply story and the scenarios.
goTop
quote