Trump as President: What this means for the rest of the world - Commerzbank

Research Team at Commerzbank, suggests that the Trump’s election as US President comes as a shock to most Western countries as Trump stands for positions most people in the EU consider to be at the right fringe of the political spectrum.

Key Quotes

“Trump stands for a culture shock. Other countries should mainly be affected in two policy areas.

“Foreign trade policy: Trump is a declared opponent of free trade. Not only Mexico, Canada and China will suffer from this. Rather, he will cause severe damage to the entire world trade order. Global trade, which in price-adjusted terms has already been stagnant for two years, will surely not return to its former dynamic under a President Trump. The export nation Germany will feel the impact when the current consumption-driven upturn runs out in a few years.”

“Security policy: In summer, Trump had raised doubts about NATO’s security guarantees for its Baltic members. A President Trump will weaken NATO, and this could entice Russia to stoke new conflicts in Europe. This is a considerable risk.”