Iran (IMNA) - With trade between the EU and the US valued at €1.5 trillion annually, many European leaders are understandably apprehensive about Trump's protectionist policies, as reported by Press TV.
In light of these worries, EU finance ministers have gathered in Brussels to deliberate on various issues, including the implications of a possible trade conflict with the US. The anticipated negative impact on the global economy could be equivalent to removing both the German and French economies from the world stage, highlighting a significant economic cost for all parties involved, including the US itself.
Compounding these economic concerns, a record number of individuals in the EU are now dependent on food banks as the Eurozone grapples with economic challenges. Additionally, EU leaders express unease over Trump's close association with billionaire Elon Musk, a fellow skeptic of traditional European policies.
There is a growing sentiment that both Trump and Musk are poised to reshape global dynamics. Trump's return is set to put EU-US relations to the test, while Musk's business ventures could challenge Brussels' regulatory authority. Furthermore, many European citizens share a pessimistic outlook regarding Trump's resurgence.
As discussions unfold at international forums like Davos, European leaders are expected to advocate for global cooperation in response to Trump's confrontational approach. The situation remains fluid as nations navigate their strategies amidst rising tensions and uncertainties surrounding trade relations with the US.
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