UK appears to be out of US eyeline for now but it would not be immune to slowdown triggered by rising tariffsForget the “Trump put”, as financial analysts called the bet that the US president’s policies would unleash a winning era for the nation’s stock markets. By Friday, the chat was of the “Merz spurt”.The decision by Friedrich Merz, the German chancellor-in-waiting, to cut a deal on ditching Germany’s debt brake – still to be confirmed by the outgoing parliament – marked a seismic shift. Continue reading...
The EU is preparing for the impact of Donald Trump's trade policies, which threaten the global trading system. While the EU has addressed security concerns related to a less cooperative US, it must also brace for economic consequences. Germany's shift towards increased borrowing for defense spending, spurred by Trump's isolationist policies, highlights the EU's efforts to adapt.