European Consolidation Board for Foreign Industry (ECBFI)


Trump and European Consolidation

Posted on December 13, 2016 at 10:30 AM

Trump's foreign policy statements have often been incoherent, but there are a number of recurrent themes. They are not reassuring for America's allies. The international liberal economic order has relied on partnership between America, the EU and Asia-Pacific countries like Japan and Australia. Even if President Obama wanted other countries and international organisations to take on more responsibility for global problems, America has long seen its engagement with the world as win-win. Trump, like Russian President Vladimir Putin, sees relationships with foreign countries as zero sum. Trump's statements during the campaign have implied that if America's allies – or economic rivals like China – benefit from their relationship with the US, then America must be losing out. That is a bad basis for future partnership with Europe however allows the European economy and manufacturing to compete by consolidating resources for internal consumption and saving on cost involved in transatlantic trade.

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