The list of reasons for the European Union to worry is long. The open, trade-oriented 27-member union thrives in predictable, rules-based environments that put commerce first and conflict second. That's butter for the Trumpian knife, with the incoming president preferring to move fast, apply pressure, and transact bilaterally.
Even before getting his feet under the Oval Office desk, he's leaning on Ukraine's Volodymyr Zelenskiy to cut a deal with Vladimir Putin to end the Russian invasion and threatening allies with a blanket 10% tariff to redress deeply held grievances on trade. The combined effect would be a new security dilemma to Europe's east, with EU defence nowhere near ready to pick up the slack of a US pivot to Asia, and a reduction of EU GDP by 0.3% by 2026 if tariffs happen, according to Citigroup.
Denne historien er fra December 25, 2024-utgaven av Financial Express Pune.
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Denne historien er fra December 25, 2024-utgaven av Financial Express Pune.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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A fresh take on gifting
FERNS & PETALS MUST OFFER A BIGGER BOUQUET
Bumrah set to miss league stage of Champions Trophy
IN A SETBACK for India, strike bowler Jasprit Bumrah is likely to miss the group stage of next month's Champions Trophy due to health reasons.
Devajit, Prabhtej elected BCCI secretary, treasurer
DEVAJIT SAIKIA, an advocate and a former wicket-keeper batsman from Assam, would succeed Jay Shah as the new secretary of the Indian cricket board (BCCI). He was elected unopposed—a poll was not contested as there were no contestants, electoral officer A K Joti stated in his declaration of results—to the seat left vacant after Shah assumed the office of the International Cricket Council chairman in December last year.
SpaDeX: Isro brings satellites within 3-metre in trial attempt
MOVING TO ATTEMPT docking in space, the Indian Space Research Organisation (Isro) brought two SpaDeX satellites as close as 3 metres to each other Sunday morning.
IIT-K Steps In For Cyber Security At Maha Kumbh
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Anthem row intensifies in Tamil Nadu as Governor slams CM
A ROW BETWEEN TAMIL
We see early signs of revival, but challenges remain, says TCS CFO
It's still early days to quantify returns on AI initiatives.
40% govt tenders can't comply with 'Make in India' rules
ENFORCING THE 2017 Make-In-India order in government procurement is easier said than done.
Jaishankar will be representing India at Trump's inaugural
EXTERNAL AFFAIRS MINISTER S Jaishankar will represent India at the January 20 inauguration of US President-elect Donald Trump.
We've gone all in on AI, putting it into our devices
AT THE CONSUMER Electronics Show (CES) in Las Vegas, Dell announced a new lineup of AI-powered PCs, accompanied by a rebranding effort aimed at simplifying the brand and making it easier to distinguish between different offerings.
