Europe Braces for Trade Shifts as Trump Wins US Election

The European Union is facing escalating trade tensions as it prepares for potential conflicts with both the United States and China. Former President Donald Trump has threatened to exclude Europe from America's subsidy programs, while the EU is already dealing with a trade dispute with China over electric vehicle duties. This situation is compounded by the confirmation of Maroš Šefčovič as the EU's trade czar, who addressed trade concerns in a recent hearing. The EU's industries have yet to see significant benefits from these developments, highlighting the challenges ahead.