US President Donald Trump’s ‘America First’ trade policy threatens the highly interconnected transatlantic economy. This presents a serious challenge to the EU and certain member states more than others, and resolving this tension is unlikely in the near future.
- Some US protectionist trade tendencies are likely to continue post-Trump.
- Trump's accusations that the euro is unfairly undervalued raises the (faint) prospect of an even more profound transatlantic dispute.
- The importance of the US economy to European firms enables Washington to enforce secondary sanctions.