Belenberg: Trump's election will have a negative impact on the rise of the European continent

Gold Ten Data News on November 6th, Berenberg Bank analyst Holger Schmieding said that for European companies, the return of Republican Donald Trump to the White House would mean significant trade policy and geopolitical uncertainty. In a report, he said this would have a negative impact on the rise of the European continent. The chief economist said that initially, Trump may implement selective but eye-catching tariffs, similar to his approach from 2017 to 2020. He said the damage could be greater if Trump imposed a 10% tariff on all goods imported from Europe. He said the positive spillover effects of the temporary rise in the US and the strength of the dollar could mitigate this damage to some extent.