Trump's MAGAnomics – Europe's Opportunity

Trump’s pro-business plans, such as tax cuts and deregulation, are viewed positively by markets and could strengthen America’s position in industries such as artificial intelligence (AI) and robotics. However, it is to be feared that his plans, such as comprehensive tariffs and the deportation of undocumented immigrants, could fuel inflation. All the more, Trump’s tax plans would increase the budget deficit and public debt, which is considered a risk to the long-term stability of the United States. Tensions with China could divide international organizations and massively affect Europe’s internationally networked economies. European companies must prepare for possible de-globalization and make their supply chains less dependent on China.