Trump also says he plans to… import duties on foreign products to increase. Which also creates concern in our country. For example, VOKA chairman Hans Maertens warns of major consequences for world trade, which is already under pressure, but also for the business we are already doing from Europe and Belgium.
According to Maertens, it could cost our country “1 to 1.5 percent in economic growth”. Trump’s global trade plans will also affect China. The Republican wants to present China with a higher bill.
In addition, his victory can bring a new dynamic to the geopolitical conflicts. For example, Trump almost unconditionally supports Israeli President Benjamin Netanyahu in his struggle in Gaza and Lebanon. About the war in Ukraine, Trump previously said “it’s not my war”, support for Ukraine could well dry up. Which again has consequences for Europe.
An ally in the fight against… global warming neither is Trump. While scientists are calling for more action, Trump will probably focus less on research and action.
Belgium
