VIDEO. “Trump poses a gigantic problem for Europe” says a risk economist

Published on 15/11/2024 16:03

Reading time: 1min

“If we leave the political debate aside, [Donald] Trump poses a gigantic problem for Europe”estimates Philippe Trainar, honorary professor at the National Conservatory of Arts and Crafts (Cnam) and specialist in risk economics, in the franceinfo Talk, Thursday November 14, 2024.

The future president, elected on November 5, firstly represents a threat “economic”, “because basically, if he implements his program, Europe will be negatively affected”explains Philippe Trainar.

Once inaugurated next January, the 47th President of the United States intends to tax all imported products, to favor American industry and the job market. “There will be a little positive in the United States, a little more growth, predicts Philippe Trainar, on the other hand there will be much less growth a Europe”.

The security aspect of Donald Trump's program, between the threat of not protecting Europe in the event of a Russian attack and criticism of aid to Ukraine, also worries Europeans. “ÇThis means much higher risk premiums in Europe, translated Philippe Trainar, no longer the obligation to focus on much greater defense spending than in the past. This expense may relate in part to production, but it specializes it in areas on which we do not really want to focus.”.

>> Watch the entire Franceinfo Talk: