With Donald Trump rewriting the rules of international trade, the European economy is doomed to be nothing more than a playground for its competitors, unless, of course, Europe supports a truly ambitious industrial policy.
As Donald Trump returns to office, the US and global economic landscape are set for significant shifts. His administration’s approach to trade, taxation, and deregulation is expected to reshape markets, potentially benefiting domestic industries while increasing uncertainty for global supply chains.
When Slovakia joined the EU in 2004, the union accounted for 26 per cent of the world's gross domestic product (GDP), just behind the US at 28 per cent.