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I have the complete opposite opinion. The US has no cards to play in the EU and is screwed in the medium and long term. The only reason the EU was tolerating t
by realusername 2y ago
I have the complete opposite opinion. The US has no cards to play in the EU and is screwed in the medium and long term.
The only reason the EU was tolerating those massive tech companies which contribute close to nothing in the EU was because the US was pulling its weight in EU defense.
Now that Trump openly sided with Putin, that's gone. Trump has no card to play in the EU anymore. He could even insult EU leaders publicly if he wanted to but pushing out Zelensky like he did was the only thing he could not afford to do.
Then on the investment side, the EU will now seen as a more stable and better environment than the US which changes policies every Tuesdays. The US will be experiencing a similar effect to brexit but longer and more severe.
The status of the dollar is clearly questioned as well. Will the US remain the top economic power with those tech companies atrophied and a local recession? I'm not so sure.