US election ups pressure on Europe

One Essential Read

Recommended by Kate Turton, Newsletter Editor

For Europe's economy, US election risks outweigh upside

For Europe's economy, the Nov. 5 US election offers a "least bad" outcome of a challenging Kamala Harris presidency or a second encounter with Donald Trump which threatens to be yet more bruising than the first.

On two key areas - trade policy and the sharing of rising security costs among NATO allies - Europe expects few favors from a Harris presidency which it sees as "Biden continuity".

Trump 2.0, on the other hand, presents multiple dangers: if he were to pull U.S. support for Ukraine, European governments would need to ramp up defense spending fast; and if he triggered a global trade war, Europe fears it would be the big loser.

Read the full article

Get weekly news and analysis on the US elections and how it matters to the world by signing up for the On the Campaign Trail newsletter.

Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters.com

Reuters One Essential Read is sent three days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here.

Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here.

Terms & Conditions and Privacy Statement