Competitiveness

The European Union (EU) is feeling a renewed sense of urgency regarding its competitiveness, particularly in light of Donald Trump’s election victory. According to Mario Draghi, the former head of the European Central Bank, concerns are growing that the EU may struggle to keep pace with major players like the United States and China. Before his election, Trump made it clear that the EU would face severe consequences for not purchasing enough American goods—specifically, he threatened tariffs as high as 10% on all imports…