"Shot in the Arm" for Business: European CEOs React to Trump 2.0
Tuesday, Jan 21, 2025 4:35 am ET
1min read As Donald Trump returns to the White House for his second term, European CEOs are reacting to the news with a mix of optimism and caution. The new administration's policies, particularly its pro-business stance, have sparked hope among some business leaders, while others remain wary of the potential risks associated with Trump's protectionist and isolationist policies.
One of the most significant concerns for European CEOs is the potential impact of Trump's trade policies on their businesses. The new administration has already hinted at introducing or increasing tariffs on various goods, which could lead to reduced exports to the U.S. and increased economic uncertainty. However, some CEOs, like Steven van Rijswijk of ING, see this as an opportunity for Europe to focus on economic growth and competitiveness. Van Rijswijk believes that Europe needs to become more competitive by investing in AI, improving capital markets, and enhancing labor productivity to boost the region's competitiveness.
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