Zürcher Nachrichten - Watch Live: Trump or Harris? America votes!

EUR -
AED 3.936215
AFN 72.8726
ALL 97.467007
AMD 414.915038
ANG 1.93241
AOA 977.88496
ARS 1064.967164
AUD 1.628338
AWG 1.92897
AZN 1.82606
BAM 1.94464
BBD 2.164876
BDT 128.123536
BGN 1.960695
BHD 0.403945
BIF 3107.785221
BMD 1.07165
BND 1.417167
BOB 7.425319
BRL 6.179675
BSD 1.072247
BTN 90.460029
BWP 14.220393
BYN 3.508864
BYR 21004.341491
BZD 2.161157
CAD 1.491528
CDF 3071.349506
CHF 0.938546
CLF 0.037721
CLP 1040.829844
CNY 7.693488
CNH 7.629393
COP 4672.126419
CRC 548.452572
CUC 1.07165
CUP 28.398727
CVE 109.848306
CZK 25.263122
DJF 190.454073
DKK 7.4572
DOP 64.808082
DZD 143.533639
EGP 52.827034
ERN 16.074751
ETB 130.580982
FJD 2.44019
FKP 0.819993
GBP 0.830395
GEL 2.915307
GGP 0.819993
GHS 17.591179
GIP 0.819993
GMD 76.627107
GNF 9248.340537
GTQ 8.288435
GYD 224.32267
HKD 8.332512
HNL 26.8774
HRK 7.38263
HTG 141.090319
HUF 407.30246
IDR 16799.240175
ILS 4.018485
IMP 0.819993
INR 90.437033
IQD 1403.8616
IRR 45108.434916
ISK 148.749117
JEP 0.819993
JMD 170.110604
JOD 0.759911
JPY 163.57708
KES 138.243236
KGS 92.380308
KHR 4361.616185
KMF 493.360946
KPW 964.484827
KRW 1496.463293
KWD 0.328654
KYD 0.893473
KZT 527.816074
LAK 23501.286542
LBP 96019.847189
LKR 313.686904
LRD 202.974567
LSL 18.893599
LTL 3.164304
LVL 0.648231
LYD 5.197911
MAD 10.569727
MDL 19.229646
MGA 4945.665473
MKD 61.415853
MMK 3480.677644
MNT 3641.466988
MOP 8.585232
MRU 42.791393
MUR 49.728573
MVR 16.557399
MWK 1860.384902
MXN 21.614329
MYR 4.696511
MZN 68.482436
NAD 18.893595
NGN 1787.598463
NIO 39.420689
NOK 11.808138
NPR 144.737389
NZD 1.797088
OMR 0.412588
PAB 1.072237
PEN 4.040523
PGK 4.301645
PHP 62.633129
PKR 297.972705
PLN 4.330132
PYG 8383.88703
QAR 3.90161
RON 4.979426
RSD 117.029588
RUB 104.593516
RWF 1460.123229
SAR 4.025175
SBD 8.94595
SCR 14.533461
SDG 644.60146
SEK 11.617024
SGD 1.423039
SHP 0.819993
SLE 24.487602
SLL 22471.962842
SOS 611.912556
SRD 37.476
STD 22180.992922
SVC 9.382071
SYP 2692.553253
SZL 18.893587
THB 36.731346
TJS 11.397493
TMT 3.761492
TND 3.343017
TOP 2.509916
TRY 36.840762
TTD 7.286186
TWD 34.55754
TZS 2861.306062
UAH 44.263258
UGX 3924.478428
USD 1.07165
UYU 44.792114
UZS 13733.196083
VEF 3882108.699077
VES 47.292514
VND 27085.955673
VUV 127.228482
WST 3.001889
XAF 652.214111
XAG 0.03177
XAU 0.000394
XCD 2.896188
XDR 0.803887
XOF 653.174574
XPF 119.331742
YER 267.72502
ZAR 18.853973
ZMK 9646.140508
ZMW 29.190212
ZWL 345.070887
  • RBGPF

    0.0100

    61.4

    +0.02%

  • RYCEF

    -0.0700

    7.14

    -0.98%

  • CMSC

    0.1600

    24.84

    +0.64%

  • RELX

    0.3200

    47.98

    +0.67%

  • AZN

    -0.2000

    64.49

    -0.31%

  • NGG

    -0.3600

    63.94

    -0.56%

  • BTI

    -0.0100

    35.39

    -0.03%

  • GSK

    -0.3700

    36.29

    -1.02%

  • RIO

    -3.0400

    64.43

    -4.72%

  • BCC

    1.4700

    142.32

    +1.03%

  • SCS

    0.0600

    13.14

    +0.46%

  • BP

    -0.8800

    28.93

    -3.04%

  • JRI

    0.1600

    13.53

    +1.18%

  • VOD

    -0.0100

    9.31

    -0.11%

  • CMSD

    0.2350

    25.125

    +0.94%

  • BCE

    0.3000

    28.37

    +1.06%


Watch Live: Trump or Harris? America votes!




"The Potential Impact of a Trump Victory on the European Union: Opportunities and Challenges"
As the United States approaches the pivotal 2024 Presidential Election, the world watches with anticipation. The outcome of this election will have far-reaching implications, especially for the European Union. A victory for Donald Trump, following the election on November 5th, could bring significant changes to transatlantic relations. While a second Trump presidency presents both opportunities and risks for Europe, the impact of a Democratic loss also poses challenges that the EU must carefully navigate.

Recalibrating Transatlantic Relations: Opportunities for Independence
A renewed Trump presidency would almost certainly usher in a period of recalibration in transatlantic relations. During his previous term, Trump prioritized an "America First" approach, often expressing skepticism about multilateral institutions, including NATO, and emphasizing fairer burden-sharing among allies. Should Trump reclaim office, the European Union might find itself with an opportunity to redefine its own strategic autonomy.

For years, European leaders have discussed reducing their dependency on the United States in defense and security matters. Under Trump's leadership, this necessity may be reinforced, encouraging the EU to enhance its military capabilities and cohesion as a geopolitical entity. A Trump administration that remains indifferent to European security concerns could accelerate efforts within Europe to pursue a stronger defense policy, particularly under initiatives such as the Permanent Structured Cooperation (PESCO) and the European Defence Fund (EDF). This would help the EU establish itself as a more self-reliant global power.

Further, Trump's potential economic policies might create space for Europe to strengthen its partnerships elsewhere. During his previous administration, Trump's preference for bilateral trade agreements over multilateral accords led to tensions with trading partners, including the EU. Should Trump return, the EU may seek to solidify and diversify trade relationships with emerging economies and other key markets, fostering partnerships that could reduce reliance on U.S. economic cooperation.

Economic Uncertainty and Regulatory Divergence
However, a Trump victory is likely to create significant economic uncertainties. In a second term, Trump might be inclined to revisit trade conflicts and tariffs that previously put the transatlantic economy under strain. Such policies could undermine EU-U.S. economic relations, particularly if Trump continues to question the value of existing trade agreements or imposes new tariffs on European goods. A weakened trade relationship would undoubtedly create ripples across European markets, especially for sectors such as automotive, agriculture, and technology.

Moreover, Trump's stance on climate policies diverges significantly from the EU's green agenda. While the Biden administration worked in lockstep with Europe on climate change, supporting the Paris Agreement and promoting green initiatives, Trump has previously downplayed climate science and rolled back environmental regulations. A renewed Trump presidency could therefore complicate global efforts to tackle climate change, making it harder for the EU to find common ground on pressing environmental issues and necessitating Europe to act as the principal advocate for international climate agreements.

Geopolitical Challenges and Strategic Implications
A Trump win would likely have substantial ramifications for the EU's strategic posture. The previous Trump administration’s unpredictable approach to foreign policy saw strained relations with traditional allies while displaying overtures towards autocratic regimes, such as Russia and North Korea. A similar pattern could leave the EU more vulnerable, as a Trump administration might deprioritize NATO, questioning the value of collective defense. Such a shift would place a heavier burden on Europe to guarantee its own security, especially amid ongoing tensions with Russia following the invasion of Ukraine.

In the face of these challenges, European nations may need to take a more unified stance on defense, with stronger commitments from member states to meet NATO's defense spending targets. While this could foster a more cohesive EU defense policy, it may also expose divisions within the Union, particularly between countries more inclined towards U.S. alignment and those preferring an independent EU security strategy.

Another aspect to consider is the relationship with China. Under Trump, the U.S. took an aggressive stance on confronting Beijing, and a renewed emphasis on economic decoupling might force Europe to navigate a delicate balance. European nations, many of which have significant trade ties with China, could face pressures to align more closely with the U.S. position, risking economic fallout or diplomatic tensions with Beijing.

The Consequences of a Democratic Defeat for Europe
A Democratic loss would signal a broader shift in American politics, one that Europe cannot ignore. The Biden administration’s tenure was marked by efforts to restore alliances, re-engage with international institutions, and support liberal democratic values. A defeat of the Democrats would likely symbolize a repudiation of these principles by the American electorate, potentially emboldening populist and nationalist movements within Europe itself.

The EU may find itself needing to take on the mantle of championing liberal democracy on the world stage. With Washington potentially shifting towards a more isolationist posture, Europe would need to double down on diplomatic efforts to uphold international norms, promote human rights, and counterbalance the influence of autocratic regimes. Additionally, European nations that are increasingly challenged by internal populist movements may struggle to maintain unity in the face of rising skepticism towards liberal democratic institutions.

Navigating the Path Forward
While the potential re-election of Donald Trump could create significant challenges for the European Union, it also presents an opportunity for Europe to assert its role as an independent geopolitical actor. The EU must prepare for the possibility of a more transactional and less predictable relationship with Washington. Strengthening internal cohesion, investing in defense capabilities, and diversifying global partnerships are essential steps the EU should take in response to a potential second Trump presidency.

At the same time, Europe should engage diplomatically with a Trump-led administration, seeking avenues of cooperation on issues of shared interest, such as counterterrorism and energy security. Navigating this complex landscape will require deft diplomacy, resilience, and a clear strategic vision. The European Union, if united and proactive, can mitigate risks while seizing the opportunities presented by a changing global order—regardless of the outcome of the American presidential election.