“European companies are facing a raft of new challenges from the policy direction of the incoming Trump administration. But we think select European companies with the right business attributes could do well during the new regime and offer underappreciated return potential. US President Donald Trump has vowed to launch an array of policies that could make life difficult for companies around the world. It’s too soon to say whether some of the more aggressive trade policies that have been announced are a bargaining tactic or an actual policy goal. In his first round of executive orders immediately after taking office, Trump didn’t single out Europe for new tariffs. However, he threatened to impose tariffs if the European Union didn’t buy more US oil and gas. Still, European companies are aware that Trump’s policy agenda could make it much harder to compete with US peers.”
Morten W. Langer
