Marieke Blom, chief economist at ING, warns that Donald Trump's return could herald a new storm, with his protectionist policies posing risks to European stability.
Blom describes the global economy's state as mixed—while China is struggling with slow growth, the U.S. is unexpectedly thriving due to consumer spending, contrasting Europe's stagnation.
She anticipates Trump's potential presidency will focus on stock market performance while warning that increased tariffs, while punishing foreign exporters, may inflict harm on U.S. companies.
Blom remains cautious in her projections, indicating that while Trump's presidency could impact markets, its economic effects won’t parallel major crises like Covid-19 or the Ukraine war.
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