"Trump has threatened to impose customs tariffs to the tune of 10%. If he saw through that pledge, that would have an impact on our economies," said High Representative of the EU for Foreign Affairs and Security Policy Josep Borrell.
"He's talked about 60% tariffs on all Chinese product, that will have an impact on global markets. The Chinese goods that could not access the US market may flood our markets."
EU leaders from across the political spectrum agree that dialogue is paramount to ensure the time-honoured alliance survives Trump's uncompromising 'American First' mindset, which is directly at odds with the bloc's deep-rooted dedication to the rules-based order.
Analysts have warned of ECB rate cuts, euro weakness and a recession risk in the wake of Trump's victory - which could harm Europe's economy as proposed 10% US tariffs risk hitting European exports such as cars and chemics.
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