The European Union has drawn up an unprecedented £100bn emergency plan to shield its economy from the fallout of a potential trade war with the United States, should Donald Trump return to the White House and impose aggressive tariffs on EU imports.
Brussels Braces for Trade Shockwaves
According to leaked documents, the EU's contingency strategy includes subsidies for affected industries, tax relief for businesses, and targeted support for member states most vulnerable to US trade restrictions. The move comes as Trump campaign advisors signal plans for across-the-board tariffs exceeding 10% on all foreign goods.
Sectors at Risk
- Automotive: German car manufacturers face existential threats
- Agriculture: French wine and Italian cheese producers prepare for export slump
- Technology: Irish and Dutch tech hubs vulnerable to supply chain disruptions
"This isn't just about tariffs," warned a senior EU trade official speaking anonymously. "We're preparing for a fundamental realignment of transatlantic economic relations that could last a generation."
The Brexit Parallel
Observers note striking similarities between the EU's current preparations and its no-deal Brexit planning. The £100bn figure matches the amount previously earmarked for cushioning the bloc from a chaotic UK departure.
European Commission President Ursula von der Leyen is expected to present the plan to EU leaders next week, with implementation beginning as early as November should Trump win the US election.
