Stefan Hoops, CEO of Deutsche Bank’s asset manager DWS, stated that US President Donald Trump’s tariff policies have prompted necessary economic reforms in Europe, pushing the region out of complacency regarding infrastructure and defense spending. He noted that Trump’s actions have spurred major defense initiatives in European countries, particularly Germany, altering their growth trajectories. While acknowledging potential long-term costs to international cooperation, Hoops believes Europe may perform better economically due to these spending plans, contrasting with the uncertain outlook for the US economy amid trade turmoil.
