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As Donald J. Trump took the oath of office in Washington, Ukrainian business groups in Davos watched the ceremony with optimism, expecting a valuable partnership despite uncertainty. Europe’s business leaders prepared for potential trade disruptions, with the European Commission forming a discreet “Trump task force” to research and negotiate possible responses to changes in American policy, focusing on tariffs and trade restrictions. While Europe plans to negotiate and protect its interests, Mr. Trump’s arrival may accelerate changes in European military spending and could potentially draw Europe closer together in response to individual deals with European countries.
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