The big lesson for Europe? Trump backed down under pressure

The EU did not bow to Trump’s trade threats or resort to retaliatory measures, opting instead to seek an alternative to the chaos caused by the US president’s erratic decisions. Trump’s market-disrupting tariff announcements led to massive market swings, benefiting a select few who may have profited from the volatility. Guardian Europe correspondent Alexander Hurst highlights the corrupt nature of Trump’s actions and the need for a more stable global trade environment.

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