For OG protectionist Europe, thaw time?
If Trump gets through to European capitals, the EU could be made to curb its regulatory reflex. Which is good not only for American technology and defence industries, but would be also helpful for emerging economies like India to get a grip on some incredible red tape over non-tariff trade barriers.
Brussels must realise it is tilting at windmills when even Washington baulks at its rules. The burden of compliance is usually higher on small exporters from developing countries, who now have an unlikely champion in Trump.
It's a good time for the EU to review its place in a world where the US wants to reclaim manufacturing and China won't let go. Building higher tariff and non-tariff walls doesn't fortify Europe.
The changing paradigm affects countries like India that are in talks with the EU for FTAs.
