Europe aims to counteract the economic protectionism spearheaded by Donald Trump.
China is also preparing for a struggle for international hegemony.
China's stimulus package aims to defend against high tariffs proposed by Trump.
The 27 European leaders in Budapest propose a plan to enhance Europe's productivity and competitiveness.
This plan aims to boost industrial policy, foster innovation, secure energy sovereignty, reduce company burdens, and unify capital markets.
Conclusion: The possible re-election of Trump could act as a catalyst for the EU to implement these necessary economic measures and strengthen its position against actors such as China and the United States.