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An international geopolitical-macroeconomic perspective focusing on underestimated issues 
 

While many European political and business leaders are openly hoping for a Democratic win at the US elections, many investors are hoping on a continuation of the status quo. They can bet on several asset markets without having to price in the geopolitical and security deterioration of Europe. But our independent analysis shows both a Harris or Trump administration would poise serious challenges and risks for Europe. US Foreign Policy under Harris or Trump is likely to get tougher and the biggest casualty sits in a trap of its own making.  

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