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The president is pulling back the security blanket that’s protected Europe since 1945 and imposing 25% tariffs on steel and aluminum imports.
It’s critical the EU significantly boost its spending. EU defense investment last year accounted for just 1.9% of its GDP, well short of the level of 3.5% that’s needed to respond to today’s existential crisis.
Another positive emerging from the chaos is stronger collaboration between the EU and the U.K.
In Germany, bold plans to step up investment in defense and infrastructure are sparking optimism that the manufacturing sector will get a much-needed boost.