Donald Trump will be the 47th President of the United States of America. In terms of economic, climate and foreign policy, he is out for maximum confrontation: The likely topics of conflict include tariffs, trade surpluses, dealing with China, support for Ukraine, fossil fuels, and the European Carbon Border Adjustment Mechanism (CBAM) – to name just a few examples. „The EU is taking advantage of us“, says Trump. Or: „Europe doesn’t buy our cars.“