Things have moved very quickly since Trump arrived in the White House just 6 weeks ago.
But for Europe, what is changing?

Three levels to consider.
1- That of economic policy. The tariff barriers of the new American administration will have negative effects on activity in the world at the risk of also generating a little more inflation.
2- The political shock when Europeans perceived that the United States was no longer the guarantor of their security.
3- The disengagement of the Americans from the fight against climate change is a shock for the Europeans who had based their strategy on this structuring choice.

We need to go further in the analysis.
On the economic policy shock, which we can regret, the dynamics of the economy remains within the scope of the model that we know. The parameters associated with customs tariffs push the model to its limits but there is no break. If there is a break, it reflects the exit from a cooperative and coordinated environment that had allowed the development of globalization. The answer is to become less dependent on fossil fuels and on innovation. This requires efforts causing adjustments in macroeconomic priorities.

The political shock is more complex because it takes Europe out of the framework in which it was established. The effort must now focus on security in all its forms. The United States is no longer there to protect us. We must radically relaunch military spending, make it a priority, and arbitrate with other spending. We absolutely must rethink the hierarchy of Europe’s political objectives.
The model is no longer the same, which raises the question of the composition of countries playing by the same rules. We have seen the rapprochement between France and England, but also the distrust of Orban and Fico towards European choices. Georgia Meloni will have to define herself more precisely. The reconstruction of Europe depends on this.

The third point is the climate. The European Commission had made it its primary objective. The United States’ withdrawal from the Paris Agreement and the arbitration in favour of production at all costs against sustainability objectives have destabilized the choices made in Brussels. The climate issue is no longer at the top of the pile of issues to be addressed.
On this point, either Europe reaffirms the legitimacy of its fight or it aligns itself more or less with the American position. Companies that do not necessarily benefit from more favorable conditions in Europe because of the higher price of energy could tip the balance.

Europe must reinvent itself. In the past, it has had the talent to invent itself; it is up to it to show that it is capable of rethinking itself to increase its autonomy and maintain its place in the concert of nations.