Trump's announcement of possible tariffs on the pharma sector has caused shockwaves in economic circles, creating significant uncertainty for revenue projections. Meanwhile, the EU is finalizing a €2tn budget projected for 2028 to 2034, which aims to bolster European ambition and independence while addressing the challenges posed by a potential trade war. European leaders acknowledge the difficulties in framing this budget due to unpredictable US trade policies and a notable increase in defense funding in line with the America First strategy, signaling a shift in geopolitical dynamics.
Donald Trump’s potential tariffs on the pharma sector shock markets, creating uncertainty in economic planning and complicating budget drafting for governments. Economists note his tendency to backtrack on threats, yet this unpredictability paralyzes revenue projections and policymaking.
The proposed €2tn EU budget for 2028 to 2034 aims to address Europe’s challenges while emphasizing independence, amidst fears of a trade war. This includes a significant allocation for defense and space to align with Trump's America First policy.
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