The meeting in Budapest will address the uncertainty surrounding EU-US relations under a potential second term of President Donald Trump. European leaders are concerned about how Trump’s policies may impact the continent, particularly in terms of trade and defense. Trump’s promises to impose tariffs and pull out of the Paris Agreement are worrying for the European economy and efforts to combat climate change. Additionally, his stance on Ukraine and NATO raises concerns about possible changes in US support for the region.
European leaders are preparing for potential challenges arising from a second Trump presidency, given his transactional approach to foreign policy. The collapse of the World Trade Organization’s dispute settlement under Trump’s administration demonstrates the impact of his disruptive policies on international relations. European officials are working to ensure they can navigate any uncertainties with the US while also defending the values and interests of the EU in the global arena.
The European Commission has established a task force to prepare for different scenarios following the US elections, highlighting the importance of the relationship between the EU and the US. Despite Trump’s unpredictability, the EU remains committed to working with all partners and allies to defend its values. Discussions at the meeting in Budapest will address a range of issues, including migration, the economy, and security, in addition to EU-US relations and the situation in Georgia.
The meeting in Budapest will include the European Political Community, bringing together leaders from various European countries as well as Ukraine, Moldova, the UK, Turkey, and the Western Balkans. Some key leaders, such as Spain’s Prime Minister and leaders from Ireland, Slovenia, and Iceland, are not expected to participate. Ukrainian President Volodymyr Zelenskyy will likely attend to seek support for his “Victory Plan” amid concerns about potential changes in US policy towards Ukraine.
Hungarian Prime Minister Viktor Orbán, who has expressed admiration for Trump, hopes the US president’s political comeback will align with Hungary’s position in Brussels. Orbán may invite Trump to join the dinner with EU leaders, potentially sparking controversy among attendees. The meeting will also focus on the future of EU-US relations and the recommendations for a “New European Competitiveness Deal” based on a report by Mario Draghi. The presence of Draghi and European Central Bank President Christine Lagarde will further emphasize the importance of economic collaboration among EU members.
