Danish firms face Trump challenges

Prime Minister Mette Frederiksen anticipates greater difficulties for Danish and European companies with Donald Trump’s election victory in the US. She fears higher US tariffs could hinder European exports. Frederiksen emphasizes Denmark’s vulnerability as its economy heavily relies on exports. In a phone call with Trump, though primarily discussing security, she conveyed the importance of US-Europe trade relations. A report by Mario Draghi, former head of the European Central Bank, signaled the need for significant reforms within the EU to bolster competitiveness, especially as the EU’s economic influence has waned compared to the US and China. Frederiksen remains hopeful, noting that Danish businesses have strengthened their position in the US market.