Trump's policies and the Green Deal: Europe's economy in crisis!

Trump's policies and the Green Deal: Europe's economy in crisis!

On April 13, 2025, Gerald Grosz commented on OE24 sharp criticism of the political elite in Austria and Germany. He makes it clear that the current economic turmoil cannot be attributed to former US President Donald Trump, but rather is the result of decisions in Europe. According to Grosz, the European automotive industry is not threatened by Trump's Green Deal, but by the problems of the European states of their own making.

Grosz emphasizes that the current US president is not responsible for the economic impact of the Russia sanctions in Europe. Of particular concern is the three-year recession and deindustrialization that is already hitting Europe hard. Responsibility is clearly assigned to the political elite who are responsible for this grievance.

The Green Deal and its effects

In the context of the European Union's Green Deal, which aims to reduce greenhouse gas emissions by at least 50% by 2030 compared to 1990 and become climate neutral by 2050, an article by Cicero Challenges for the Member States highlighted. The EU plans to obtain around 33% of energy from renewable sources by 2030, a huge increase compared to the current 19.7%.

Since the transport sector and industry will be severely affected by the new regulations, massive emissions reductions are necessary. The switch to electromobility could have significant consequences for the labor markets; In Germany, up to 178,000 jobs are at risk of being lost. In addition, the high cost structure of electric vehicles combined with low government incentives is identified as a hindrance to consumer purchasing.

International dimensions and disputes

The political debate on the Green Deal could vary across member states and it is noted that division between countries is not excluded. While some states, such as Poland, will receive less money from the EU fund to support affected regions because they have not agreed to become climate neutral by 2050, the Green Deal could reduce European demand for Russian fossil fuels.

These prospects are, on the one hand, supported by the EU's obvious environmental objectives, but on the other hand, it should be noted that Russia could potentially benefit from increased demand for natural gas. Specifically, it is noted that the EU plans to use ten percent of climate protection funds for the internationalization of the Green Deal. The challenges must therefore be considered both nationally and internationally, although the responsibility of political decision-makers in Europe remains unavoidable.