Some things, it just doesn't matter what the next administration does. The people of the US may, at any time, elect an administration that continues the course of breaking norms. The fact is that businesses, industries, banks, and nations have to guard against that possibility more than they need to cooperate with the next administration.
I think it's a bit fanciful to think you can take all the policies back to normal and have, Europe for instance, say "Oh good! Everything's back to normal!" I could be wrong, but I think that ship has sailed. Europe will work towards a new normal that looks to their own interests. And no action the next administration can take will change Europe's determination in this regard.
I think this will be as true of actors in the financial and industrial spheres as it will be of Europe in the security sphere.
>Europe will work towards a new normal that looks to their own interests. And no action the next administration can take will change Europe's determination in this regard.
1) Europe will do whatever is easiest at the time relative to the comfort of the people. Meaning they will have very short memories if enacting some change makes people worse off.
2) If the EU does make change with regard to increasing military spending, that is good either way for the US. Less US involvement in conflicts on a different continent.
Some things, it just doesn't matter what the next administration does. The people of the US may, at any time, elect an administration that continues the course of breaking norms. The fact is that businesses, industries, banks, and nations have to guard against that possibility more than they need to cooperate with the next administration.
I think it's a bit fanciful to think you can take all the policies back to normal and have, Europe for instance, say "Oh good! Everything's back to normal!" I could be wrong, but I think that ship has sailed. Europe will work towards a new normal that looks to their own interests. And no action the next administration can take will change Europe's determination in this regard.
I think this will be as true of actors in the financial and industrial spheres as it will be of Europe in the security sphere.