President-elect Donald Trump’s tariff plans pose a major threat to U.S.-Europe economic relations. How is Europe preparing? Host Carmel Crimmins speaks to Ulrike Malmendier, a member of the German Council of Economic Experts and an economics and finance professor at University of California, Berkeley. Plus, we hear how America’s toymakers are preparing for Trump 2.0.

Sign up for the Reuters Econ World newsletter here.

For information on our privacy and data protection practices visit the Thomson Reuters Privacy Statement.

You may also visit megaphone.fm/adchoices to opt out of targeted advertising.

Learn more about your ad choices. Visit megaphone.fm/adchoices