"Trump's protectionism will bring new challenges to the world economy" (with Gonçalo Anastácio)

«Gonçalo Anastácio, Partner in charge of the Competition and EU Department at SRS Legal, goes further. The lawyer emphasises that ‘Trump, with what he has announced in the campaign and the support he has obtained in Congress [...], promises to have the most protectionist administration in over a century.’ For this expert, ‘it's clear that it doesn't bode well for free trade [...]’ and he points out that ‘the announced plans, together with the inevitable reactions from the target blocs, promise to have a more negative impact on the gross domestic product (GDP) of China and the US’

Although this is a common European trade policy issue, which formally applies equally to all 27 member states, the direct impact of these tariffs on the Portuguese economy will not be particularly penalising, given our productive structure and the destinations of our exports,’ agrees Gonçalo Anastácio. Nevertheless, he emphasises that ‘it's worrying because of the indirect effect, insofar as it reduces world trade and therefore the purchasing dynamics of our trading partners’.»