CNBC takes a look at why this election matters for Europe and the rest of the world.
The European Commission, the executive arm of the EU, is expected to announce new tariffs on Chinese EVs just days after the election takes place.
Up until that point, European officials had been significantly challenged by the previous administration, under Donald Trump, which had imposed trade tariffs, disagreed over climate pledges, and shocked mainstream politicians with its combative style. As such, the next policymakers in the EU are expected to increase spending and work more closely with themselves on defense matters.The European Commission, the executive arm of the EU, is expected to announce new tariffs on Chinese EVs just days after the election takes place.One the one hand, Brussels recognizes Beijing as a strategic rival, but at the same time, it wants to keep cooperation on climate matters and geopolitical issues.
Though this process will likely take many years before it is concluded, it is already posing the question of how much the EU will have to change to accept Ukraine and other new members.to get things done rather than looking for the usual consensus. This would mean taking decisions without the need for unanimity as it becomes more challenging with increased member states.
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