A Donald Trump presidency would result in a surge of protectionism at the global level, he says, echoing the beggar-thy-neighbour protectionist trade policies after the crash of 1929 that had disastrous economic effects and greatly exacerbated the Great Depression.

And with Hillary Clinton as US president, Dembik says Europeans would wrongly think that she would be more attuned to European concerns than Trump.

However, Dembik explains that Clinton faces a complicated domestic political situation with the opposition of Republicans in the House of Representatives and by that of those who made her victory possible, especially the trade unions and Bernie Sanders’ supporters. They all are quite sceptical regarding the advantages of free trade, which Clinton supports.