For Europe's economy, US election risks outweigh upside

"Whoever the winner of the US election is, it is unclear whether Europe can continue to benefit from US growth without reducing trade with China itself," said Zach Meyers of the Centre for European Reform (CER) think-tank.

"Both US candidates have the same direction of travel - Trump less predictable and perhaps willing to be more confrontational with the European Union."

..."The prospect of more tense transatlantic relations should encourage the EU to address the reasons why its economic size has been shrinking relative to the US economy," noted CER.