Welcome to the Eurointelligence podcast. I'm Wolfgang Munchau and with me, I'm Zuzana Monsenk and Jack Smith.

Today we're talking geopolitics. The United States has a new vice presidential candidate for the

Republicans. We've had tumultuous events in the last few days after the attempted assassination of

Donald Trump. The polls have shifted in his favor.

The whole mood has shifted.

We don't know whether this persists, but it's certainly in a different situation than we were a month ago

before the debate between Biden and Trump.

And this raises some serious questions about the EU's position in the world.

The EU has also shifted this policy on China.

We have introduced trade tariffs on cars, or we are in the process of doing this. This is a

consultative process. There are sort of shifts going on. We don't often get the sense that

these shifts are particularly reflected in EU policy debates, which tend to be more focused internally.

Let me start with my thoughts on what happened in the United States at the Republican Convention

and why we think is important for Europe in particular.

Now, the program of the Republicans is not particularly different.

It's shorter than it used to be. It's less

precise. It gives the president more freedom. It is full of language, of Trumpian language.

Interestingly, it focuses on inflation as its first point, which we think is probably quite an

intelligent thing to do, because this is sort of where popular opinion about the economy is most

at odds with official thinking economists the way economists talk about the economy and write about

the economy. We think this has traction. We think this has political traction because for most people

feel whether rational or irrational, I think there's a combination of the two that they feel worse

...