Big trade partners evaluate options with the Trump administration on the way.

Republicans will lead the House of Representatives, the Senate, and the executive branch.

This should give President-elect Donald Trump considerable leeway to push through his tax, immigration, and trade agendas.

It also means the biggest U.S. trading partners need to adjust.

Watching all of this unfold is the editor-in-chief

of The Economist magazine, Zanny, Minton-Bettos. Zany, thanks for coming in.

Great to see you again, David. First of all, from your perspective is a global publication,

but with a base in London, you and your people are thinking Europe is going to have to step in

as a Trump administration looks more

inwardly and pulls back from alliances and international institutions. Europe will have to step up

to do what? In Europe's case, it is a real challenge. The European Union has a trade surplus.

Donald Trump with the United States thinks that when that happens, it means the U.S. is being taken

for a ride.

So on trade, he's not very keen, but perhaps more importantly, whatever he does in terms of

imposing some kind of settlement on Ukraine is almost certainly going to mean less support for

Ukraine. And if he does as many fear, try and sell out Ukraine, then the big question for the Europeans

is, are they going to try and breach the gap? Are they going to try and sell out Ukraine, then the big question for the Europeans is, are they

going to try and breach the gap? Are they going to try and step up? And an emboldened Vladimir Putin

massively increases the dangers for Europe. And so Europe has to come together to support Ukraine.

Its underlying economic ingredients are problematic. It's going to be hit by tariffs and it's going to have to

pay more for its own security. All right. So a lot of challenges for Europe, but also extra challenges

for another big U.S. training partner, that would be Mexico. We've been exploring the President

...