ChainCatcher news, the word "tariff" has not yet appeared in Trump's victory speech, but he promised during his campaign that tariffs would be an important part of his economic strategy towards allies and competitors. Analysts have expressed their views on the tensions in Europe.ING wrote: "European politicians will wake up to face their fears. Trump's trade agenda regarding a 'level playing field' will severely impact the open economies of the European continent." The Kiel Institute for the World Economy stated: "Trump's economic policy measures may include protectionist tariffs and import restrictions, which will put further pressure on growth in Germany and Europe." Deutsche Bank Research noted: "European stock futures are lower today, and European bond futures are much flatter than U.S. bonds. If the results continue in this direction, the likelihood of the European Central Bank being forced to accelerate rate cuts will increase."