Obviously some things moved, mostly because of regulatory requirements. But this was overall kept to a minimum and London is as strong as ever as financial centre, stronger even [1] [2].
Similarly, my guess is that in 4 years Europe will still be a distant 3rd and not much will have changed, not least because whatever is happening now in the US has much less long term impact than Brexit (everything can change in 4 years) and I don't see Europe suddenly changing drastically.
> not least because whatever is happening now in the US has much less long term impact than Brexit (everything can change in 4 years)
I mean... that really depends on if it _does_ change, though. Certainly if maintained these tariffs are potentially more disruptive than Brexit; they would tend to reshape global trade. If they actually last 4 years then that feels like it's probably going to be bigger than Brexit, at least as a pure _economic_ impact (obviously Brexit also had _extensive_ non-economic impact).
I understand that the default is to assume "sanity will probably return", but bear in mind that it is _Trump_.
taylodl•9mo ago
I think Trump is the kick in the pants Europe needed to get out of their postwar stagnation. We are no longer in the WWII era.
niemandhier•9mo ago
A bit of topic:
I think you underestimate the damage the US takes as a brand.
People used to view the USA as cultural paragon and tried to emulate their behavior.
mytailorisrich•9mo ago
niemandhier•9mo ago
Winner is Dublin, followed by, Paris, Amsterdam, Frankfurt.
10% of assets were moved out of the UK.
Ironically things would have been much worse if not for Covid. The COVID slump in economy kept the EU from fully nuking the UK banking sector.
https://www.newfinancial.org/reports/brexit-%26-the-city%3A-...
mytailorisrich•9mo ago
Similarly, my guess is that in 4 years Europe will still be a distant 3rd and not much will have changed, not least because whatever is happening now in the US has much less long term impact than Brexit (everything can change in 4 years) and I don't see Europe suddenly changing drastically.
[1] https://en.wikipedia.org/wiki/Global_Financial_Centres_Index
[2] https://dealroom.co/guides/europe
rsynnott•9mo ago
I mean... that really depends on if it _does_ change, though. Certainly if maintained these tariffs are potentially more disruptive than Brexit; they would tend to reshape global trade. If they actually last 4 years then that feels like it's probably going to be bigger than Brexit, at least as a pure _economic_ impact (obviously Brexit also had _extensive_ non-economic impact).
I understand that the default is to assume "sanity will probably return", but bear in mind that it is _Trump_.
taylodl•9mo ago
niemandhier•9mo ago
I think you underestimate the damage the US takes as a brand.
People used to view the USA as cultural paragon and tried to emulate their behavior.
As far as I can tell that is gone.