• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Coronavirus

Why Trump’s COVID diagnosis spooks America’s trading partners

By
Vivienne Walt
Vivienne Walt
Correspondent, Paris
Down Arrow Button Icon
By
Vivienne Walt
Vivienne Walt
Correspondent, Paris
Down Arrow Button Icon
October 2, 2020, 1:00 PM ET

Even by the standards of Trump-era upheaval, the gyrations in Washington are leaving other countries reeling, with the prospect that election chaos could lead to turmoil elsewhere, and that the world’s biggest economy could be temporarily set adrift.

U.S. stock futures and oil contracts both dropped shortly after President Trump tweeted, at the beginning of Asia’s trading day, that he and Melania Trump had tested positive for COVID-19. 

It’s not clear how sick the president is beyond some cold-like symptoms, or whether the contagion has spread within the White House. But the concern abroad seems to have reached a high point after weeks of violent protests, the shambolic presidential debate on Tuesday, Trump’s reluctance to commit to a peaceful transfer of power—and now, his coronavirus infection.

The unease is particularly stark within Europe, which remains heavily dependent on U.S. cooperation on a myriad of issues like terrorism, cyberthreats, and China’s global power.

“The level of nervousness is quite high,” says François Heisbourg, a defense analyst and Senior Advisor to the Paris-based Foundation for Strategic Research. One of the issues most rattling officials outside the U.S. is the sheer potential for election chaos.

“The presidential election is a deeply flawed exercise,” Heisbourg says. “You have 8,000 different elections, each with their own system. What could go wrong?” 

For some foreign governments, especially in Europe, it is hard to know which is more worrying: A deeply contested election on November 3 with weeks of uncertainty to follow; or the prospect that President Trump might win a second term.

With few exceptions, foreign governments are careful not to say which candidate they prefer. But the anti-Trump sentiments among regular citizens abroad are hardly a secret. The Pew Research Center in Washington last month reported that the U.S. image internationally had plummeted to its lowest level since the organization began conducting yearly polls on the issue nearly 20 years ago. Only about 16% of people said they had confidence in Trump, among those polled in 13 countries, including several in Europe, and Japan, Canada, South Korea and Australia.

As the elections have grown near, European Union officials increasingly have begun considering the real security implications of a second Trump term. “They are extraordinarily worried about it,” says Jeremy Shapiro, research director of the European Council on Foreign Relations, a London-based think tank. 

Until now, he says, E.U. officials have retained strong communication with their U.S. counterparts over dozens of issues on which they cooperate. That has continued, even as relations between Trump and governments across the Atlantic have frayed badly, as Trump pulled the U.S. out of the global climate accord and the Iran nuclear deal, withdrew U.S. troops from Syria, and cut the U.S. funding agreement to the World Health Organization in the midst of the pandemic. French President Emmanuel Macron speaks regularly to President Trump, but has bluntly railed against his policies. German Chancellor Angela Merkel has displayed almost open contempt for the U.S. President. Yet despite all that, Shapiro says,  “There is a deep web of ties that runs up and down, and that keeps things going.”

Yet all that could change with a second Trump term. Officials, Shapiro says, worry that Trump’s “America First” “political” foreign policy would make it difficult for the “functional” work done by thousands of career foreign service staff to continue. “Exactly at what point that will be, we do not know,” he says.

That would be especially dangerous if the U.S. and Europe fail to cooperate on big global threats, like cyberattacks and China’s rising power.

Meanwhile, Trump’s announcement that he had tested positive for COVID-19 brought a sense of vindication in China—the country for which the U.S. President has named the virus. “President Trump and the first lady have paid the price for his gamble to play down the COVID-19,” Hu Xiijin, editor in chief of China’s pro-government Global Times wrote in a taunting tweet. “It will impose a negative impact on the image of Trump and the U.S.”

Heisbourg says European officials are already assessing the possibilities of Trump remaining in the White House for another four years. “Will NATO survive? That is a real question on people’s minds.” Heisbourg says. “The U.S. has gone AWOL. People are starting to act as if there is a serious possibility that the U.S. will no longer involve themselves in alliances.”

As the disarray in the U.S. has dragged on, another deep worry has surfaced too: Even if Joe Biden wins, it is uncertain whether the U.S. relationships can return to its previous state of calm. 

“A lot of E.U. officials have emphasized to me that if Joe Biden wins, the Republicans and Trump do not necessarily go away,” Shapiro says. “Biden will go back to the climate agreement: Great. But the election could be reversed in four years.” 

About the Author
By Vivienne WaltCorrespondent, Paris

Vivienne Walt is a Paris-based correspondent at Fortune.

See full bioRight Arrow Button Icon

Latest in International

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
3 days ago
Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity?
Big Tech
Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity?
By Alexei OreskovicApril 29, 2026
23 hours ago
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
AI
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
By Sasha RogelbergApril 28, 2026
3 days ago
Jamie Dimon gets candid about national debt: ‘There will be a bond crisis, and then we’ll have to deal with it’
Economy
Jamie Dimon gets candid about national debt: ‘There will be a bond crisis, and then we’ll have to deal with it’
By Eleanor PringleApril 29, 2026
2 days ago
‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee
Banking
‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee
By Eva RoytburgApril 29, 2026
1 day ago
With no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile
Big Tech
With no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile
By Jim EdwardsApril 30, 2026
15 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.