In Donald Trump's victory speech, the word 'tariffs' did not appear, but he promised during the campaign that tariffs would be an important part of his economic strategy towards allies and competitors. Analysts expressed their views on the tension with Europe. ING Bank wrote, 'European political figures will wake up to their fears. Trump's trade agenda on 'fair competitive environment' will seriously impact the open economy of the European continent.' If the outcome continues in this direction, the likelihood of the European Central Bank being forced to accelerate interest rate cuts will increase.