BUDAPEST, Hungary — Dozens of European leaders will be assessing a new global outlook on Thursday, during a one-day summit bound to center on the concerns of many and the jubilation of a few in the wake of the election of Donald Trump as the next U.S. president that could have far-reaching consequences for the continent.
During his election campaign, Trump has threatened anything from a trade war with Europe to a withdrawal of NATO commitments and a fundamental shift of support for Ukraine in its war with Russia — all issues that could have groundbreaking consequences for nations across Europe, especially the 27-nation European Union.
It was already beyond doubt that the transatlantic relationship would change after Tuesday's vote. But under a Democratic president, that was expected to be gradual. Based on Trump's own campaign promises, seismic changes may lie ahead.
And for the populist and hard-right forces within the EU, who have already opened fissures with the political establishment, the election of Trump reinforces their position.
For summit host and ardent Trump fan, Hungarian Prime Minister Viktor Orbán, Wednesday was a day of celebration — even if EU relations were extremely turbulent during Trump's first term, from 2017-2021.
''I see a brilliant victory, perhaps the biggest comeback and giant struggle in Western political history," Orbán said. ''For the world, it means the hope for peace.''
Serbia's populist leader Aleksandar Vučić, who will be another high-profile guest at Thursday's summit in Budapest, was equally enthusiastic.
''Serbia is committed to cooperation with the USA on stability, prosperity and peace,'' Vučić said.