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People at a Democratic event react during an election night event at a hotel on Capitol Hill in Washington, Wednesday, Nov. 4, 2026.

Markets

Video. US midterms: What Trump's defeat means for Europe and global markets

Updated: 4 November 2026 - 14:11 GMT+1

Democrats have won both chambers of the US Congress. For Europe, the big questions are tariffs and Ukraine, where Trump still holds much of his power.

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