As a Canadian it warms my heart to see the “future EU members” label but most days, when i am done with my morning coffee, i like things presented under a more realistic perspective.
EU should aim for a strong core with countries of “special interest” having partial membership benefits and treatment. GB, Canada, Ukraine, Turkey, Hungary(yes i know!) should all have this special interest status with a measure of integration and a measure of autonomy. Eventually add Australia if it makes mutual sense. Currently Canada can’t lower it standards to US regulations “void” and we will benefit from increased mobility of goods and people : with EU : we should set most regulation close enough to EU rules to be welcomed there. Build further affinity from increased commercial and military integration. Keep our own monetary policy: devaluation of our currency is a needed buffer sometimes.
Not only immune to global trade : big s/p 500 companies might benefit from the chaos to consolidate at the expense of smaller companies that can’t adjust production across boarder or be effective at lobbying exemptions.
Then come inflation expectations with another layer of pushing stock, especially big cap indexes higher.