Trump's re-election sparks global economic concern over proposed tariffs and immigration laws.

Donald Trump's re-election as US president has sparked concerns about his policies' global economic impact. His proposed high tariffs and stricter immigration laws could make imported goods more expensive, potentially harming economies in China and Mexico and leading to a trade standoff. The IMF warns that these tariffs could reduce global GDP by nearly 7%, equivalent to the combined economies of France and Germany. Meanwhile, US investors are optimistic about policies like tax cuts and deregulation, but wary of the potential economic obstacles posed by higher tariffs and immigration changes. The market's reaction reflects uncertainty, with US stocks rising and bond markets experiencing volatility. Trump's ability to push his agenda with a likely Republican-controlled Congress could lead to increased national debt and affect the Federal Reserve's decisions.

November 10, 2024
98 Articles