Markets expect his policy package to harm trade and growth but reduce business taxes

Summary

Financial markets reacted quickly to Donald Trump’s return to the presidency, with higher share prices, a stronger dollar, and expectations of slower interest rate cuts.

Trump has outlined plans to cut taxes, impose high tariffs, restrict migration, and reduce regulations. Economists warn that his economic policies could hinder growth and drive up consumer prices, while benefiting corporate profits.

Trump’s tariffs, especially a 60% levy on Chinese imports, are expected to strain the eurozone.

Inflationary pressures from his policies may also challenge the Federal Reserve’s efforts to lower interest rates.

  • Queen HawlSera@lemm.eeEnglish
    6·
    21 days ago

    Not even a joke, remember Covid-19 and how people pointed to the empty grocery stores and said “This thing literally happening under Trump is a preview of what Biden will do!”