Market Overview Analysis by James Picerno covering: United States 10-Year. Read James Picerno's latest article on Investing.com
Elections have consequences and so Donald Trump’s return to the White House as the 47th president will surely change the calculus. The policy differences between the Republican president-elect and the Biden administration are substantial on multiple fronts, ensuring that the next four years will bring significant changes to trade, taxes and numerous other areas over which the federal government holds sway.
Tariffs on imports is another area that comes with significant implications for the economy. Trump says that he wants to impose across-the-board tariffs of 10% to 20% and a levy of 60% on all goods coming from China. The president-elect also wants to deport millions of immigrants, many of whom take jobs that might otherwise go unfilled.
“It looks like a Trump presidential win but also a win for Republicans in House and Senate. If that happens, you’re going to see the US economy really taking off,” advises Mark Mobius, Mobius Emerging Opportunities Fund chairman in an interview with CNBC before the final vote result was announced.
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