The former president’s litany of pledges include steep tariffs, tax cuts, deregulation and a push to withdraw from key global agreements.
Donald Trump's election victory marks a historic return to the White House – an extraordinary political comeback that is likely to have seismic ramifications for the global economy.
Lizzy Galbraith, political economist at asset manager Abrdn, said it remains to be seen exactly what style of presidency investors can expect when Trump returns to the White House.5 things to know before the stock market opens Thursday "Now, I think it is worth pointing out that we do think that in any situation which Trump is using tariffs quite often, his principal focus is going to be on China. And we don't see Trump's secondary tariff pledge — that baseline tariff, which would hurt European companies — as being all that feasible," Galbraith said.
"A key unknown is whether a clean sweep raises the risk that a Trump administration will push through more extreme policy measures, such as larger, less-targeted tariffs," May said in a research note. Yet, analysts at Signum Global Advisors said in a research note on Wednesday that"the magnitude of that truth remains underappreciated."
"A counter-balance to this is a likely acceleration in China stimulus measures," they added."The Chinese government has already outlined its ambitions to support economic growth at the 5% level and address property market woes to support domestic consumer confidence."
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