Trump's election victory signals potential shifts in global economy
Donald Trump won the U.S. presidential election, securing over 270 Electoral College votes. His victory is expected to have immediate global economic impacts, particularly through proposed higher trade tariffs and deregulation.
Trump's policies may lead to increased import duties, including a 10% universal tariff and a 60% tariff on China. These measures could raise inflation in the U.S. and strain global trade, affecting economic growth worldwide.
Emerging markets may face higher borrowing costs due to U.S. policies, while countries like Mexico could be particularly vulnerable. Europe may also experience increased defense costs if U.S. support for NATO decreases.