Stronger buy-in for capitalism, pro-business policies and peace can help the Republic
The US stock market and currency rallied strongly in the immediate aftermath of the US elections, which brought about Donald Trump’s return to the White House. Singapore’s equities market also generally reacted positively to his win, which will see him inaugurated as president for the second time in January 2025.
However, many economists are worried over his policies. Could swinging tariffs on imports – particularly from China – slash global economic growth? Meanwhile, lavish tax cuts may lead to a burgeoning fiscal deficit and higher inflation.
With the possibility of a unified government in the US and a new administration that is ready to hit the ground running, much of the world is looking anxiously at the potential adverse impact of Trump’s policies.
