With his threat to impose tariffs on all imported goods, the rest of the world will have to learn how to better work together, without becoming too dependent on each other.
U.S. voters’ decisive swing toward President-elect Donald Trump reflects dissatisfaction with recent inflation, as well as deeper fears about slipping financial security.
National exit polls showed that President-elect Donald Trump broadened his base of support this election by appealing to the pocketbook concerns of Americans fatigued by higher prices and higher interest rates.
Donald Trump’s decisive win of the US presidential election has world leaders already preparing for how his next administration will shape the global economy.In China, factories ramped up shipments ahead of Christmas holidays and likely in anticipation of worsening trade tensions.
Trump will inherit an economy already on relatively solid footing. Inflation has slowed and wages have begun to catch up with higher prices. While companies aren’t hiring at the same breakneck pace as they were coming out of the pandemic,
President-elect Donald Trump’s plans for higher tariffs, lower taxes and more curbs on immigration are expected to reignite inflation but economic forecasters are divided over whether they’ll weaken or boost the U.S. economy in the near term.
The U.S. presidential election result has ensured a sharp turn in economic policy expected to upend global commerce and diverge from decades of American norms.
Roughly two-thirds of voters rated the economy as “not so good” or “poor,” compared to just one-third who rated it as “excellent” or “good,” exit polls found.