The world is busy trying to digest the shock outcome of the US election and the possible implications of Donald Trump’s presidency both for the US economy and more broadly for global prosperity.
There are a huge number of unknowns at this stage of the policy honing process, but the bottom line is that Trump is a protectionist who has promised to put America’s interests first.
In terms of the economy, he wants to dismantle international trade agreements, reduce Chinese imports, invest massively in infrastructure and slash taxes to ‘make America great again’.
He has also talked about easing back on the regulatory environment for the banking and financial services sector, and is much more interested in expanding US energy production than in controlling climate change.
These and other measures, if they are followed through, are likely to provide a strong economic boost for the US – and indeed, since election day the S&P 500 index has seen none of the slump suffered by other indices globally.
Ref: http://www.marketviews.com/faith-glasgow/trump-in-the-driving-seat-where-should-you-steer-your-cash/
