Taking stock of Trump 2.0
by AIB Treasury Economic Research Unit
- With the dust settling on the victory for President Trump, it is worth taking stock on what a second term could mean for markets and the global economy.
- Nonetheless, assuming a majority in Congress, President Trump is likely to embark on a programme of tax cuts at home and escalating trade protectionism with global partners.
- While tariffs could be quickly introduced via executive orders, the President’s fiscal plans would require passage through the Houses of Congress.
- While the initial market reaction to the victory has been a strengthening in the dollar and a rise in Treasury yields, it remains uncertain how these policies could play out in the longer term.
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