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Are global financial markets ready for Trump trade?
Business Standard
|July 19, 2024
From higher import tariffs, trade restrictions with China, possible scrapping of Joe Biden's policies on renewable energy and electric vehicles (EVs), Donald Trump, according to reports, has made his intent clear on what he plans to do in case he gets elected to the White House later this year.
As a sign of continuity at the US Federal Reserve (US Fed), however, Trump, reports suggest, wants Jerome Powell to continue till his term ends. Meanwhile, the recent assassination attempt on Trump in Pennsylvania, analysts believe, can brighten his prospects and put him ahead in the presidential race with Joe Biden.
Among asset classes, VK Vijayakumar, chief investment strategist, Geojit Financial Services, said the assassination attempt on Trump will have a near-term positive impact on safe assets like gold and dollar.
This story is from the July 19, 2024 edition of Business Standard.
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