For global economy, Trump victory intensifies uncertainties
Donald Trump’s promise to put America first helped propel him to the U.S. presidency. But he also unleashed uncertainty on the global economy by skewering trading partners and offering few specifics that might calm allies or businesses.
Financial markets reacted quickly and negatively to the unknowns of a Trump stewardship of the world’s largest economy. By Wednesday afternoon, though, stocks had rebounded, especially those involving drug companies, defence contractors and firms that rebuild infrastructure, which could benefit from a Trump administration.
Many analysts asked: Will — or can —Trump shed his aggressive rhetoric?
“We simply can’t know what type of president Trump will be,” said Paul Ashworth, chief U.S. economist for Capital Economics.