Detailed exit polling will eventually show why Republicans with Donald Trump on the top of the ballot were triumphant in the US election. The supply-side price shocks of Covid-19, Russia’s war on Ukraine and the misleadingly titled, green-tinged Inflation Reduction Act played big with the electorate. The outcome would be good for the banks, big tech and mergers and acquisitions, because government intervention would be lighter. Tariffs: On the campaign trail, Trump proposed a 60% additional tariff on Chinese importsCryptocurrencies may be awarded the long-desired regulatory imprimatur that makes for a more respectable asset class. On the campaign trail, Trump proposed a 60 per cent additional tariff on Chinese imports and 10 per cent to 20 per cent on everyone else, including, one supposes, the UK.

Source: Daily Mail November 07, 2024 08:37 UTC