<
https://theconversation.com/trumps-economic-vision-is-no-longer-a-maybe-heres-what-it-might-mean-for-australia-and-the-world-243024>
"For months, experts and commentators have been weighing up what the possible
return of Donald Trump might mean for financial markets and the global economy.
Now, at least, they have a bit more certainty. Trump has decisively won the
2024 US presidential election. He’ll be officially inaugurated as the country’s
47th president in January.
The incoming administration has already flagged its economic agenda: lowering
taxes, raising tariffs, withdrawing from key agreements and moving away from
the rules-based global trade order. These measures could have profound impacts.
A large increase in US public debt and investment could keep global interest
rates stuck higher for longer. Steep tariffs could disrupt global value chains
and hamper China’s economic growth.
A further withdrawal of US leadership from global matters could lead to a
decline in international trade and a significant weakening of the World Trade
Organization (WTO).
Other countries – including Australia – won’t be able to look away and simply
hope for the best. For better or worse, the world must now adapt to the return
of Trump."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
