Global economy prepares for the Trump ‘macro shock’

finance
Created 11/6/2024
Updated 11/6/2024

Donald Trump’s election has sparked global concerns over his protectionist trade stance, which could disrupt exporters in Europe and Asia. Germany and Ireland are particularly vulnerable, with Germany fearing economic and security challenges, and Ireland facing risks from tariffs on its strong trade ties with the U.S. Furthermore, a proposed 60% tariff on Chinese exports and punitive levies on Mexican goods could trigger trade wars, raising costs and cutting growth. While U.S. markets rallied on hopes of tax cuts, global shipping and manufacturing sectors brace for volatility. Analysts warn of long-term global economic strain, particularly in already fragile regions.

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