Donald Trump vs Kamala Harris: How will markets react after the US election?
Nov 5, 2024
Former president Trump has been campaigning heavily on economic issues around tariffs, so it will be no surprise that markets expect some impact on the economy from his win.
Trump is promising to raise tariffs by as much as ten times higher, which could worsen inflation as prices rise for US consumers.
If Vice President Kamala Harris manages to pull off a victory, things should stay fairly steady, other than perhaps a slight bump of relief from Trump’s policies.
Harris would likely continue Biden’s agenda of investing in renewables, infrastructure and specialist areas of the US economy like chipmakers, all of which could get a bump from her victory.
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Produced by: Elliot Gulliver-Needham, Larissa Howie, Joe Lee, Emmanuel Nwosu
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