The Triumph of Trump London Business School economics expert comments on the impact of Donald Trump’s victory on Asia
The news that Donald Trump will become the 45th President of the United States has rattled global financial markets.
Speaking on the election result and the impact the new presidency could have on Asia, Linda Yueh, Adjunct Professor of Economics, London Business School, said:
“We saw a change of mood overnight reflected in the markets. Early polls had Clinton winning, but the surprise when Trump began to lead made markets rethink what economic policy would be in the future.”
“Most Americans have now elected Trump. And some businesses believe his economic policies and tax cuts will put America on a better track.”
“Across the board, European markets are still wary about Trump’s promises including doubling economic growth. The Asian markets are still down substantially, which is due to concerns with trade. Trade is the one area that the President has the authority to change without congressional approval. Approval is needed to pass trade agreements, but not to pull out or renegotiate them.”