More tariffs, less red tape: what Trump will mean for key global industries | Business
Donald Trump’s victory in the US presidential election left investors and business leaders across the globe scrambling to assess what his return to the White House will mean.
Stock markets, the dollar and bitcoin rallied in the immediate aftermath of his win, while shares in defence companies, prison operators and Elon Musk’s Tesla rose sharply. Meanwhile, renewable energy companies’ and German carmakers’ stocks fell. Here, we study the outlook for key industries.
Manufacturing and cars
Global manufacturers are firmly in Trump’s sights. Threatened 10% tariffs on all goods imports – and up to 60% and 100% for China and Mexico respectively – would inevitably be passed on to US buyers, raising prices and depressing import…
