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How Trump / Harris Win Will Shape the Global Economy?

With the U.S. 2024 election days away, global markets are bracing for impact. Investors and traders worldwide are assessing how the policy directions of each candidate—Donald Trump or Kamala Harris—could affect international trade, stock markets, and economic strategies. Here, we’ll explore the predicted global economic outcomes depending on the election result.

A Donald Trump win could see a return to some of his previous policies:

  1. Trump’s administration previously imposed tariffs on China and other trade partners. This approach could lead to market volatility in Asian and European sectors dependent on U.S. trade, particularly in technology and automotive industries. Trump’s trade policies could also boost sectors tied to U.S. manufacturing, which benefits from reduced import competition.
  2. Trump’s energy strategy has traditionally supported fossil fuels, which could lead to increased U.S. oil production. This would likely boost oil and gas stocks but put pressure on renewable energy investments. Global oil exporters like Saudi Arabia and Russia may face price volatility as a result.
  3. Trump’s prior tax cuts led to increased corporate profitability, benefiting sectors like technology and industrial manufacturing. A renewed focus on tax cuts could strengthen U.S. equities in the short term, though increased government debt may impact Treasury bonds.

Potential Impact of a Harris Victory

Kamala Harris’s approach would likely align more with the current administration’s policies, with a focus on global cooperation and sustainability:

  1. Harris has been a strong advocate for climate-friendly policies, which could drive investment in clean energy. This would boost renewable energy markets in North America, Europe, and Asia. Meanwhile, traditional energy sectors could experience pressure, affecting U.S. oil and gas producers while benefiting global suppliers if U.S. production declines.
  2. Harris’s likely emphasis on diplomacy and alliance-building would ease trade tensions with Europe and Asia. Her approach might lead to stabilized trade relations with China, positively impacting supply chains reliant on Chinese production.
  3. Expected increased spending on U.S. infrastructure could boost construction and manufacturing stocks while driving demand for commodities like steel, copper, and lithium. However, rising U.S. debt could weaken the dollar, creating currency volatility that affects emerging markets.

Strategies Moving Ahead of the US Election

  1. To hedge against energy market fluctuations, consider exposure to both fossil fuels and renewables.
  2. Monitor currency pairs involving USD, EUR, and CNY, as election-driven volatility could affect currency movements.
  3. Tech stocks might benefit from Harris’s policies, while manufacturing and energy sectors could perform better under Trump. Adjusting portfolio exposure based on these sectoral forecasts may help mitigate risks.

Conclusion

The 2024 U.S. election brings potential for major global market shifts. Whether Trump or Harris wins, traders should prepare by diversifying and monitoring sectors and currency pairs impacted by U.S. policies.

For more up-to-date analysis, insights, and advanced trading tools, log on to Bold Prime. Additionally, consider using CopyTrade to mirror the strategies of expert traders and earn through profit-sharing without the hassle.

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About Us

Why Bold Prime

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TRADING

CFD Foreign Exchange

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Introducing Broker

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MT4 & MT5

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Privacy Policy

Data Protection

Client Agreement

AML / KYC Policy

Terms and Conditions

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Risk Disclosure : An investment in derivatives may mean investors may lose an amount even greater than their original investment. Anyone wishing to invest in any of the products mentioned in this website should seek their own financial or professional advice. Trading of securities, forex, stock market, commodities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Trading in the financial markets has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. Don’t invest and trade with money which you can’t afford to lose. Forex Trading are not allowed in some countries, before investing your money, make sure whether your country is allowing this or not.

You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any currency or spot metals trade. Nothing in this site should be read or construed as constituting advice on the part of Bold Prime Limited or any of its affiliates, directors, officers or employees.

Restricted Regions: Bold Prime Limited does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, Sudan, Malaysia*, Australia. The services of Bold Prime Limited are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

*Restricted from boldprime.com. However, Malaysian clients are able to access myboldprime.com

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