Global economy chiefs fret over Trump's return as US election nears

Quick Summary:

Biden kept in place Trump's previous tariffs on imports of steel, aluminum and Chinese goods - raising them steeply on Chinese imports in new industries such as electric vehicles and solar.

Brazil's central bank chief Roberto Campos Neto said that the pro-Trump market bets were already having an inflationary impact on long-term interest rate futures in the dollar-sensitive economy, adding that both Trump's and Harris' fiscal plans had inflationary elements.strength was offsetting weakness in China and Europe.

Republican candidate Trump's gains in recent polls to erase much of the early advantage of his Democratic opponent, Vice President Kamala Harris, was part of nearly every conversation among finance officials, central bankers and civil society groups attending the meetings in Washington this past week.

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Category: BusinessFinance

Markets: IndiaBrazilChinaJapanSaudi ArabiaSouth Africa

Topics: IMF Us debt World Bank Social security Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 12:33:00 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 988 words

Reading Time: 6 minutes read

Sentences: 27 lines

Sentence Length: 37 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23280254

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