Impact of Trump’s inflationary economic plan uncertain until he makes his first move

Quick Summary:

SINGAPORE – Expect interest rates to remain high and the Singapore dollar and other Asian currencies to ease as president-elect Donald Trump starts to bring his inflationary economic agenda into reality.

US President-elect Donald Trump has pledged to cut taxes, unwind regulations on energy and finance, and impose harsh tariffs on trade partners.

His pledge to cut taxes, unwind regulations on energy and finance, and impose harsh tariffs on trade partners have increased concerns the US government will be looking to raise more debt to finance these moves.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaIndonesiaJapanMalaysia

Topics: Cent Trump Economic Higher Rates Growth Tariffs China Dollar Analysts Taxes

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 16:19:12 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 961 words

Reading Time: 6 minutes read

Sentences: 29 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23459160

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 20 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 37 minutes ago

Coverage Areas: Singapore

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Publisher ID: #25

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