Trump's presidency may benefit India as trade diverts from China: Moody's

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Trump's presidency may benefit India as trade diverts from China: Moody's - Business Standard

Quick Summary:

Donald Trump's presidency may see trade and investment flows diverting away from China as the US tightens investments in strategic sectors but this shift might benefit India and ASEAN countries, Moody's Ratings said on Friday.

In a second Trump administration, Moody's expects large fiscal deficits, protectionist trade actions, climate-measure rollbacks, a stricter stance on immigration, and easing regulations.

The November 5 election of Trump as the next US President will likely materially shift its policies from those of the current Joe Biden administration.