America Ratings agency Moody’s said on Friday that after Donald Trump becomes US president, trade and investment flows from China could disappear. Moody’s believes India can benefit from Trump being president. In addition to this, ASEAN countries can also benefit from Trump’s policies. Moody’s Ratings said in a statement that after Trump is elected the next president on Nov. 5, major changes to current U.S. policies are expected.
Trump can pursue an aggressive immigration policy
Moody’s said the Trump administration is expected to have larger fiscal deficits, protectionist trade measures, a stalemate on climate measures, a tough stance on immigration and relaxed regulations. According to the rating agency, Trump could pursue a more aggressive immigration policy if he becomes president for a second time. However, this rigor can lead to labor shortages in sectors such as agriculture, retail, hospitality, manufacturing and healthcare.
Trade and investment flows may move away from China
Regarding Trump’s foreign policy, Moody’s said trade and investment flows in the Asia-Pacific region could shift away from China as the United States adjusts investment in strategic sectors. The rating agency said: “India and ASEAN countries stand to benefit from this change in US policy.” “The continued polarization between the United States and China also threatens to increase geopolitical divisions in the region, which could disrupt the global supply of semiconductors.”
Donald Trump defeated Kamala Harris in the presidential election
We tell you that in the presidential elections held in the United States, Donald Trump, of the Republican Party, has registered a historic victory over Kamala Harris, of the Democratic Party. To become president of the United States, 270 seats were needed and Trump won 295 seats. On the other hand, Kamala Harris won 226 seats. Donald Trump got a total of 7,35,15,834 votes while Kamala Harris got 6,91,88,322 votes.
With PTI inputs
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