About this work
The immediate market response to Trump's 2024 election victory is weighed against the longer implications of his policy agenda. Tax cuts and deregulation could support activity, while fiscal expansion, tariffs and tighter immigration could add inflation and financing pressures. A stronger dollar would transmit part of that adjustment to emerging borrowers.
Abstract
The immediate market response to Trump's 2024 election victory is weighed against the longer implications of his policy agenda. Tax cuts and deregulation could support activity, while fiscal expansion, tariffs and tighter immigration could add inflation and financing pressures. A stronger dollar would transmit part of that adjustment to emerging borrowers.
Cite this work
Marcello Estevão, Jonathan Fortun (2024). IIF Special Report: Second Act: Trump’s Agenda and Global Markets. Institute of International Finance.