Perspective on Donald Trump taking charge as the US President by Mr Nish Bhatt, Founder & CEO, Millwood Kane International
Below the Perspective on Donald Trump taking charge as the US President by Mr Nish Bhatt, Founder & CEO, Millwood Kane International
Donald Trump took charge as the US President, and as promised he signed as many as 80 executive orders, many of them overturning orders of the former government. Global markets were anxiously waiting for this event. But, unlike his election rhetoric, the actual decisions were practical and gradual. There were no announcements of import tariffs on Chinese goods, which was a big relief for global trade. The decision to impose a 25% tariff on Canadian and Mexican imports is gradual and not final as the effective date is February 1.
Donald Trump is expected to use tariffs as a bargaining tool with countries that are running a higher trade deficit with the US. His first day at the office indicates that the decisions will be more thought through and gradual, a move that will prevent any knee-jerk reactions in the market.
Most global markets, barring India are trading in the green. A sign of what is to come. Having said that, this regime of
Trump is likely to be unpredictable, their move against Chinese imports, US interest rates, the Dollar index, and H1B visas will be the next big thing to watch out for.
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