How Trump's second White House term could impact the economy

Published On Nov 12, 2024, 6:00 AM

The article discusses the potential economic impacts of Donald Trump's second term as president. Expectations are high amongst investors for an economic boost due to the continuation of tax cuts and deregulation. US manufacturers may benefit from lower corporate tax rates and deregulation, while sectors like housing and energy could see varying effects based on proposed policies. However, concerns linger regarding inflation impacts from tariffs and supply chain disruptions. Overall, experts point to winners such as US manufacturers and losers including certain retailers and multinationals due to potential trade tensions and tariffs.

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Stock Forecasts

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Positive

With Trump's proposed tax cuts and deregulation measures expected to boost economic growth, companies in manufacturing and related sectors may experience significant growth. As a result, ETFs focusing on industrials and manufacturing sectors could benefit.

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Negative

Expectations of surging tariffs and trade renegotiations could negatively impact multinational corporations that rely on global supply chains. Companies in the retail sector may also face challenges due to rising product prices from tariffs.

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Energy companies could see short-term boosts due to increased oil and gas permitting, which may drive stock prices up despite potential long-term concerns as renewables continue to gain ground.

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