How Will Potential Trump 2.0 Impact The Global Economy?

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  • Published On: October 28, 2024
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In today's episode of US Election Watch, with Trump erasing Harris' leads in the polls and even leading in a few polls, the US elections was part of nearly every conversation among finance officials, central bankers and civil society groups attending the meetings in Washington. Fears are running high with concerns over Trump's potential to upend the global finance system with massive tariff increases, trillions of dollars more in debt issuance and more. Trump has vowed to impose a 10% tariff on imports from all countries, and 60% duties on imports from China. These would hit supply chains throughout the world, likely triggering retaliation and raising costs. This is after the IMF also warned the trade tariffs favoured by Trump could hurt global growth. NDTV's Ankit Tyagi speaks to Jayant Krishna, Senior Fellow, Centre for Strategic and International Studies (CSIS).

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