Brief by Shorts91 Newsdesk / 10:45am on 10 Nov 2024,Sunday India Global
Donald Trump’s return as U.S. president is likely to strain U.S.-China relations, which could benefit India and other Asian economies, according to Moody’s Ratings. The agency noted that Trump’s planned restrictions on Chinese investments in strategic sectors could divert trade and investment flows towards India and ASEAN countries. Moody’s added that Trump’s policies might include steep tariffs on Chinese imports, protectionist trade measures, and reviving fossil fuel production, while potentially reversing U.S. climate initiatives. Additionally, the Trump administration is expected to pursue lighter regulations for small and midsize banks, potentially elevating economic risks while boosting specific industries.
