WASHINGTON—Global finance leaders face a major uncertainty as they meet in Washington next week: Who will win the US presidential election and shape the policies of the world’s biggest economy?
Without naming Trump, she warned that “major players, driven by national security concerns, are increasingly resorting to industrial policy and protectionism, creating one trade restriction after another.” However, mainstream economists say they actually amount to a tax on American consumers that would make the economy less efficient and send inflation surging in the United States.
“Then the question will be, how will the nuances of each administration be different,” Banga said. “I don’t know yet so I’m not going to speculate on how to deal with them.”