Trump’s approach on taxes and immigration would put pressure on the U.S. labour market and wider economy, Melman told a press conference on the firm’s H2 outlook.Trump has established a sizable lead over President Joe Biden in the White House race since the two candidates debated on June 27.
SPONSORED CONTENT Shell awards Sabah LiveWIRE winners Kota Kinabalu: Shell has awarded five enterprises as the state winners of Shell LiveWIRE Malaysia 2024, following the Sabah state finals held at Plaza Shell in Kota Kinabalu. . Read more “What is true about Donald Trump, his programme, is significantly inflationary,“ said Melman.
Trump also has plans to launch the largest deportation effort in U.S. history, focusing on criminals but aiming to send millions back to their home countries.“When the odds of Trump being elected got higher suddenly, the risk pricing from the markets was immediate,“ Jacques Aurelien Marcireau, co-head of equities at of Edmond de Rothschild, told the press conference.
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