CHINESE ECONOMY MAY GET A BOOST IF TRUMP STICKS TO HIS PROPOSED HIGH TARIFF
A MORE PROTECTIONIST POLICY WILL ONLY ALIENATE U.S. FROM GLOBAL ECONOMIES
18-11-2024 11:34 GMT-0000
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Donald Trump made history by winning a larger share of Black and Hispanic votes compared to 2020, and by becoming the first since George W. Bush to win based on popular votes. There had already been indications of Trump winning, although not by such a decisive margin. Initially, the US betting industry was predicting a Trump win. Then, there was the indication from the US stock market. In October, the stocks owned by Trump, performed much better than the stocks listed in S&P 500. More importantly, Trump is being funded by major corporations and is supported by the White Protestants and Catholics. Historically, the US business leaders have consistently supported Republicans. Between 2007 and 2017, 57% of the CEOs of S&P 1500 companies contributed politically to the Republican Party, 19% gave to the Democrats, and the rest split their contributions between the two parties.