Reported about 1 year ago
On July 8, 2024, Li Woqiang, a professor at Tamkang University's Department of Finance, mentioned the potential impact of Donald Trump's economic policies dubbed 'Trumponomics 2.0' if he were to return to power. Trump's emphasis on trade protectionism, tax cuts, manufacturing resurgence, and expanding infrastructure could introduce greater market uncertainty. Concerns arise over a possible 'Trumpflation' scenario leading to inflation, economic recession, rising unemployment, and adverse effects on low-income individuals. Additionally, Trump's foreign policy, trade protectionism, and focus on traditional industries could impact markets and international relations, potentially involving Taiwan as a bargaining chip in US-China negotiations.
Source: YAHOO