Trump’s second term: key market implications for investors

Policy shifts under Trump’s second term are driving uncertainty across trade, fiscal policy, and key industries. Tariffs on China, Mexico, and Europe raise inflation risks, while extended tax cuts could fuel deficit spending. Stricter immigration policies may tighten labour markets, adding wage pressures, and deregulation is expected to ease constraints on business and financial sectors. The energy landscape faces potential rollbacks of emission rules and renewable incentives, while healthcare policy could see shifts in Medicaid funding and drug pricing. These evolving policies present risks...