12 Nov 2024
Trump Triumphs
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Donald Trump is back as President.
Key policies include reducing US corporate tax rate from 20% to 15%, reducing immigration (includes deporting 20 million undocumented people), slashing energy regulations, slashing financial regulations and increasing tariffs on trade.
If tariffs are increased 10% to 20% on all imported goods and 50% to 60% on goods imported from China this would take the average US tariff rate on imports to around 17% which has not been seen since the 1930’s.
Click for chart.
Be prepared for a shake-up, change and upheaval in financial markets.
As Benjamin Graham taught us, all we need to do is remain invested according to our appetite for volatility and when the next panic takes hold, react by buying more quality assets at discounted prices.
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