Donald Trump's victory in the 2024 U.S. presidential election could have significant implications for trading. Here are some key areas to consider: - Trade Policy: Trump's proposed tariffs on imported goods could lead to a 0.3% to 0.5% decrease in the U.S. GDP in 2025. This could also result in higher inflation, potentially increasing the Consumer Price Index (CPI) by 1.5% to 2% year-over-year. - Taxes: Trump has expressed interest in extending the 2017 Tax Cut and Jobs Act, which could boost near-term growth expectations by up to 0.7% of real GDP However, this could also increase the fiscal deficit. - Immigration: Trump's proposed mass deportations of undocumented immigrants could impact labor markets, potentially reducing immigration levels and affecting economic growth. - Industrial Spending: Trump's opposition to the green transition could pose a risk to parts of the Inflation Reduction Act and CHIPS Act spending, potentially slowing investment in renewables. - Market Volatility: Trump's presidency has historically been associated with increased market volatility, which could impact trading decisions.