China faces hits from a Trump administration potentially cutting its companies' access to new techs
LONDON – The US presidential election, the most consequential vote for financial markets in an election-packed year, is weeks away.
Over the longer term, however, her plans to raise corporate taxes from 21% to 28% could curb margins for American firms and European dollar earners alike. A further cut under Trump would likely be welcomed on both sides of the Atlantic. ING added that a Trump win could also hurt the Australian and New Zealand dollars – currencies of economies dependent on trade from China, a main target of higher tariffs. Around 37% of Australia's and 29% of New Zealand’s exports land in China, ING noted.
That would likely increase China scepticism among US investors and intensify a trend for multinationals to remove made-in-China components from their supply chains, he added.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Spotify expands AI Playlist feature to new markets including US, CanadaSpotify expands AI Playlist feature to new markets including US, Canada
مزید پڑھ »
Putin jokes too: Russian president was joking about support for Harris in US electionPutin jokes too: Russian president was joking about support for Harris in US election
مزید پڑھ »
Elon Musk has often inflamed politically tense moments, raising worries for the US electionElon Musk has often inflamed politically tense moments, raising worries for the US election
مزید پڑھ »
Russia, Iran, China expected to use AI to try to influence US electionRussia, Iran, China expected to use AI to try to influence US election
مزید پڑھ »
More than AI misinformation, US voters worry about lying politiciansUS voters lying politicians become the top concern, overshadowing AI misinformation as the election season approaches.
مزید پڑھ »
Suspicious 'white powder' packages sent to election officials in 6 US statesSuspicious packages sent to US election officials in six states, triggering a security alert amid rising concerns about election-r...
مزید پڑھ »