Instead of clearing up the uncertainty about the direction of US economic policy, Donald Trump’s victory in last November’s presidential election has only magnified it, with threats of massive punitive tariffs and the potential upending of traditional geopolitical alliances plunging the rest of the world into a state of heightened uncertainty too. Uncertainty could end up weighing on global investment and consumer spending for an extended period, particularly if Trump repeatedly pushes back his tariff deadlines.
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