Prospect of Trump presidency unnerves companies, economists
The prospect of a Donald Trump presidency unnerves businesspeople and economists who see him as a reckless novice who might disrupt trade and a struggling global economy.
Financial markets sank Wednesday as Trump declared victory following a campaign marked by fiery anti-foreign rhetoric and promises to tear up trade deals, restrict immigration and lock up political rivals.
Trump’s shifting and radical positions on key issues and lack of details such as who might be appointed to Cabinet posts heightened jitters by leaving many uncertain about the direction of the world’s biggest economy and market.
“We simply can’t know what type of President Trump will be,” said Paul Ashworth, chief U.S. economist for Capital Economics, in a report.