The Republican party’s political trifecta victory, taking control of the Oval Office and both the US Senate and House of Representatives, means that, in theory, it will be easier for Trump to pass policies once in office.
One of his major campaign pledges was the adoption of a 10% tariff on all imports and a 60% levy on Chinese goods made during his campaign run, which could prove inflationary for US customers and further raise the government deficit, according to Alexandra Morris CIO of SKAGEN Funds.
“It was not all good news for the president-elect, […], with bond yields, interest r…
Trump policies spark volatility for US Treasuries and add pressure to rising national debt levels
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