Let's dive into the consequences of Donald Trump’s return to the White House—a turning point in political and economic history worldwide.
On the economic front, Trump is pushing massive tax cuts and reinforced protectionism to boost American industry. But behind this strategy lies a potential risk: a record deficit that could become a burden for future generations.
From a monetary perspective, this spending-and-deficit approach is putting pressure on the Federal Reserve. To counter inflation, the Fed may be forced to keep interest rates high, which would make borrowing more expensive and weigh on the broader economy.
In geopolitics, Trump is taking a hard line with China and traditional allies. With strained trade relations and a transactional approach to NATO, Europe could be forced to redefine its alliances while preparing potential trade reprisals.
Looking at sectors and markets, key beneficiaries of this shift include automotive, defense, and fossil fuels, while renewable energy may lose ground. American companies focused on the domestic market could benefit from this protectionist wave—but at what cost to the environment?
Finally, Switzerland is far from unaffected. Our exports to the U.S. could be impacted by new tariffs, while the Swiss franc, still seen as a safe haven, may attract even more investors seeking stability in uncertain times.
Thank you all for joining us in this thought-provoking analysis. Trump’s return, beyond its surprise effect, is a challenge to global balance. Markets are adjusting, risks are rising, and new opportunities are emerging—the future will depend on how we choose to seize them.
