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Friday 23rd February 2024

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The US has been enjoying healthy share prices and a market preparing for lower interest rates, with the much-vaunted soft landing. But how much of this good will could disappear if Donald Trump returns to the White House next year? The FT\u2019s Katie Martin says markets haven\u2019t been preparing much just yet because, well, it may not happen. But there\u2019s also the question of how big the gap is between what Trump says he\u2019ll do and what eventuates. Katie suggests corporate America will advise him of the consequences if he were to push ahead with a 55% tariff on all Chinese imports. We can assume he will be far less supportive of green initiatives. We also know he tends to measure economic success by share market performance. The unknown element is his approach to foreign policy. That might mean it'll be time to derisk.

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