Trump's Re-election Sparks Global Trade Concerns

Donald Trump has been re-elected as US president, raising questions about the implications for Asian businesses and geopolitical relations. Major Asian chipmakers, such as TSMC and Samsung, have heavily invested in the US, with expectations that subsidies will continue despite Trump's earlier criticism of such programs. Regional leaders, including Taiwan's President and India's Modi, expressed hopes for strong leadership from Trump, whereas China's reaction has been muted, labeling the election as an internal US matter. Trump has proposed significant tariffs on imports, particularly targeting China and Mexico, which could impact various industries including automotive and semiconductor sectors. Experts suggest that while military efforts in the Indo-Pacific may remain stable, Trump's trade policies could lead to economic turbulence globally. The landscape in Europe has also shifted significantly since Trump's first term, with new leadership and changing political dynamics potentially affecting transatlantic relations.