Donald Trump's election immediately impacted stock markets and currencies, with defence companies, Tesla, and cryptocurrencies rallying, while European carmakers and renewable stocks tumbled.
Analysts warn that Trump's proposed tariffs on imports could lead to price hikes for US consumers, significantly affecting industries like pharmaceuticals and automotive heavily reliant on European exports.
Trump's approach may force international manufacturers to transition to US production as he expresses a desire for German car companies to 'become American car companies'.
Trump's interest in crypto is notable; he aims to position the US as the leading hub for cryptocurrency, promising to replace the current SEC head, who is less supportive.
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