Yesterday, 10:52
Companies around the world are looking forward to the US presidential election. Depending on the outcome of the election, one sector or another is likely to come under greater pressure – or, on the contrary, benefit.
Looking at the impact of both candidates on different industries, the basic direction is clear: Donald Trump is currently Trade war with China take a tougher approach than Kamala Harris and clearly prefer domestic companies.
An intensification of the trade dispute with China could in particular Technology sector suffer. Since many US companies develop their products in the USA but produce them in Asia, tariffs could have a serious impact on the value chain, according to an assessment by the ZKB, for example.
UBS also sees it that way. The experts say that the rhetoric surrounding export restrictions in the semiconductor industry is already having a strong impact on the markets – regardless of the candidate. Due to the close integration of supply chains, any disruption leads to uncertainty.
Die Defense industry could get a boost under Trump. Also Financial stocks could benefit from a somewhat more “lenient” classification of regulations if Trump appoints appropriately qualified people to the appropriate positions.
But Kamala Harris is unlikely to face any more headwinds for the financial sector either. She will indeed The bank Hardly let them off the leash, but according to experts they don’t have to worry about even tighter thumbscrews.
With regard to the energy sector, in the event of a “red wave”, i.e. a victory for Trump in the presidential election and a Republican-dominated Congress, there will be some relief for companies Oil and gas industry to be expected.
Because it is Trump who declaims: “Drill, baby, drill.” The US presidential election will also set the course for the Development of the world climate placed.
In return, many experts see Harris winning renewable energies somewhat at an advantage. Because the Democrats want to modernize the economy and with it the energy supply. However, the US energy transition is now well anchored among the American population, so that the industry can continue to make progress even under Trump.
Things could also be positive for Harris under Harris Construction sector because, for example, it plans to support first-time buyers of real estate with $25,000. However, things would look less good for them Pharmaceutical companies under the leadership of the Democrats. Price controls for medicines are certainly conceivable here. (SDA)
