Donald Trump's victory has been affecting markets worldwide. His win is changing the dynamics between countries and impacting conflicts between some nations. This highlights how significant he is to the world today.
Here is some good news for India.
It is well known that China has been the biggest exporter of iPhones to the world, with India standing next. If Trump implements the policies he mentioned during his campaign, India’s manufacturing potential could increase dramatically, possibly surpassing $30 billion in iPhone exports.
Trump has stated that he would levy a 40% tax on products imported from China to the USA. This would deal a massive blow to the Chinese market, creating an opportunity for India.
Not only that. The iconic Trump Towers is set to debut in Hyderabad’s Madhapur. The development will feature two lavish 27-story towers, offering expansive 4BHK and 5BHK apartments, elevating the city’s skyline with a touch of luxury.
Bitcoin is currently priced at $85,000, and analysts predict it could soon hit $100,000, thanks to the "Trump effect." As a result, other meme coins are also increasing in value as a collateral effect across the entire cryptocurrency market.
Coming to USA perspective, Tesla, led by CEO Elon Musk, a notable supporter of Trump, saw its stock surge by 29%, bringing its market capitalization back to $1 trillion. Major banks, including JPMorgan Chase and Wells Fargo, also enjoyed substantial gains.
