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Keith Wade, Chief Economist Strategist, Schroders : Donald Trump's victory in the US presidential election could lead to trade wars, with tariffs likely to rise.
Congratulations to Donald Trump who has defied the odds and the naysayers to become the oldest elected president of the US. This is an extraordinary achievement for a Washington outsider who had to beat 16 others for the Republican nomination, as well as a seasoned politician like Hillary Clinton for the presidency. Meanwhile, commiserations to Hillary for whom the election was hers to lose. And spare a thought for the opinion pollsters whose reputations lie in tatters. Investors must now absorb the reality of a president who has promised to create 25 million jobs and build a wall across the...
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