Howard Chua-Eoan, Columnist

Will the Trump Trade Go Geopolitical or Ballistic?

The reelected president will have a lot to deal with and a lot of fears to allay.

November 8, 2024 at 4:00 PM UTC

Howard Chua-Eoan is a columnist for Bloomberg Opinion covering culture and business. He previously served as Bloomberg Opinion's international editor and is a former news director at Time magazine.

Time to reconnect?
Photographer: Brendan Smialowski/AFP

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The second coming of Donald Trump is driving America’s friends and enemies a little batty. As Marcus Ashworth puts it: “The rest of the world isn’t waiting around to price in Trump’s ‘America First’ agenda. Emerging market currencies are feeling the strain with virtually all this year's gains evaporating, with the Mexican peso weakening by more than 3% as it’s directly under the Trump spotlight.” (But see Juan Pablo Spinetto in Telltale Charts below.) The euro, meanwhile, suffered its biggest drop against the dollar since 2016 — the year Trump was first elected.