Analysis: Trump MAGA Agenda Speeds Up De-Globalization

TS Lombard: Fragmentation – not just bifurcation – set to become the prevailing trend

Really nice piece breaking down The macro Geo-economic changes potentially coming under Trump’s second term.

Plain spoken:

Trump’s decisive presidential victory alongside the incoming Republican trifecta in Washington has handed the former President what he never had in his first term: a perceived mandate from America’s voters to reshape the country’s role in global trade and geopolitics along the lines of his America First vision.

Calling the End of Globalization and NeoLiberalism:

Global fragmentation – not just US-China bifurcation – is the likely result, with the ensuing and unpredictable changes, both negative and positive, set to ripple out to 2030 and beyond. [We also look at] how the biggest loser of the election was not Democrats, but Reaganomics.

Here are some bottom lines:

◼ America First’ redux = global fractures will accelerate, with fragmentation – not just bifurcation – set to become the prevailing trend

◼ Trump 1.0 re-run or full Trump 2.0 additions? If the latter, market shocks are coming – yet new opportunities too, if policymakers (big if) can grasp the nettle of bold action

◼ With Trump’s win and early cabinet picks, we republish our US Election Grid RoW impact note here, with minor updates to reflect our top takeaways for core regions

Plenty of good graphics as well

Cheers….