- Jaiswal slams majestic 161 but Australia fight back in Perth
- Edinburgh's alternative tour guides show 'more real' side of city
- IPL teams set to splash the cash at 'mega-auction' in Saudi Arabia
- Olympics in India a 'dream' facing many hurdles
- Wounded Bangladesh protesters receive robotic helping hand
- Majestic Jaiswal 141 not out as India pile pain on Australia
- Giannis, Lillard lead Bucks over Hornets as Spurs beat Warriors
- Juan Mata agent slammed as 'cowardly' by angry A-League coach
- Marta inspires Orlando Pride to NWSL title
- Palestinian pottery sees revival in war-ravaged Gaza
- Main points of the $300 billion climate deal
- Robertson wants policy change for overseas-based All Blacks
- Israel retreat helps rescuers heal from October 7 attack
- Afghan women turn to entrepreneurship under Taliban
- Mounting economic costs of India's killer smog
- At climate talks, painstaking diplomacy and then anger
- Uruguayans head to polls with left hoping for comeback
- Trump's mass deportation plan could end up hurting economic growth
- Iran director in exile says 'bittersweet' to rep Germany at Oscars
- US consumers to bargain hunt in annual 'Black Friday' spree
- Cheers, angst as US nuclear plant Three Mile Island to reopen
- Scientists seek miracle pill to stop methane cow burps
- Australia ditches plans to fine tech giants for misinformation
- Developing nations slam 'paltry' $300 bn climate deal
- Red Bulls win 'Hudson River derby' to reach conference final
- Neuville wins world title after Tanak crashes at Rally Japan
- Neuville wins world rally title after Tanak crashes in Japan
- Colapinto cleared for Las Vegas GP despite heavy crash
- 'Smiling One' Amorim vows he has ruthless streak Man Utd need
- Marseille down Lens to stay in touch with Ligue 1 leaders, Lyon draw
- New Zealand beat 'proud' Italy in Cane's Test farewell
- Barca collapse in Celta draw without Yamal, Simeone hits milestone
- Thailand's Jeeno equals Yin for lead at LPGA Tour Championship
- New Zealand beat Italy in Cane's Test farewell
- Marseille down Lens to stay in touch with Ligue 1 leaders, Lyon held to draw
- Liga leaders Barca suffer late collapse in Celta draw
- Retegui fires Atalanta top of Serie A ahead of Inter
- Greaves hits maiden Test century as West Indies dominate Bangladesh
- Venezuela opposition calls for mass anti-Maduro protest on Dec. 1
- 'Fragile' Man City in uncharted territory, admits Guardiola
- Erasmus hails Springbok strength in depth after thrashing Wales
- Postecoglou calls for consistent Spurs after Man City rout
- 'We've never lived this situation' admits Guardiola
- Lebanon says more than 55 killed in Israeli strikes
- 'We've never lived this situation' admits Guardiola as Man City lose five in a row
- Under-fire Gatland 'motivated' to continue as Wales coach
- South Africa send Wales crashing to 87-year low in Test rout
- Spurs condemn Man City to fifth straight defeat as Arsenal win
- Defeated Leipzig lose more ground on Bayern, Frankfurt go second
- South Africa put Wales to the sword to wrap up season
What impact will Trump have on the world economy?
Donald Trump's return to the White House with his protectionist policies poses threats for the global economy, with the prospect of new trade wars, resurgent inflation and slower growth, experts say.
- Global trade threatened? -
During his first term in office from 2017 to 2021, Trump often resorted to punitive tariffs in disputes with trade partners.
In this 2024 campaign, he pledged to impose an additional 60 percent import tariff on Chinese products and an extra 10 percent tariff on products from the rest of the world.
Taking into account the probable retaliatory measures from Beijing and Brussels, the impact on the European Union economy will be $533 billion through 2029, $749 billion for the United States and $827 billion for China, according to a study by the Roland Berger consulting firm.
A separate study by the London School of Economics estimated that the impact on emerging market nations such as India, Indonesia and Brazil would be much less.
Jamie Thompson, head of macroeconomic forecasting at London-based Oxford Economics, said he sees little shot-term economic impact due to the delays in implementing policies, but they could be positive for growth.
"While the outlook for 2025 is essentially unchanged, global growth is likely to be a little stronger in 2026 and 2027 on the back of the election result, as the impact of looser US fiscal policy more than offsets the drag from targeted tariff measures," he told AFP.
But if across-the-board tariffs are imposed it "could leave the global economy around 0.75 percent smaller –- and global trade down some three percent -- by the end of the decade," he added.
The prospects for international cooperation, which can boost trade and growth, will also be dimmer under a second Trump administration, said Tara Varma, a visiting fellow at the Brookings Institution, a US think tank.
"The multilateral world of the 1990-2000s will no longer exist," she said, adding that she anticipates a brutal change in US policies.
- A surge in inflation? -
Donald Trump's policies could also rekindle inflation, which cooled following a series of interest-rate hikes that the Federal Reserve began to unwind this year.
The Peterson Institute for International Economics, a US think tank, estimated it could add between two and four percentage points to China's inflation rate.
The impact of "immigration policy is as important as global trade" on inflation, noted for his part Gilles Moec, chief economist at insurer Axa.
If Trump follows through with talk of a massive expulsion of unauthorised immigrants it could aggravate the labour shortage in the United States.
The Pew Research Center estimated that 8.3 million unauthorised workers could be affected.
The Peterson Institute for International Economics estimated this could add more than two percentage points to the US inflation rate next year, 0.2 percentage points in Europe and 0.6 percentage points in China.
Moec noted the surge in inflation would force central banks to hit the brakes on the cycle of interest rate cuts they began earlier this year as inflation subsided.
Analysts had been looking at lower interest rates to spur consumers to spend and companies to invest and put some more wind into the sails of the global economy.
- Trade war to snuff out growth? -
The trade war that Trump has threatened to wage against China risks sapping global growth.
Asia accounts for 60 percent of global growth, but would be hit hard by a trade war between the United States and China, the International Monetary Fund warned earlier this month.
The United States has also been one of the fastest growing developed economies but Trump's policies risk shaving two percentage points off US GDP per year between 2027 and 2031 from baseline estimates, according to a forecast from the Peterson Institute.
W.Lapointe--BTB