According to ChainCatcher, Marcelo Assalin, head of William Blair's emerging market debt team, said that the expectation of Trump's victory in the election should lead to weak global economic growth and a short-term surge in inflation. The possible increase in tariffs will also put pressure on trade, and major economies with large trade surpluses with the United States may be affected first. To offset higher tariffs and the fragility of the global economy, Marcelo Assalin and his team expect the global monetary policy response to accelerate, triggering a decline in global interest rates. The outcome of the US presidential election will not change the expectation of lower global interest rates and improved liquidity conditions in the second half of the year. (Jinshi)