According to BlockBeats, on July 17, Michael Metcalf, head of macro strategy at State Street Global Markets, said that if Trump is elected for a second term, his policies will cause inflation at a greater risk than in his first term. Inflation has been low in 2016, and inflation expectations are also low. 2024 and 2025 will be very different. Inflation levels are higher, inflation expectations are higher, and we are still in this inflation mentality. This will not only affect price increases in the United States, but also in Asia and Europe outside the United States.
Gareth Nicholson, an analyst at Nomura Securities, said rising inflation could also spread to Asia, and Trump's election as president would mark an overall "negative risk factor" for Asian stocks. In macro terms, this would lead to inflation in the global economy and would accelerate more supply chain shifts within Asia.