- galaxy
- 12 Nov 2024 02:20 AM
- Donald Trump, global markets, India, iPhone exports, cryptocurrency, Tesla
Donald Trump's victory in the 2024 US presidential election has sent shockwaves through global markets, with countries around the world feeling the effects of his win. The dynamics between nations are shifting, and conflicts are being impacted in new ways, highlighting the significant role Trump plays on the world stage.
One country that stands to benefit from Trump's policies is India. With China currently dominating the market as the largest exporter of iPhones, India is poised to step in and potentially surpass $30 billion in iPhone exports if Trump follows through on his campaign promises. His proposed 40% tax on Chinese imports to the USA could open up a huge opportunity for Indian manufacturers to increase their market share.
In addition to the potential economic benefits, India is also set to welcome the iconic Trump Towers to Hyderabad's Madhapur. The luxurious development will feature two 27-story towers with spacious 4BHK and 5BHK apartments, adding a touch of opulence to the city's skyline.
The "Trump effect" is also being felt in the cryptocurrency market, with Bitcoin currently priced at $85,000 and experts predicting it could soon reach $100,000. This surge in value is impacting other meme coins as well, driving up the overall value of the cryptocurrency market.
From a US perspective, companies like Tesla, led by Trump supporter Elon Musk, are seeing significant gains, with Tesla's stock surging by 29% and its market capitalization reaching $1 trillion. Major banks like JPMorgan Chase and Wells Fargo are also benefiting from the Trump administration's policies, enjoying substantial gains in the wake of his victory.