That’s how most of the headlines today on trade and the stock markets after Donald Trump’s win is being labelled by one local Economist.
Trump has promised to rip up major trade deals and slap huge tariffs on goods from China and Mexico, two of the Unites States’ biggest trading partners.
Lim Say Boon, chief investment officer of DBS Bank in Singapore says that the global economy, international trade and financial markets face an uncertain new world — with the new [U.S.] leader
However Economist Omardath Maraj believes it is only a matter of time until the markets are settled.
Speaking to News Power Now this morning he said that he believes that Trinidad and Tobago as a trade dependent partner of the US need to focus on continuing our trade relations with that country.
He also articulated that T&T would need to look to food imports with the US.
He says that T&T and the Caribbean can look to welcome any foreign staff coming in.
Maraj also states that we can look to see which ways they are interested in strengthening industries here.