US Presidential Election: Key Cross-Sector Credit Themes

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seven mojar policy themes Fitch has identified seven major policy themes that could be the most impactful to credit in the event of a change election where Donald Trump wins the White House.  Probability of Major Policy Action : HIGH Main Potential Feedthroughs Supply chain interruptions  Inflationary effects  Margin squeeze on importers  Emerging market currency volatility (especially for close trade partners)  Fiscal effects from subsidies/incentives  Lower rates as central banks respond to inflationary effects  Lower economic growth especially in the US, China, Canada and Mexico  Policies to Watch Blanket and targeted tariffs  Subsidies and incentives to promote re-shoring  Renegotiation of key free trade agreements, especially USMCA, USJTA Technology transfer restrictions  Increased scrutiny on cross-border acqusitions of US firms  Sectors Potentially Affected POSTIVITE Some US-based manufacturers dependent on sector and position in value chain. Industrial benefi ………………………………