By Ramón Alfonso, partner at Norz Patrimonia, in the Financial Disclosure Observatory
On November 21, Ramón Alfonso, partner at Norz Patrimonia, analyzed the possible implications of the Republican victory in the United States presidential elections at the Financial Disclosure Observatory (ODF), organized by the Institute of Financial Studies (IEF). . His remarks addressed the effects these policies could have on international financial markets, global trade, and geopolitical stability.
Changes in economic policy
Ramón Alfonso highlighted that the Republican program led by Donald Trump would include a reduction in corporate tax from 21% to 15%. This measure, designed to encourage domestic economic growth, could stimulate the US economy in the short term, although it would increase the fiscal deficit and generate inflationary pressures.
In the commercial sphere, the Norz Patrimonia partner highlighted the possibility of introducing a general tariff of 10% on all imports, with special emphasis on Chinese products. “These protectionist measures would cause inflationary tensions and affect global supply chains, directly impacting Europe and Asia,” said Alfonso.
Geopolitical tensions and international trade
In his speech, Ramón Alfonso analyzed how a Republican administration could adopt a more isolationist approach to foreign policy. This would include a reduction in support for international conflicts such as Ukraine or Taiwan, and a strengthening of trade and technological restrictions on China. Alfonso highlighted that “these tensions could accelerate the technological and commercial decoupling between the United States and China, with significant consequences for sectors such as technology and energy.”
Impact on global markets
Alfonso also pointed out that these policies could redistribute international trade dynamics, partially benefiting countries like Mexico due to their integration into agreements such as the T-MEC. However, the rest of Latin America and Europe could face greater economic challenges.
Final thoughts
During the meeting, the Norz Patrimonia partner emphasized the importance of closely monitoring political decisions in the United States, since their impact on the stability of global financial markets will be undeniable. “In such an interconnected world, the movements in Washington are felt in all corners of the planet, from the European stock markets to emerging economies,” he concluded.
The ODF conference is a reference space for financial disclosure, bringing together experts who analyze the key factors that shape the global economic landscape.