Donald Trump's return to the White House with his protectionist policies poses threats for the global economy, with the prospect of new trade wars, resurgent inflation and slower growth, experts say.

Read how Donald Trump's victory in the US presidential election impacts the global economy, currency exchange rates, prices of gold and oil, the cryptocurrency market, the value of Ukrainian government debt and local businesses,

With Trumps return to power, the focus will shift towards his policies and reforms that will shape not just the United States but also impact global economies. Trump takes the reign of the worlds largest economy at a time of chaos in geopolitical scenarios.

A recent KPMG analysis contends that if all of Trump’s policies are implemented, Australia’s economic growth would be between 0.8% and 1.5% lower than it would otherwise have been: a projected loss of between $19 billion and $36 billion.

The WSJ's Greg Ip weighs their potential effect on the economy Biden and the Fed built. The Fed's Beige Book reports shortages in industries including technology, manufacturing and construction. Here's what tariffs on goods from China and elsewhere have already meant for businesses and consumers since his first term.

Renaud Foucart, Lancaster University Donald Trump’s victory in the 2024 election – and his threat to impose tariffs on all imports to the United States – highlights an important problem for the global economy.