Former President Donald Trump is considering launching a third bid for the White House this month. This could be a significant feature in financial markets considering, for one, Trump’s stance on China and his general protectionist playbook that roiled markets during his previous term that ended on January 6, 2021. One source familiar with Trump’s plans said he intends to announce his re-election campaign shortly after Tuesday’s election.
A Trump run could mean a rematch of the 2020 Biden-Trump election. It is worth noting, in a stark departure from a tradition whereby American presidents refrained from talking about the value of the American Dollar in order to avoid shaking up global markets, the 45th president of the United States regularly tweeted that he wanted the USD on the weaker side.