#TrumpTariffs Trump's tariff policy is once again in the spotlight. His proposals to impose new tariffs on Chinese and Mexican goods could sharply change global trade flows. This will lead to rising prices for consumers in the U.S., but may strengthen the position of American manufacturers. Markets are reacting cautiously, and investors are reassessing strategies in the technology and automotive sectors. If Trump wins the election, a new wave of tariffs could destabilize international trade and increase inflationary pressure. We are monitoring developments—consequences could be significant.