The impact of Trump's presidency on the global economy,geopolitics,and oil&gas markets
Trump was elected the 47th president of the United States,advocating expansionary fiscal policy,protective economic and trade policy,"America First"foreign policy,supporting traditional energy and inhibiting the development of clean energy.After Trump comes to power,the imposition of tariffs will significantly inhibit international trade,dragging down global economic growth and imposing the reshaping pressure on global industrial chain and supply chain.The United States may face"reflation",indirectly changing the Federal Reserve's path of interest rate cuts.It will reshape the geopolitical landscape and exacerbate the volatility of the oil and gas market.China's economy will be affected by the impact of the US tariffs,but the negative impact may be less than the previous round.It is recommended that China improve the domestic mechanism and policy system by seizing the"window period",promote efforts to increase oil and gas reserves and production,make full use of multilateral platforms to carry out energy diplomacy,build an energy security community,and safeguard energy security.China's petroleum and petrochemical enterprises should study geopolitical risks in depth,strengthen the lean operation and cooperation depth of overseas business,and make a good plan to cope with the downward shift of the oil price pivot and the increased volatility.
U.S.presidential electionTrump's Administrationglobal economygeopoliticsoil and gas marketsenergy policyenergy security