Goldman Sachs Warns of Trump Re-Election Impact

Goldman Sachs analysts warn that a re-election of Donald Trump could substantially impact European corporate earnings due to proposed tariffs, potentially reducing Europe's GDP by 1% and earnings per share by 6-7%. The market assigns a 70% probability to Trump's re-election, with concerns over tariffs affecting both Eurozone and US GDP. European carmakers and renewable energy firms face sell-offs amid worries about US policy risks post an assassination attempt that boosted Trump's chances. Economic experts estimate Trump's return could cost the EU 1% of its GDP, primarily due to proposed tariffs and concerns about NATO and Ukraine. Thailand is advised to prepare for economic and trade impacts post the US presidential election, citing previous policy shifts affecting the global market.