By Dennis E. Adonis
New York; – Several major financial markets across the world plummeted within minutes after it became clear that Donald Trump had prevailed over political front-runner Hillary Clinton to become the next President of the United States.
An underdog from the onset and a political outsider that no one initially took seriously, Trump survived months of characterization and two practically failed debates that still kept most American voters on side; – and who eventually elected him to the White House.
But while his Republican supporters are celebrating, it is obvious that the financial markets and illegal immigrants are not.
And as news of his victory trended throughout the night, jitters were obvious from those trading across every major trading market both at home and abroad.
Financial analysts are blaming this on many investors’ fears over some of Trumps campaign promises and perceived immigration policies, which can provoke a tit-for-tat trade tussle with certain major markets if enforced.
From promising to stop granting visas to Muslims, to reducing the overall immigrant intake, to building a wall along the US border to keep out millions of illegally crossing Mexicans, investors are fearful that if those policies are realized, the repercussions on global trade stability can be damning.
But even though some are now classing it as a possible election campaign rhetoric, that did not appeased investors who woke up to find the US, London, Frankfurt, Dublin, Tokyo, and Paris markets among others, falling by as much as 5.4% in some cases.
Investors had always remained fearful that a Trump victory would in effect lead to years of global trade turmoil, and unpredictability in the international finance and trade sectors. But none of them had planned for this since almost none of them actually expected Trump to win.
Across Guyana and the rest of Caribbean, which are statistically known to be democratic leaning; fears over Trumps plan immigration curbs, and election promise to begin deporting millions of illegal immigrants are already starting to sink in.
Many are now wondering whether the more than 15,000 Guyanese, 20,000 Jamaicans, and thousands of other Caribbean nationals believed to be residing in the US illegally or in breach of other residency rules, would fall under Trumps impending deportation drive.
But as the saying goes, only time alone can tell.
Trump, a former reality TV personality and real estate mogul is now slated to be sworn in as the 45th President of the United States on the 20 January 2017.