Editorial: La Vanguardia

• The New York Stock Exchange has celebrated Trump's victory with a historic triple record.
• Among Trump's promises are a reduction in corporation tax to 15% and economic and administrative deregulation to facilitate business activity.
• The financial and business world in the United States anticipates that their interests will be well protected and defended.
• Trump's 'America First' suggests the threat of increased trade protectionism.
• He proposes increases in tariffs on European and Chinese imports to reduce internal competition.
• In addition, a reduction in the United States' military presence in Europe could lead to greater defense spending by European states.
• This motto could also generate serious trade and political tensions with the rest of the world.
• The promise to expel undocumented immigrants in the United States could result in a significant inflationary factor.

Conclusion: Trump's victory could mean a boost for the U.S. economy, although at serious risk of increasing trade and political tensions, and prompting a possible rise in inflation.

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