Donald Trump’s surge in the U.S. election on Tuesday night sent markets around the world spinning sharply downward.
Trump’s position on global trade — primarily, that the U.S. should do less of it — has caused concern about what that’d mean for a global economy that’s been in a state of sluggish growth.
As Trump surged in Tuesday night’s election returns, the markets tanked. Like this:
— Dow Futures: Investors were preparing for a significant decline in U.S stocks at the mere idea of Trump being elected. Dow Jones futures went down as much as 700 points, as of 10:28 PM EST.
— The Peso: The Mexican currency dropped sharply, on fears that a Trump presidency will hammer the economy, particularly if the U.S. withdraws from major trade agreements. Read more…