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Trump victory shocks global firms reliant on open trade


By Tim Hepher, Brenda Goh and Clara Denina HONG KONG/SHANGHAI (Reuters) - Donald Trump's victory in the U.S. election sent shockwaves through industries that rely on open trade, from airlines to cars and IT outsourcing, even though many executives remain unsure what his protectionist rhetoric will mean in practice.Throughout his presidential campaign, Trump has vowed to revive the U.S. economy by slashing taxes, preventing companies from making products overseas, renegotiating trade accords and imposing tariffs on imports from countries like China."People are in shock. It seems commentators ...

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First Published: Wed, November 09 2016. 15:46 IST