SINGAPORE — “More inflation” pressures under Donald Trump’s regime are to be expected if the victor of the U.S. presidential election follows through with his agenda, the head of Singapore’s biggest bank cautioned Thursday.
DBS Group Holdings CEO Piyush Gupta said during a quarterly earnings call that Trump, who clinched the American election for the Republican Party over the Democratic Party’s Kamala Harris, is known as a proponent of “more tariffs” in trade and “deficit spending.”
