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PKF Poutsma Lemon Limited

Accountants and business advisers

News

Donald Trump - President of the United States of America

10 Nov 2016

The controversial Donald Trump has won the United States Presidential Election (as I'm sure you know by now). 

Stocks on Wall Street traded higher following his promise to cut corporate tax rates from 35% to 15% and to increase employment by rebuilding its aging infrastructure. 

The NZ dollar fell to 73.00 US cents compared to 73.70 cents as the polls closed. 

His anti-trade position and opposition at the TPPA could affect our export market which currently earns NZ over $5 billion a year in products and $2 billion a year in services. 

The Prime Minister has congratulated Mr Trump and says he looks forward to continuing a strong relationship with the US. 

As he edged closer to victory, Google searches for "Move to New Zealand" and "Places to move if Trump wins" jumped exponentially! 

It will definitely be an interesting 4 years!


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