Odaily News John Plassard, senior investment expert at asset management company Mirabaud, said in a report that Trump's return to the presidency is expected to boost the US market, but at the cost of tight monetary policy, geopolitical tensions and record deficits. America First policies will revitalize energy, defense and manufacturing and promote domestic investment. However, this protectionist approach may lead to higher inflation rates, while tariffs will increase production costs. Due to tax cuts, the federal deficit may further expand and geopolitical tensions may also intensify. (Jinshi)