Donald Trump's dramatic return as the 47th president of the United States may intensify trade frictions with India, yet could prove beneficial in the medium term as US companies look to diversify supply chains away from China.Belying expectations of a tough fight, the Republican presidential candidate summarily defeated Democratic nominee and Vice President Kamala Harris. In his bid to reclaim the White House after four years, Trump had won 277 electoral votes to Harris' 224 with several states yet to be counted.In India, initial reactions at the currency and equity markets underscored both excitement and caution.While the rupee slipped 17 paise to an all-time low of 84.28 per dollar amid a rally in the US Dollar index, the BSE Sensex surged 902 points, or 1.13 per cent, to 80,378 and the Nifty 50 rose 271 points, or 1.12 per cent, to 24,484 despite foreign portfolio investors (FPIs) being net sellers.

US plays the Trump card

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.