Donald Trump's recent victory is likely to see looming tariffs on China — but it may not be the only country subject to tariffs, according to Goldman Sachs.

The Trump regime will hit European economic growth and reduce company earnings, though the continent’s defense sector may prosper.

Stocks rallied hard on the back of former President Donald Trump's stunning election victory, and the likelihood of a Republican-controlled Congress, but the bond market reaction to the expected Red Sweep suggests further gains on the equity side of the Trump Trade could become increasingly difficult.