DONALD Trump's historic win in the US presidential race over Hillary Clinton may well have an impact on you.
Australian experts were shocked and said a Trump presidency could cost us free trade agreements that would have benefited regional Australia.
An international political expert has warned the impact of a Trump victory could result in America pulling out of international agreements.
University of Queensland political scientist Sarah Percy said Mr Trump would likely be the most protectionist president in more than three decades.
"He's very likely to pull out of the Trans-Pacific Partnership - which is a deal that would have benefited people in export economies - be that agriculture or resources," she said.
"We haven't seen a president who was completely protectionist since before 1980."
Associate Professor Percy said a Trump victory could impact multilateral international agreements including alliances.
"I expect there will be a broad shift on any multilateral alliance including the Australia-US alliance. Goodness knows where that will go," she said.
Griffith University political expert Paul Williams said more protectionist policies would make it harder for Australian primary producers to access the American market.
"There is concern from both sides of politics, here and in the United States, that Trump's protectionism is bad news for free trade generally," he said.
"That means it's just going to be harder for Australian primary producers to get their product into the US."
Mr Trump has already faced criticism from the Queensland and NSW governments.
Queensland Deputy Premier Jackie Trad on Wednesday called Mr Trump "bigoted".
Last month the NSW parliament unanimously agreed Mr Trump was a "revolting slug unfit for public office".
Financial markets around the world were showing volatility as Mr Trump edged towards the win.
About $35 billion was wiped from the value of Australian shares and the ASX dropped 2.7%.
In America the Nasdaq futures market dropped about 5% and the Mexican peso dropped about 10%.
Queensland Sugar Limited general manager of trading and risk Dougall Lodge said the company was expecting commodity prices to react to the shock election result.
"Overnight trading is going to be very volatile, we'll have to see how the dust settles," he said.
Mr Lodge said it was too soon to say how the election of the Republican candidate would affect the sugar industry.
"The only thing we're sure of is that it's going to be volatile," he said.
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