A Donald Trump presidency would produce higher deficits and interest rates, and raises some specific concerns for internationally-focused investors, Dan Clifton, head of U.S. policy research for Strategas Research Partners, said Tuesday.
But a Trump White House could also secure tax reforms investors generally support, he said.
The Republican front-runner heads into Super Tuesday contests with three consecutive primary and caucus wins under his belt and a sizable lead in many states, according to various polls.
Republican candidates favor fiscal policy fixes like corporate tax reform rather than continued reliance on monetary policy, such as keeping interest rates low, Clifton said.
"Much of that corporate tax reform proposal would be rewarded by the equity markets if they were able to get them through," he told CNBC's "Squawk on the Street."