Impact of Trump's Economic Policy on Foreign Economies

CW2: Global Business
Environment Portfolio
Paper 2
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Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................4
Main body........................................................................................................................................4
Describe and explain how President Trump’s approach to economic policy impacts upon
foreign economies such as the UK or EU or China.....................................................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6
INTRODUCTION...........................................................................................................................9
Main body........................................................................................................................................9
Emerging economics as a successful opportunity for global investment....................................9
CONCLUSION..............................................................................................................................10
REFRENCES.................................................................................................................................11
INTRODUCTION.........................................................................................................................15
Main body......................................................................................................................................15
How Governments use both fiscal and monetary policies to stimulate economic activity and
growth using trickledown economics........................................................................................15
CONCLUSION..............................................................................................................................16
REFERENCES..............................................................................................................................17
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INTRODUCTION
The economic policy of Donald Trump contains different kinds of aspects such as
employment isolationism, invalid migration, individual corporate taxation reformation and
many more. Basically, this policy was developed for those people whose income level is low
and pays taxation to the country. The fundamental economic strategy has been improving
growth momentarily by rising the shortfall tax through tax cuts and extra spending. The
trump agenda has a bearing on GDP and jobs in the United Kingdom and China. The
economist evaluated this, according to which the policy made by the Trump administration
are growing nicely and enhancing the firm's working order.
Main body
Describe and explain how President Trump’s approach to economic policy impacts upon foreign
economies such as the UK or EU or China.
As the Donald Trump came to control he rendered the UK's hostile trade practices as they
affect the UK's industry and private sector. The United Nation is America's main trading partner,
selling about $96 billion in products and services (About Trump’s policies’ effect on trade and
economy, 2019). The tariff will be 20 per cent, that is considered average and contributes to a
downturn in every aspect of the project. The trump administration had started the war with Great
Britain by enforcing trade policy. UK's steel industry will lose the most as a result of the new
proposals the trump government is making. Britain makes export of 7% of steel manufacture
around 330 million pounds for each year to the United State of America.
Other country in the world that has been greatly affected is China as they are America's
second-largest trading partner. There will be different policies that have affected the Chinese
government as the strong currency and have influenced the ease of doing trade in China. As well
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as price of products were increased that also became cause of fell down of economics of the
nations. In addition, the stock exchange market of China was declining to lower from last two
decades and importing tariff of goods of China was 45% that came under the trade act 1947. It
also failed to enable the safety of employee’s standard of legislation of environment for cutting
of cost.
CONCLUSION
In the end of report, it can be articulated that government of Trump levied higher tariffs on
the United Kingdom and China that become cause of different crises of finance in both
countries. In addition, it affected to purchasing power of public due to higher rate of
taxation. In accordance of data of per capital income, it can be find out that rate of tariffs is
high that affected export & import transaction between these countries.
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