Impact of Trump's Economic Policies on UK and China

This article discusses the impact of President Trump's economic policies on the UK and China, including trade wars, tariffs, and changes in economic relations. It also explores the effects of these policies on global business environment and emerging economies.

CW2: Global Business
Environment Portfolio
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Table of Contents
PART 1............................................................................................................................................3
Introduction......................................................................................................................................3
MAIN Body.....................................................................................................................................3
Conclusion.......................................................................................................................................4
PART 2............................................................................................................................................5
Introduction......................................................................................................................................5
MAIN Body.....................................................................................................................................5
Conclusion.......................................................................................................................................6
PART 3............................................................................................................................................7
Introduction......................................................................................................................................7
MAIN Body.....................................................................................................................................7
Conclusion.......................................................................................................................................8
REFERENCES................................................................................................................................9
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PART 1
Introduction
President trump has made certain policies that are helping in improvement of overall
economic state of America. Some policies that are majorly part of Trumps policy reform
includes unemployment reduction, trade, immigration and overall environmental policy. Apart
from this trump has been able to set up certain policy goals that are helping him in formation of
policies in achievement of such end goals (McKee, Muir and Moore, 2017). These goals are very
important to develop and understanding of the aim to which all the policies are basically aligned
towards.
MAIN Body
Trump has set up some policies for UK and such policies are posing a impact on the overall
functioning of china also as a country. Such as, it can be seen that there has been a 45 percent of
tariff on goods that are being imported on goods from china so it leads to a very strong impact on
the wiliness of chain top do business with UK (Gao and Zhang, 2016). China is a country that is
going to face a short term freeze because of USA and if they will be choosing any option to not
to pay taxes then it so going to benefit other export countries across globe.
According to the institute of south china there has been a position of third largest trading
partner that has been acquired by china for UK. Before the overall trading war it was on number
one. UK because of the changing economic policies has formed by president trump is leading
towards buying more goods from those countries who are not having much associations with
china products in term of import or export relations with each other. There has been a very high
threat for Chinese as there are higher tariffs rates and also rising cost of labour that are associated
with working and living in china (Dias, and Junior, 2018). All this situations and activities are
leading towards high amount of changes and economic policies that have to be formed by the
government of china in order to reduce the negative impact of overall economic policies formed
by President Trump.
This policy also lead to a negative impact on the trade wars such as China has been third
largest partner in terms of trading but the rising tariff cost and police of UK has lead to big
companies such as Dell, Apple to leave china and they are willing to expand in other countries
(Karamessiniand Rubery,2019).
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Another move of the President Trump towards the global trading system and WTO that is their
reckless decision towards disempowering the WTO appellate body is going to posses’ impact on
ten economic leadership of US.
Conclusion
From above discussed points it can be said that economic policies are very important for
increasing and enhancement of growth of a organisation such polices consist of trade,
immigration and globalisation concepts that may lead to impact on the growth of population,
budget of a country and overall aspects of terrorism. There is a requirement that a country must
make attempts to have a skilled labour workforce so that they can import their goods at lower
cost and enhancement of overall efficiency.
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PART 2
Introduction
Emerging economies is a concept that is used for dealing with economy of a country that is
part of global markets and is growing very fast. Economies are growing very fast and are highly
volatile. It is helping in potential for growth and are having a impact on monetary political and
social risks (Haugh, 2020). There is a discussion of how FDI is posing a positive impact on the
development of some developing countries. There are two countries such as India and china that
have been discussed and the positive impact of adoption of FDI is reflected for these two
countries.
MAIN Body
FDI is a concept that is associate with a type of investment for achievement of long term
association for various business that are operating in the external of a investors economy (Alam
and Paramati, ., 2016). FDI usually tales place in countries where there is open economy can
help in providing a skilled workforce & also for above average growth. In case of India, it is
helping in achievement of more financial stability, promotion of international trade and support
in technological development.
India is a country that is providing more opportunities & helping in attracting investors. India
has gained lot of employment opportunities and more economic growth as it will lead to more
advantage for investors as the excess number of workforce will be providing the ways to fulfil;
ten requirement of human resources (Kubickova, ., 2019). There is also a benefit of easy
business climate and trade norms that will lead towards attracting of more foreign investors.
Apart from this another major advantage for a developing country like India will be in term of
sustaining of their big projects and then creation of a respectful work environment for their
overall working class population.
In case of china, FDI has helped in economic development and in success for export. It is
going to have a positive impact on higher productivity (Kang, Ratti and Vespignani, 2019.) .
China is helping in providing more number of opportunities and attracting more number of
investors as it will lead to attainment of competiveness. Local Chinese market is giving
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opportunities to various foreign investors and also there is more openness to international and
regional trade so that countries can sell their goods to foreign and local consumers. There has
also been a benefit to china in terms of openness to international and regional markets as FDI is
focussing more on countries that are able to sell goods in foreign and local markets more easily.
President Trump of UK is helping brands such as Apple to get forts position by attacking
Huawei. Chinese companies are offering high quality products on various affordable prices.
Conclusion
From the above made discussion it can be said that china has a bigger and larger GDP
growth because of the various opportunities that are attracting more number of investors. Those
countries that are using FDI have more stable economies and the rate of unemployment in such
countries is decreasing because of higher technological trends and developments that are taking
place in such economies. Another major concept is the export and import rate that has lead to
increase in diversity and is helping various consumers across the world.
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PART 3
Introduction
Social media and special application have gained lot of popularity in the present scenario. It
is helping in implementation of certain laws. With the increasing laws there has been a new
regulation that has been formed such as general data protection reflection commonly known as
(GDPR) (Kim, Li, and Brymer, 2016). In Germany there has been a statement provided by that is
related with the Tech firms for having a moral duty towards protecting the young generation
from “profits”.
MAIN Body
Facebook is a widely used social media platform that is preferred by large number of its user
across different parts of the world and they have a workforce of around 30,000 people across
different parts of the world who are working for its safety and security (Siddiqui and Singh,
2016). Social media platforms are working towards removal of all the illegal content and then
practising on the use by children, young generation and adults who can be vulnerable in some
situations. There has been a major impact on applications such as facebook because of such data
protection acts as they have to now ask to individuals and seek their permission for using their
personal data. Now, for any new policy or rules that is being made by the overall management in
facebook have to be according to this cat and they are responsible for all the data that is provided
to them by their users to be kept safe and not be leaked to any unauthorised person.
There have been certain policies that are being formed for the purpose of stopping of various
illegal cats done by many individuals such as there is a policy of fine that can up to 5.6 million
dollars and many companies who are not able to comply with any of the requirements that has
been formed by the government then it can lead to a fine of 50 million Euros (Saboo, Kumar, .
and Ramani, 2016). So such high amount of penalties have been set up by the government so that
organizations and owners of such application are forced to adhere to all such legal reels and
regulations that have been developed by the government of their respective countries. There has
been formation of data protection act that is impacting facebook and its overall functioning and
operations.
There are many organisations and forms are working towards various application developed
to access the data of their users (Gerson, Plagnol, and Corr, 2016). They are providing response
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to rising number of complaints & the basic behaviour and removal of any type of content that is
harmful within a period of 24 hours.
Conclusion
It is the responsibility of the growing platforms and application of social media that they
have to take care of all the changing polices and rules that are being made by their government
and their compensation in the context of business. Such as the privacy policy by Facebook has
rise from 900 words to a number of 12000 words. Further Facebook after such strict government
laws had made policies the regards top protection of their users’ data and they deny any type of
secret tracking taking place in their organization.
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REFERENCES
Books and Journals
Siddiqui, S. and Singh, T., 2016. Social media its impact with positive and negative
aspects. International Journal of Computer Applications Technology and Research, 5(2),
pp.71-75.
Kim, W.G., Li, J.J. and Brymer, R.A., 2016. The impact of social media reviews on restaurant
performance: The moderating role of excellence certificate. International Journal of
Hospitality Management, 55, pp.41-51.
Saboo, A.R., Kumar, V. and Ramani, G., 2016. Evaluating the impact of social media activities
on human brand sales. International Journal of Research in Marketing, 33(3), pp.524-
541.
Gerson, J., Plagnol, A.C. and Corr, P.J., 2016. Subjective well-being and social media use: Do
personality traits moderate the impact of social comparison on Facebook?. Computers in
Human Behavior, 63, pp.813-822.
Gao, R. and Zhang, B., 2016. How does economic policy uncertainty drive gold–stock
correlations? Evidence from the UK. Applied Economics, 48(33), pp.3081-3087.
McKee, K., Muir, J. and Moore, T., 2017. Housing policy in the UK: The importance of spatial
nuance. Housing Studies, 32(1), pp.60-72.
Dias, G. and Junior, A.M., 2018. The second Brazilian migration wave: The impact of Brazil’s
economic and social changes on current migration to the UK. Seculo XXI, 8(1), p.112.
Karamessini, M. and Rubery, J., 2019. Prolonged austerity and gender equality: The cases of
Greece and the UK compared. In Economic Policy, Crisis and Innovation (pp. 168-184).
Routledge.
Alam, M.S. and Paramati, S.R., 2016. The impact of tourism on income inequality in developing
economies: Does Kuznets curve hypothesis exist?. Annals of Tourism Research, 61,
pp.111-126.
Kubickova, M., 2019. The impact of government policies on destination competitiveness in
developing economies. Current Issues in Tourism, 22(6), pp.619-642.
Kang, W., Ratti, R.A. and Vespignani, J., 2019. Impact of global uncertainty on the global
economy and large developed and developing economies. Applied Economics, pp.1-16.
Haugh, H., 2020. Call the midwife! Business incubators as entrepreneurial enablers in
developing economies. Entrepreneurship & Regional Development, 32(1-2), pp.156-175.
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