CW2 Global Business Environment Portfolio Papers Assignment

CW2: GLOBAL BUSINESS
ENVIRONMENT
PORTFOLIO PAPERS 2, 3 &
4

TABLE OF CONTENTS
b. Description on president trump's approach to economic policy which impact upon foreign
economies....................................................................................................................................3
REFERENCE...................................................................................................................................4
c. Discussion and interpretation of emerging economies which presenting opportunities for
global expansion of businesses...................................................................................................5
REFERENCES................................................................................................................................7
d. Explanation on fiscal and monetary policies of government to stimulate economic activity
and to get growth using trickledown economics\........................................................................8
REFERENCES..............................................................................................................................10

EXECUTIVE SUMMARY
Development of economic policy by president Trump, created trade war in most of the
countries. It especially developed between US and China. Major reason for this war is that it is
slowing down economic growth of such countries. China is known for real trade economy and its
deceptive and harmful trading practices were impacting the working of the country in the huge
context. Therefore, for protecting jobs of America, president Trump has initiated this economic
policies in US.
b. Description on president trump's approach to economic policy which impact upon foreign
economies
With the development of economic policy by president trump, the world is in trade war
and will consider as breaking out soon (Trump puts 25% tariff on Chinese goods, 2018).
development of economic policies by President Trump is becoming biggest conflict is arising
between US and China. President Trump has recently raised imposed tariffs which from 10% to
25% on Chinese import. This raise is worth $250 billion and president Trump also threatened for
imposing new tariffs rest Chinese products. With this increasing trade war, it is considered that
economic growth of world is darkening (Sassen, 2018). Thus, Trump recently placed high value
of tarries on Chinese commodities to punish the country for the years of unfair trading practices
that is inclusive of stealing American intellectual property for the benefits of its economy.
Major reason for this war is that it is slowing down economic growth of China. The
reason for developing this trade policy is to reduce demand from China about US trade policy to
increase its growth. Main reason of developing this policy is to stop Chinese products in US
market because China has majorly captured the business market across the world with its
products and services (Gledhill, Dolan and Snyder, 2019). US is considered as largest destination
of goods which made in China, which overall accounting for 18% of all Chinese products.
Overall impact of president Trump policy providing bad impact of foreign economies. According
to president Trump, for protecting American jobs it is necessary to prevent unfair transfers of
American technology and intellectual property to china.
Thus, china is known for real trade economy and its deceptive and harmful trading
practices were impacting the working of the country in the huge context. Trump stated that tariffs
were essential as it works as to preventing the further unfair transfers of American technology

and intellectual proper to the china and it also protest the American jobs. Due to this, China
announced tariffs on $ 34bn of US goods including agricultural products, cars and marine
products. Thus, the large trade deficit and unfair rules in China, will create the bad position that
the country stands to gain no matter what happens (Flew, 2018). The US expects from china to
stops practices that allegedly encourage transfer of intellectual property, design and its products.
It share ownership with the local partners to access the Chinese market. However, it can be true
to said that plans have elicited a mixed political reaction, drawing praise from Democrats and
opposition from Republicans, who has favoured free trade policies.
REFERENCE
Books and Journals
Sassen, S., 2018. Cities in a world economy. Sage Publications.
Flew, T., 2018. Understanding global media. Palgrave Macmillan.
Online
Trump puts 25% tariff on Chinese goods. 2018. [ONLINE]. Available through
<https://www.bbc.com/news/business-44498484>.