Economics: Trade Policy, Emerging Economies, Government Stimulus

Running head: ECONOMICS
ECONOMICS
Name of the student
Name of the university
Author note

1ECONOMICS
Table of Contents
Answer b....................................................................................................................................2
Answer c.....................................................................................................................................3
Answer d....................................................................................................................................5
Reference list..............................................................................................................................7

2ECONOMICS
Answer b
The trade policy of the Trump is driven by the belief that previously other countries
have taken advantage of the foreign policy of the united states. The president known to have
imposed tariffs on different raw materials which are imported from the European countries.
Therefore, America is known to have imposed huge amount of tariff on billions of dollars of
good from china, European union, Canada and Mexico. Tariffs are been put on the products
which are basically made abroad. this had led to global war which is known to hurt the
consumers around the world. It had therefore made quite hard for the companies for operating
and this will also force them to push higher prices on the consumers. The protections police
will be forcing the Europeans for facing the various unsettling problems of the huge current
account surplus. This can also lead to the negative impact in the stock markets. The tariffs
will be making the steel and aluminum from the United Kingdom much more expensive in
the united states that will keep on declining the demand and also will be affecting thousand of
jobs. Trump is known to impose security tariffs on the grounds of national security in order to
protect the goods and jobs of its own people. The tariff is known to make every day goods
expensive in nature. The US-Mexico-Canada Agreement and the pending US-Europe trade
deal will also result in slight economic downturn. The protectionist policies of Trump will be
leading to economic isolation that can also lead to political as well as cultural isolation. Due
to the huge amount of trade protectionism followed by Trump, it will be limiting the choice
of goods for the consumers along with stagnation of the technological advancements.