Impact of President Trump's Economic Policy on Foreign Economies like China

This article discusses the impact of President Trump's economic policy on foreign economies, specifically focusing on China. It explores the tariffs imposed by Trump and their effects on global trade and manufacturing industries. The article also highlights the goals and actions taken by Trump to reform economic independence.

Global Business Environment
Portfolio

Contents
Describe and explain how President Trump’s approach to economic policy impacts upon foreign
economies such as China.............................................................................................................................3
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
CONCLUSION...........................................................................................................................................4
How emerging economies are presenting opportunities for global expansion for businesses......................5
INTRODUCTION.......................................................................................................................................5
MAIN BODY..............................................................................................................................................5
CONCLUSION...........................................................................................................................................6
Summarize the rising risks global social media firms from proposed or actual government regulation and
explain the possible impact this could have on the firm..............................................................................7
INTRODUCTION.......................................................................................................................................7
MAIN BODY..............................................................................................................................................7
CONCLUSION...........................................................................................................................................8
REFERENCES............................................................................................................................................9

Describe and explain how President Trump’s approach to economic policy
impacts upon foreign economies such as China.
INTRODUCTION
Economics policies decisions are basically guided by getting political considerations and
economic constraints (Braun, 2018). These kind of policies are divided in two different levels as
the choice of economic goals and the policies will be used to attain it. In terms of Presidents,
Trump’s economic strategy during was to boost economic growth by tax cutting and additional
spending. Both of these, which significantly increased federal budget deficits. He outlines
several key areas of the economy that will required for major improvement. He cited out-of-
control government spending, high unemployment rates and the negative US trade balance as
intolerable truths. After this, he was taking major decision against the issues in order in order to
reform economic independence in effective manner.
MAIN BODY
Policies are generally directed to achieve some major goals as Promoting economic
prosperity, Promoting employment, stabilizing market and ensuring market development. In this
process, government of a country play a major role in respect of tax policies, distribution of
income, supply of money and flow of development in the economy of a country. In this respect
President Donald Trump has taken some major actions to change the entire foundation of global
trade with the help of tariffs on millions of dollars. These kind of activities requires a same
respond from other countries while a nation rise tariffs which is known as a kind of tax. Donald
Trump impose tariffs of goods from around the world and particularly within China. As he
placed around 10% changes on $200bn worth on goods of China. Furthermore, he has announced
to make modifications at the level of 25% tariffs on $325bn for other Chinese goods. Another
decision towards economic policies of Trump are to gained $100bn from tariff will going to be
used for the purchasing of agriculture goods from US (Trade wars, Trump tariffs and
protectionism explained, 2019). One major decision of Trump towards China is to cut trade
deficit within China. These kind of Gap determine as difference in how much a nation buys

commodities from another as compared with how much one country sells to another. The United
States has a large trade deficit with China, which has risen from $43.6 billion to $419.2 billion
over the last year. Economists warn that the damage would potentially outstrip any temporary
trade agreement with China (Destek and Aslan, 2017). These kind of decisions has a direct
impact upon the manufacturing industries of china which can be a major point of concern
towards the economist of other countries. At the time of Trade war, Trump has also said that
Beijing offset the pressure of tariff by lower down its currency to make its overseas exports
cheaper.
CONCLUSION
From the above report it has been concluded that government of a country needs to take a
specific decision towards the development of its economy. It needs to b include decisions
towards taxation, redistribution of income from the rich to poor and appropriate management of
money. For some of the countries. Free trade can be a better option through which each country
is specialized in manufacturing that can give a competitive advantages to them.

How emerging economies are presenting opportunities for global expansion
for businesses.
INTRODUCTION
Emerging economies provides the picture or glimpse of country’s economy system as
respective nations invest in more productive capabilities. Respective economies possess the
characteristics of developed markets but not able to fully meet its standards. There are various
nations that come under the emerging economies such as Brazil, china, India, South Africa and
Russia (Somers, 2019). Emerging economies possess the 41% of the world population and
30.4% contributes in World’s GDP. The annual GDP growth of India has been 6 to 7% from the
2014 to 2018. On other hand the china nominal GDP is $14.14 trillion that experienced the
exponential growth over the past decade.
MAIN BODY
Role of FDI in development of emerging economies: Developing countries and
emerging economies see FDI as the source of economic development and modernization, source
of growth in income by providing employment opportunities to people. In context of India that is
one of most important contributor in economy. With the help of FDI it can be able transfer of
new technologies, formation of human resource and integration in global markets. For an
example act of India based organization such as Ola open their headquarter in the Sydney, then
Australia consider as bringing FDI into Australian market.
Countries providing opportunities to international companies to come and invest:
FDI proved very much beneficial for India as it most important source of non debt financial
resources for economic developmen0 (Somers, 2019). To influence FDI Indian economy
relaxing FDI norms in across the sectors such as defense, PSU oil refineries, telecom sector,
power exchanges and stock exchange to gain employment and profitability.
On other hand in context of China in country ample of capital availability,
competitiveness while it come up to nurturing element of business growth. They provide

regulatory environment that helps to organization to measure and coordinate organisational
activities in proper manner.
Example of companies get benefit for chosen countries policies of internationalization:
Companies that get benefit by expanding their business operations in the China are Lava,
Lenovo that proved beneficial in getting profitability and sustainability in the marketplace.
On other hand companies that get benefit of Indian policies of internalization that is MI, cello
that due to lower taxation and cheap labour cost helps them to enlarge business opportunities.
It has been analyze that Per capita income of the China is 18170 PPP that denote that they are
very much innovative and always devoted for economic development in potential manner
(Saura, Palos-Sanchez and Correia, 2019). On other hand the per capita income of 7680 PPP
Dollars that is comparatively low from the china that shows some sort of hurdles in their growth.
CONCLUSION
It has been concluded that emerging economies plays very much important in the world’s
economy by enhancing living standard of people with help of employment that is important need
of today. Foreign direct investment play crucial role in providing opportunities to prosper
business in other nation by accessing important knowledge and information in order to remain
competitive in marketplace.

Summarize the rising risks global social media firms from proposed or actual
government regulation and explain the possible impact this could have on the
firm.
INTRODUCTION
Social media is one of emerging need of people as well as organization to reach at large
no. of consumers. As social media has its own advantages and disadvantages, to overcome from
its limitations government proposed some sort of regulation (Rofiq and Pramono, 2019).
Recently UK government hold liable for to social media executives for harmful content that
circulated on respective platforms. Social media platforms such as Whats app, you tube and
TikTok can identify and share users identify with government if asked to do so. Respective
regulations proved beneficial to protect the self interest of people as it provides protection to
people from malpractices.
MAIN BODY
Government regulations proved beneficial not only for organisations but also for
individuals to protect the self interest of people so that they actively utilize social media tools.
One of Government regulations consist of General data protection regulation that come in effect
25 may 2018 that build consistent data protection rules across the Europe marketplace. it applied
to all organization that operates personal data and information regarding individuals. Facebook
and Twitter take very seriously the privacy of their consumers as it build loyalty in their mind
and they spend lot of time on utilizing respective tools that ultimately proved very much
beneficial for respective organization (Lu, Wang and Xu, 2019). By providing transparency in
their transactions organization can be able to beat their fierce competitors that enhance viability
behind existing in market as they serve self interest of consumers in potential manner. Due to
respective regulation now developers not allowed to access the user’s data that helps to build
trust. It is often happened in Face book that people talk offensively with one another. So by using
respective practices government may impose restrictions for working in self interest of people.

To bring into practice organization such as Face book and Twitter committed for majorly
for three aspects that are transparency, control and accessibility that helps to protect the
information of consumers (Gaganis, Pasiouras and Voulgari, 2019). Their data policy always
remain in consolidated form that helps to map out in way organization use data and process
people’s information but provide education by using consent experience for new and existing
users. by providing controlling power to consumers to use their data and information that protect
their self interest.
CONCLUSION
From the respective section of report it has been concluded that social media is one of
most important tool for organization as well as individual. It is evaluated that they need to work
on protecting knowledge and information regarding people. For that respective organization
control the administration of data and information by obliged government regulations in potential
manner.

REFERENCES
Books & Journals
Braun, D., 2018. Fiscal policies in federal states. Routledge.
Destek, M. A. and Aslan, A., 2017. Renewable and non-renewable energy consumption and
economic growth in emerging economies: Evidence from bootstrap panel causality. Renewable
Energy. 111. pp.757-763.
Gaganis, C., Pasiouras, F. and Voulgari, F., 2019. Culture, business environment and SMEs'
profitability: Evidence from European Countries. Economic Modelling, 78, pp.275-292.
Lu, Y., Wang, H. and Xu, X., 2019. ManuService ontology: A product data model for service-
oriented business interactions in a cloud manufacturing environment. Journal of
Intelligent Manufacturing, 30(1), pp.317-334.
Rofiq, A. and Pramono, S., 2019. The role of strategic planning and flexibility in shaping SMEs
market orientation in turbulence business environment.
Saura, J.R., Palos-Sanchez, P.R. and Correia, M.B., 2019. Digital marketing strategies based on
the e-business model: Literature review and future directions. In Organizational
Transformation and Managing Innovation in the Fourth Industrial Revolution (pp. 86-
103). IGI Global.
Somers, F., 2019. European Business Environment: Doing Business in Europe. Routledge.
Online
Trade wars, Trump tariffs and protectionism explained. 2019. [Online]. Available through:
<https://www.bbc.com/news/world-43512098>.
Regulate social media. 2018. [Online]. Available through:
<https://www.regulatesocialmedia.org/>.