Impact of Trump's Economic Policies on UK and China

This article analyzes the impact of Donald Trump's economic policies on the GDP and employment of the UK and China. It discusses the aggressive trade policies imposed by the Trump government on the UK, leading to a slowdown in business and affecting the steel industry. It also examines the impact on China, including high import tariffs and the failure to enforce worker safety standards. The article concludes by highlighting the financial crisis caused by these policies and their effect on the buying capacity of individuals.

Global Business
Environment Portfolio
Paper 2,3 and 4

Table of Contents
INTRODUCTION...........................................................................................................................3
Main body .......................................................................................................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5
INTRODUCTION...........................................................................................................................7
Main body........................................................................................................................................8
Emerging economics as a successful opportunity opportunity for global investment ...............8
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
INTRODUCTION.........................................................................................................................11
Main body......................................................................................................................................12
Role of using Fiscal and monetary policy.................................................................................12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................13

INTRODUCTION
The economic policies of Donald Trump include trade protectionism, illegal immigration,
individual corporate tax reform and Energy plan. The president policy was introduce for the
lower income group people who are the tax payer of the nation (Yoo, 2020). The basic economic
policy has been temporarily boost the growth by increasing the deficit tax via tax cuts and
additional spending. The trump policy have impact on the UK and china in terms of GDP and
employment. This has been analysed by the economist that the policies which are made by the
Trump government are expanding nicely and improving the working condition of the company.
Main body
When the Donald Trump came to power he made the aggressive trade policies for UK as
it impact the business and the corporate sector in UK. The united nation is the biggest export
partners from USA which export around 96 billion dollars of goods and services. The tariff
would be 20% which is consider high and leads to slow down the business at every aspect. By
imposing the trade policy the trump government had started a war with UK. The steel industry of
UK will suffer the most due to the new policies which are made by the trump government.
Britain exports roughly 7% of its steel production worth around £330 million per year to the
United States.
The another major country which has been impacted the most is china as they are the
second largest trade partner with US (Kasemsap, 2020). There are various proposal which
impacted the Chinese government are the currency which were high and impacted the ease of
doing business in china. The price of goods and services were raised high which also slow the
down the economic of the country. The stock exchange market of china was reduce to the
minimum since last two decade and import tariff of Chinese goods was 45% which came under
the trade act of 1947. This also fails to enforce the worker safety standard of the environment
regulation in order to cut the cost.
CONCLUSION
From the above statement this has been analysed that while Trump government came into
power has imposed high tariffs on the UK and china which bring financial crisis in both the
nation. Along with this, this slow impact the person buying capacity due to high impose of tax.

As per the per capita income the tariffs are high which slow down the export and import of
between the nation.

REFERENCES
Books and Journals
Atiku, S.O. and Fields, Z., 2020. Multicultural orientations for 21st century global leadership.
In Multicultural Instructional Design: Concepts, Methodologies, Tools, and
Applications(pp. 1-24). IGI Global.
Hori, S., 2020. Development and the Environment: Society, Business, and Social Consensus.
In International Development and the Environment (pp. 3-15). Springer, Singapore.
Kasemsap, K., 2020. Advocating sustainable supply chain management and sustainability in
global supply chain. In Supply Chain and Logistics Management: Concepts,
Methodologies, Tools, and Applications (pp. 1462-1490). IGI Global.
Kawamoto, M. and Kanie, N., 2020. Engaging Business: The UN Sustainable Development
Goals and Climate Change. In International Development and the Environment (pp. 47-
54). Springer, Singapore.
Kotabe, M. and Helsen, K., 2020. Global marketing management. Wiley.
Yoo, T., 2020. Supply chain simulation using business process modeling in service oriented
architecture. In Supply Chain and Logistics Management: Concepts, Methodologies,
Tools, and Applications (pp. 857-871). IGI Global.

Global Business
Environment Portfolio
Paper 3

INTRODUCTION
The emerging economics are consider as the developed nation which are more engaged
with the global market and it is constantly growing as per the requirement (Hacioglu, 2020). The
emerging market typically become more integrated with the global economy which include FDI
and Gross domestic product (GDP). The international business help to export the goods and
services all over the world. This help to earn valuable foreign exchange which improve the
business profitability and strength of the economy. This also allow to use optimum utilization of
resources which make help in increasing living standard of the people. Along with this it aid in
improving organisation efficiency.
Main body
Emerging economics as a successful opportunity opportunity for global investment
The FDI have vast role in the development and growth of the countries as this provide
vast opportunities for the nation to grow and expand the living standard of the people. The FDI
aid the countries like China and UK to expand the business and also provide job opportunities for
the people. Beside this, international business help in expansion and growth in all the activities.
This also assist in giving financial benefits to the business and corporates. Further this also help
in improving the competition which allow companies to offer high quality product and services.
The foreign direct investment help the improve the per capita income of the people and as
more and more organisation will invest in the nation it will improve the living standard of the
people. Further FDI help in increasing the Gross domestic product which as in result it help in
creating a strong developing nation. This not only allow emerging countries to improve the per
capita income but also assist in becoming competitive enough to play the vital role in global
outward FDI market.
The major countries who have the highest FDI are China, UK as they are providing the
vast opportunities to the international companies to come and invest for the growth and
expansion of the country (Cross and et., al., 2020). They have easy law and regulation which
help the organisation to invest in particular nation. Apart from this the tax and tariff are low
which ease the FDI to invest and earn profitability (Jha and et., al., 2020). The foreign direct
investment provides and outlet for the expansion by serving the people and also help in rising the
level of people and also improve per capita income of the people.

CONCLUSION
From the given report is has been figure out that FDI plays an vital role in the emerging
economies as this help in reforming the programmes that will lead to stronger and more
responsible economic performance level. Along with this it help in improving the transparency
and efficiency of the capital market. However this also help in creating stable local currency
which improve the economic condition of the country in the well define manner.

REFERENCES
Books and Journals
Cross and et., al., 2020. The legal environment of business: Text and cases. Cengage Learning.
Hacioglu, U., 2020. Digital Business Strategies in Blockchain Ecosystems. Springer
International Publishing, DOI, 10, pp.978-3.
Jha, J.K. and Pandey, J., 2020. Spreading the light of knowledge: Nexus of job satisfaction,
psychological safety and trust. In Occupational Stress: Breakthroughs in Research and
Practice (pp. 439-460). IGI Global.
Jha and et., al., 2020. Spreading the light of knowledge: Nexus of job satisfaction, psychological
safety and trust. In Occupational Stress: Breakthroughs in Research and Practice (pp.
439-460). IGI Global.
Petrisor, I. and Cozmiuc, D., 2020. Global supply chain management organization at siemens in
the advent of industry 4.0. In Supply Chain and Logistics Management: Concepts,
Methodologies, Tools, and Applications (pp. 1095-1114). IGI Global.
Vargas-Hernández, J.G., 2020. Municipal Urban Waste-to-Energy Business Model in Mexico: A
Study of Three Companies. In Innovative Waste Management Technologies for
Sustainable Development (pp. 244-258). IGI Global.

Global Business
Environment Portfolio
Paper
4

INTRODUCTION
Fiscal policy involves the government changing tax rates and the level of government
spending to influence the demand of the economy (Atiku and et., al., 2020). Along with this, it
also help in changing the tax rates which is used to improve the economic condition of the
country. These kinds of policies are made by the legislation body and have strong dimension of
the political tax rates. Monetary policies are consist of interest rate and influencing the money
supply. These kind of policies are made by the Central bank and there prime focus is on the
inflation rate. The major impact on this policy is on the housing market (Moore, 2020).
Main body
The monetary and fiscal policy help in economic growth as the government or the ruling
party cuts the tax and increase the spending. This also allow the tax payers to have benefits
because it reduces the tax rates and individual can spend more. Further this also help reducing
the inflation rate which increase the demand and improve the economy of the product and
service (Odhiambo and et., al., 2020). For the short run, house hold prefer to have economic
stability which continues employment and stable income. A highly volatile economic
environment might also have negative impact on the individual and thus contribute to the
economic growth and welfare.
Role of using Fiscal and monetary policy
The government of UK is taking vital steps in the fiscal policy and improving the tax
system which help making a strong economy. It is leading the international efforts to ensure the
multinational efforts to reduce the taxes and creating a valuable digital economy (Selleck, 2020).
The UK governing body recognise the need to ensure that duties including the tariff. Further the
legislation have improve the sustainability of the pension system which help the old age people
to empower and encourage the people for the better life.
Apart from this government of UK have taken steps to reduce this risk of public finances
from the rising litigation cost. A cross government strategy is being developed to address the
rising cost of the clinical negligence. The UK have the strong track record of the planning and
controlling the spending which by the world leading system of the expenditure management.

This is better than the European Union countries meetings its medium-term forecast for the
government expenditure. This kind of useful steps help in improving the macroeconomic
condition of the country. Further the country is seeking deep and comprehensive partnership with
the EU as this help in improving the trade policy which is beneficial for the both the nation.
There are different kinds of macroeconomic revenue arise due to discretionary policy change and
the economical and technological changes present in the organisation.
CONCLUSION
As per the above discussion this is crucial for the nation like UK to manage there fiscal
policies by reducing the tax rates. There must be also cut down of corporates taxes which
improves the GDP and net income of the people. Hence this is essential for the country to makes
as per the requirement to improve the working condition and living standard of the people.

REFERENCES
Books and Journals
Atiku and et., al., 2020. Multicultural orientations for 21st century global leadership.
In Multicultural Instructional Design: Concepts, Methodologies, Tools, and
Applications(pp. 1-24). IGI Global.
Moore, S.L., 2020. Innovating with Health System Partners: Value Propositions and Business
Models. In Digital Health Entrepreneurship (pp. 35-46). Springer, Cham.
Odhiambo and et., al., 2020. Understanding Enterprise Resource Planning Reliability for
Operational Excellence: Towards Understanding the Components of a Reliable
Enterprise Resource Planning System. In Metrics and Models for Evaluating the
Quality and Effectiveness of ERP Software (pp. 119-139). IGI Global.
Selleck, C., 2020. Global ambitions and local identities: New speakers’ access to linguistic
markets and resources. Language, Culture and Curriculum.
Shokhnekh and et., al., 2020. Concept Strategy of Innovative Small Business in the System of
Economic Security of the Digital Economy. In Growth Poles of the Global Economy:
Emergence, Changes and Future Perspectives (pp. 1397-1406). Springer, Cham.
Wong, W.K., Moslehpour, M. and Musyoki, D., 2020. Simultaneous Adaptation of AHP and
Fuzzy AHP to Evaluate Outsourcing Service in East and Southeast Asia. Journal of
Testing and Evaluation, 48(2).