Impact of Trump's Economic Policies on UK and China

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.