Risks of Government Regulation on Global Social Media Firms

Global Business Environment
Portfolio

Table of Contents
Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Describe and explain how President Trump’s approach to economic policy impacts upon
foreign economies such as the UK or EU or China................................................................1
CONCLUSION................................................................................................................................2
REFERENCES................................................................................................................................3

INTRODUCTION
The president Trump key economic policies that covers the system to get set the taxation,
budgets, interest rate etc in the foreign economies is as characterised as the tax cuts that is
provided to the corporate and the individual as it is the attempt to ("Obamacare") or as Patient
Protection and Affordable Care Act, restriction in immigration, trade protectionism,
deregulation focused on the financial and the energy sectors and the pandemic on coronavirus in
2020 (Amiti, 2019). The key factor of these strategies is to boost to economic growth of the
country by cutting the tax and spend additional amount to increase the federal budget of deficits.
He work with the aim to focus on security, strengthen boarder defence, fight against terrorist and
control on immigration.
MAIN BODY
Describe and explain how President Trump’s approach to economic policy impacts upon foreign
economies such as the UK or EU or China.
The key impacts of president Trump economies policy on UK are as depend on the basis
of cut of income tax and corporate tax cut and it will be dropped out to the 37% as per Clinton
rate, raised the deduction for the married couple as $24,000 extract from personal exemption,
deduction on local and state tax to $10,000, enhance the credit of child tax to $2,000, estate tax
will become double to $11.2 million (Trump’s Economic Policies, 2019). These all enhance the
economic rate that also helps to increase the incentives and the tax payers face full cost mortgage
rather than implicit subsidy. Whereas the key impact of China economy policy has the slowdown
in the positioning portfolio and it has affected the GDP growth as it reduces the commodity
exposure, enhances the diversification, hedge on ETF’s (The Effect of a China Slowdown on the
Global Economy, 2019).
Globalisation will includes the different factors as like fluctuation in the prices, insecurity
of the jobs, fluctuation in the economy, terrorism, flow of better capital and many other factors
as well. It has the positive impact to develop more job and opportunity for new industry.
Whereas, it has the negative impact as well in which the poorer country has forced to get worked
in match of developed country (Goetz, 2018).
The manufacturing department has the huge impact on the environment as it creates more
pollution thus China comes with the law (Environmental Protection Law) in that 1800 companies
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get punished and get fined of 870 million Yuan (Pollution in China and the Impact from the
Manufacturing Sector, 2018) and under that the pollution index get observed under that balanced
will get maintained. Trump and the US force always looks for the method through which they
push companies to move out their manufacturing from China.
The stock market has the major impact on the economy as if the interest rate develops the
borrowing cost will get more developed (Zhang, 2019). The slowdown of business investments
and the consumer spending will reduces the growth of economy as then the fiscal policy will get
affect the economy of all country. The trade barrier as like tariff increases the cost while reduces
the quality of products that result in decrement of income, decreased the employment, reduce
economy, reduces the GDP etc. The import and export policy includes the different decision that
is taken by the government to conduct the foreign trade and for this trade policy will get
introduce as it is develop to encourage the trade by making favourable balance of payments. UK
has introduce the point based immigration in the upcoming year 2021 as in that point get
assigned on the basis of skills, educational qualification, salary, occupation, visas and from all
the point get provided to each individual.
CONCLUSION
It has been concluded that the president Trump induces the different better scope and
investment in order to generate more economy and with that provides a lot of job opportunity in
the market by which more people get the healthy wage. On the other hand the china has been
going through with the economy slowdown and for that they allow the producer that didn’t pay
the value added tax to develop the export sector.
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