President Trump's Economic Policy Impact on Foreign Economies like the UK

This research examines the impact of President Trump's economic policies on foreign economies, specifically focusing on the UK. It discusses the strategies implemented by President Trump, such as tax cuts and increased federal budget deficit, and their effects on the UK economy. The research also explores the international rules and regulations associated with globalization and the impact of free trade and tariffs. Overall, it analyzes the economic implications of President Trump's approach to economic policy on foreign economies like the UK.

Research describe and explain how
President Tumps approach to
economic policy impact upon foreign
economies such as the UK.

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
ECONOMIC POLICY IMPACT UPON FOREIGN ECONOMIES SUCH AS THE UK.............1
INTERNATIONAL RULES AND REGULATIONS ASSOCIATED WITH
GLOBALIZATION.........................................................................................................................1
THE IMPACT OF FREE TRADE AND TARIFFS........................................................................1
CONCLUSION................................................................................................................................2
REFERENCES................................................................................................................................3

INTRODUCTION
President Trump has implemented certain set of policies which helps in improving the
economic condition and financial position of the economy. In this present research, the study will
focus on evaluating the President Tumps approach to economic policy impact upon foreign
economies such as the UK.
ECONOMIC POLICY IMPACT UPON FOREIGN ECONOMIES SUCH AS
THE UK.
President Trump has formulated certain set of policies which is very prominent in improving
the economic condition and financial position of the UK. The key economy strategy of the
President Trump is to cut taxes and increase the federal budget deficit in order to boost up the
economy (Chalmers, 2017). There are various set of economic policies such as environmental
policy, unemployment, trade, regulation, immigration, etc. which largely influences the
economic development of the UK. The economic policy of the President Donald Trump is highly
administered by the trade protectionism, deregulation and immigration restriction to improve
better economy outcomes (Hepburn and Teytelboym, 2017). Trump’s new economic policies has
resulted in higher employment opportunities which largely benefits the UK economy.
INTERNATIONAL RULES AND REGULATIONS ASSOCIATED WITH
GLOBALIZATION.
The globalization process tends to include freedom associated with the mobility of products
and material from country to another. Various set of international regulations helps in
minimizing the cost. The import of the UK economy is very heavy (Callinicos, 2017). Hence, the
Tariffs in turn might not have any negative impact on the business operations and economy.
THE IMPACT OF FREE TRADE AND TARIFFS.
Tariffs can actually raise the cost associated with the materials and other parts which
eventually results in increase in the price of the goods and reduction in the private sector output
(How Will President Trump’s Policies Affect Trade And Economics?, 2020). The United
Kingdom tends to need high degree of arrangement associated with the Europe in order to stop
new tariffs. Within the transition period, UK will in turn become the part of Europe’s trading
arrangements (Schmidt, 2017). The UK and Europe tends to share same set of rules in key areas
such as competition laws, environmental policy and worker’s right. UK is part of around 40 trade
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deals and Europe is a part of around 70 countries. Germany and France tends to have high
degree of positive trade balance with United Kingdom. China tends to have great trading
relationship with the US (Hepburn and Teytelboym, 2017). Moreover, UK tends to enjoy the
trade surplus with other European neighbouring countries. Germany and France both has a
positive balance with UK.
CONCLUSION
From the study it has been summarized that, President Trump has formulated certain set of
policies like cut taxes and increase the federal budget deficit in order to boost up the economy.
Moreover, the new economic policies of President Trump has resulted in higher employment
opportunities which largely benefits the UK economy. It has been concluded that, the UK and
Europe tends to share same set of rules in key areas such as competition laws, environmental
policy and worker’s right.
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REFERENCES
Books and Journals
Callinicos, A., 2017. Britain and Europe on the geopolitical roller-coaster. Competition &
Change, 21(3), pp.185-198.
Chalmers, M., 2017. UK foreign and security policy after Brexit. Royal United Services Institute
for Defence and Security Studies.
Hepburn, C. and Teytelboym, A., 2017. Climate change policy after Brexit. Oxford Review of
Economic Policy, 33(suppl_1), pp.S144-S154.
Schmidt, V.A., 2017. Britain-out and Trump-in: a discursive institutionalist analysis of the
British referendum on the EU and the US presidential election. Review of International Political
Economy, 24(2), pp.248-269.
Online
How Will President Trump’s Policies Affect Trade And Economics?. 2020. [ONLINE]. Available
through< https://www.fxcm.com/uk/insights/how-will-president-trumps-policies-affect-trade-
and-economics/ >
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