At his inauguration as 45th president of the United States on 20 January 2017, Donald Trump said "From this day forward, it's going to be only America first -- America first. . . Protection will lead to great prosperity and strength. . . We will follow two simple rules -- buy American and hire American." Clearly, the United States and the world have entered an uncharted territory.
He has three clear and chilling messages: From now on, America will be self-centered, protectionist, and less generous to the rest of the world. Nobody knows whether Trump is going to follow through his priorities or to grow into his job and become a mainstream president.
But so far, he has essentially refused to abandon his divisive presidential campaign persona …show more content…
Trade wars will fuel inflation, undermine millions of American jobs and put at risk the American investment around the world. If America imposes higher tariff on imports, the cost of living will rise and all Americans will be worse off.
Though trade contributes to only 11 percent of American GDP, it still translates into millions of American jobs, which will vanish in trade wars. Trade wars will bring in capital controls around the world, and the Americans who have invested their capital across the world will lose much of it.
The rest of the world is already worried about Trump's posture, though the mood in Moscow and Taipei was upbeat. The Guardian editorial dubbed the Trump's inaugural speech as "a declaration of political war." German Vice Chancellor Sigmar Gabriel predicted a "rough ride." Concerns have been expressed in China, Mexico and several other countries. Russia is cautiously upbeat because of Trump's praise for President Putin, and Taiwan cautiously optimistic that there could be change in America's "One China" policy under Trump.
Specifically, NATO members are deeply concerned by Trump's talking down their organization, which has emboldened Russia that wants to see the military pact …show more content…
His criticism of NAFTA is already making Mexico and Canada nervous. Any weakening of NAFTA might mean more motivation for poor Mexicans to enter into the United States illegally.
Trump's America first promise gives a clear indication that his administration will reduce foreign aid and invest the savings on America's own nation building -- roads, bridges, jobs, and education. That means developing countries that need foreign aid to develop will suffer funding shortages. If other developed countries follow suit, the poor countries will not have money to invest in their development activities.
If Trump's rhetoric remains recalcitrant and unapologetic, his cabinet picks do not leave much room for the hope that they will moderate their boss's position on anything. Most of them are rich and out of touch with average American like Trump himself, nationalist like himself and collectively bring the scantiest pool of political experience in US
He has three clear and chilling messages: From now on, America will be self-centered, protectionist, and less generous to the rest of the world. Nobody knows whether Trump is going to follow through his priorities or to grow into his job and become a mainstream president.
But so far, he has essentially refused to abandon his divisive presidential campaign persona …show more content…
Trade wars will fuel inflation, undermine millions of American jobs and put at risk the American investment around the world. If America imposes higher tariff on imports, the cost of living will rise and all Americans will be worse off.
Though trade contributes to only 11 percent of American GDP, it still translates into millions of American jobs, which will vanish in trade wars. Trade wars will bring in capital controls around the world, and the Americans who have invested their capital across the world will lose much of it.
The rest of the world is already worried about Trump's posture, though the mood in Moscow and Taipei was upbeat. The Guardian editorial dubbed the Trump's inaugural speech as "a declaration of political war." German Vice Chancellor Sigmar Gabriel predicted a "rough ride." Concerns have been expressed in China, Mexico and several other countries. Russia is cautiously upbeat because of Trump's praise for President Putin, and Taiwan cautiously optimistic that there could be change in America's "One China" policy under Trump.
Specifically, NATO members are deeply concerned by Trump's talking down their organization, which has emboldened Russia that wants to see the military pact …show more content…
His criticism of NAFTA is already making Mexico and Canada nervous. Any weakening of NAFTA might mean more motivation for poor Mexicans to enter into the United States illegally.
Trump's America first promise gives a clear indication that his administration will reduce foreign aid and invest the savings on America's own nation building -- roads, bridges, jobs, and education. That means developing countries that need foreign aid to develop will suffer funding shortages. If other developed countries follow suit, the poor countries will not have money to invest in their development activities.
If Trump's rhetoric remains recalcitrant and unapologetic, his cabinet picks do not leave much room for the hope that they will moderate their boss's position on anything. Most of them are rich and out of touch with average American like Trump himself, nationalist like himself and collectively bring the scantiest pool of political experience in US