Trump’s Impact
As President-elect Donald Trump prepares for his second term in office, the global economy braces for a wave of uncertainty. His return to the White House on January 20 comes amid an already challenging economic environment shaped by inflationary pressures, uneven growth, and fragile geopolitical dynamics. The implications of Mr Trump’s protectionist policies, particularly his threats of new tariffs on China, Canada, and Mexico, signal a turbulent year ahead for international trade and economic stability.
At the core of Mr Trump’s economic agenda lies an inward-looking approach that prioritises US manufacturing through tariffs and deregulation. While these measures may stimulate certain domestic industries in the short term, they risk fracturing global supply chains that have been decades in the making. The automobile industry, for instance, relies heavily on cross border cooperation among the US, Canada, and Mexico. Imposing higher tariffs on these partners could........
© The Statesman
