What will be the global impact of Trump’s economic policies? , business and economy
Tariffs and tax cuts are at the core of Donald Trump’s economic policies.
Donald Trump has threatened to increase tariffs as soon as he takes office as President of the United States on January 20.
Both their rivals and allies may be affected by the measures.
Trump says the measures are aimed at protecting American industries. But he has gone as far as threatening to use economic force against Ottawa after suggesting Canada become the 51st US state.
Many economists warn his policies, including tax cuts, could lead to resurgent inflation and a global trade war.
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Also, the United Kingdom’s first sanctions legislation targeting smugglers.
