Question

Please explain in detail Analysis of Trump's trade polices and its impact on global business

Please explain in detail

Analysis of Trump's trade polices and its impact on global business

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Mr. Donald Trump had a promise in his presidential campaign to make America great again. In the light of it, Trump administration has formulated the trade policies. Till now, the trump administration:
·   has come out of Trans-Pacific partnership discussion as it was considered disadvantageous for the USA.
·   Has put extreme pressure upon the partner nations of NAFTA such as Canada and Mexico to renegotiate the terms of trade under NAFTA.
·   Has put ban upon multi-billion Chinese products and also faced the ban of US products in China in retaliation
·   Ban of different products such as Steel from Europe
·   Strained trade relationship with excessive focus to renegotiate the terms of trade that will now equally favor the USA.
The Agenda of the Trump administration is to renegotiate the trade terms with everyone in the world as past agreements were supposed to be less profitable for the USA. Though, he forgot that USA offered favorable trade terms to other nations, because other nations accepted USA to be a global leader and gave strategic advantage in terms of votes in UNO, participation in war and support of USA in different global conflict. Though, Trump neglected these aspects and hoped for the renegotiation. It caused other nations to find other partners for export and import. It also has the scope of create a vacuum at world trade, though it has not yet happened. The extreme impact is the ban on Chinese imports to the USA in different product categories, causing China to find some other allies. So, loss of USA is the gain of others in world trade.

Add a comment
Know the answer?
Add Answer to:
Please explain in detail Analysis of Trump's trade polices and its impact on global business
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT