A Trump White House: The 45th president
A Trump White House
The 45th president
from The Economist
MUCH of the time, politics matters little to most people. Then, suddenly, it matters. Trump’s term stands to be one of those moments.
We know little about what Mr Trump intends. Mr Trump promises to be an entirely new sort of American president. The question is, what sort?
There is evidence from the team he has picked, which includes a mix of wealthy businessmen, generals and Republican activists.
Mr Trump is changeable. But that does not mean that you must always shut out what the president says and wait to see what he does.
Trumpian optimism on display among American businesspeople may deserve to be tempered by fears about trade protection and geopolitics.
After the election, S&P500 index reached record highs, reflecting hopes that Mr Trump’s cutting corporate taxes might lead economic boost.
If his reforms are poorly executed, there is the risk of capital chases that do little to enhance the productive potential of the economy.
Fast rising prices will cause the increase of interest rates. Soaring dollar will harm both emerging countries with dollar debts and US.
Just as Mr Trump underestimates the fragility of the global economic system, so too does he misread geopolitics.
His mistake is to think that countries are like businesses. America cannot walk away from China in search of another superpower to deal with
For as long as Mr Trump is unravelling the order that America created, he is getting his country a terrible deal.
How will Mr Trump’s White House mediated by Mr Trump’s daughter and son-in-law work?
The world is on edge. From the Oval Office, presidents can do a modest amount of good. Sadly, they can also do immense harm.
