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What Trump means for business, the economy and the world order.

Authors :
Cook, Nancy
Green, Joshua
Parker, Mario
Source :
Bloomberg Businessweek; Aug2024, Issue 4822, p50-57, 8p, 1 Color Photograph
Publication Year :
2024

Abstract

This article explores the potential impact of a second Trump presidency on business, the economy, and the world order. Despite facing 34 felony convictions, Trump's fundraising remains strong and polls show a close race between him and President Joe Biden. However, concerns arise regarding the economy, trade policies, and international relationships under another Trump administration. Trump's economic plan, known as "Trumponomics," includes low interest rates and taxes, increased oil drilling, stricter immigration policies, and improved trade terms. While there is uncertainty surrounding his economic policies, Trump believes his message will resonate with voters. Business leaders have mixed opinions on Trump but are preparing for his potential return. Trump aims to lower the corporate tax rate and believes immigration restrictions will benefit minority groups, although economists caution that his proposed policies may lead to inflation and increase the budget deficit. Despite criticism and conflicts with certain CEOs, Trump enjoys support in the boardroom and on Wall Street. The article also delves into Trump's views on business leaders, foreign policy, and Silicon Valley. Trump acknowledges that some business leaders, like Jamie Dimon, were correct on certain issues and expresses a desire to have them serve in his administration. He emphasizes his support for tariffs, believing they aid negotiation. Trump shares his skepticism about defending Taiwan and his positive relationship with Saudi Arabia regarding foreign policy. Furthermore, he holds mixed views on the tech industry, criticizing social media companies while recognizing their importance in countering Chinese technological dominance. Overall, this article provides valuable insights into Trump [Extracted from the article]

Details

Language :
English
ISSN :
00077135
Issue :
4822
Database :
Complementary Index
Journal :
Bloomberg Businessweek
Publication Type :
Periodical
Accession number :
178472773