Topic: Are Trump's economic policies good or bad? (Read 984 times)

Real money is gold the hard money people will tell you this and its never sold only ever exchanged.    Most people think the paper notes are real money because its so common and liquid, you pay your taxes in it and everything so its real.

The point to this economics section of the forum is to deal with the biggest questions beyond headline price tags, when nations falter and currencies fall.   The paper is crumpled under pressure, its backed by promises and the ability to tax the people of that nation which is not a certainty.

I dont expect China to submit to much of an external audit, they are self appointed gods who can command or dismiss the very existence of any person within their domain.   Its a large enough country that the amount of gold they have will be overt enough to back on demand exchange to their common currency.

   All modern countries have done gold backed currency and gold as a major foreign reserve but not in modern times; China had zero gold in 2000 hence the gigantic amount of mining they did since then, the acquisition of both physical, recycled gold and entire mining companies since then is massive.
  I'm pretty sure China is quiet to try delay any price rises to gold, in the west we sell gold almost as scrapped old rubbish so its a smart strategy to turn the west upside down and get the last drops out as much as possible.


In any case we're nowhere near to gold reserves in the Western world and China itself has horrible amounts of debt which I presume they would default on if pressed so the idea of all trust in finance switching to China is unlikely because they had no respect for basic rights which matters in a trade, contracts, etc.

USA remains the largest holder of gold but its of no consequence because the debts are increasing faster then the gold price can justify or balance.  In effect this means less gold held in proportion and the idea maybe most relevant to this thread is holding Bitcoin as a Federal asset.

   I would be surprised if BTC entered the tier 1 assets of any finance operation, mostly because they dont produce BTC & any government likes things it can control.  [eg. China is worlds largest gold miner at 10%]

What I fully agree with is that China is now actively colonizing third world countries, especially in Africa. And I will warn you at once - this colonization will be more terrible than that which was in previous centuries. If European colonizers recognized their “sins” and gave freedom to previously colonized countries, China will never recognize this, and will “solve the issues” by any method convenient for China.
Regarding the purchase of gold by China. China will only get “extra money”, real money, from gold if .... sell it ! And just gold itself does not give money, for example, for the economy. It is an asset for accumulation and preservation of value, but not for, for example, supporting the economy. The economy runs on money... Therefore, China's gold reserves are Schrodinger's financial code, they are either there or they are not.... or they are very little, or they are very much, and it will not be known until there is an independent audit

1) Great, especially if they can slash spending.
2) Horrible, doesn't history tell us large tariffs do much more harm than good?
3a) What about a complete audit of the FED?
3b) Also, the same for USDT (if possible, this should be done by trusted crypto players not the government), before it causes a major BTC crash!

Its an open secret because its not hard to figure out but China hides just how much gold they are buying as to do so more plainly could as much as double the price.   They have no interest in stating themselves openly, like alot of things China does its only clear by their actions later.

So in the past gold decline, China via 3rd parties would acquire many gold mines that were suffering poor funding.   The worth of that gold mine with a bullion price near a thousand is low or near zero perhaps as the mining is uneconomic to perform.   The worth of the mine with a bullion price of over 2000 moving to 3000 and eventually 4000 is great, its free money for China to acquire such a mine with this future knowledge.

They are the largest buyer, cornering the market has advantages and some negatives as they dont want anyone to front run that certain intention to place foreign reserves with gold.   The biggest whale in any commodities market is china, its true for Iron copper and certainly gold.   They often can be extremely aggressive in negotiations, I think Australia can speak to that fact but China easily dominates this region like Russia occupied most of Europe in the last century its the most obvious danger in the world imo.


Much as I hate to ever agree with Trump, if he is even slightly more aware of that ever present  danger then prior administrations he could prove himself useful.  Unopposed its possible China across the world to do much damage to the concepts of freedom or free trade.

I laughed at how Trump makes a decision. I want to point out that he is far from being an economist, but more of a businessman. I doubt that he understands the country's financial issues at the state level. He has seven Fridays in a week. He looks more like a crazy person who sometimes does not realize what he is doing. In addition, we should not forget that he is over 70 years old. At this age, the mental process does not work so well. He will be exactly the same as Biden is now. Where will all this lead in the end? It is difficult to make any predictions about his policy now until he is inaugurated.

China not only has great ambitions, but also economic problems. Moreover, all subsequent steps do not solve the problem, but aggravate it, and so far there is no way out of the dip.
About gold. It is possible to talk about gold of China and Russia, but... you will not be able to give a single proof of their real reserves. All these huge reserves are just words. You can't even get information about state reserves (gold currency reserves) of China and Russia somewhere in open sources ! In China they are classified long ago, in Russia after 2022. Question - if everything is so good - why hide it?

He's definitely on the right path. A lot of our issues go away with strong foreign policy and less regulation/spending.

Trump was a savvy businessman and former president.  Now it is to be seen how he will manage the state in the second term.  Since he is a businessman himself, I think the business will expand even more.  Again, it is not possible to say exactly what steps Donald Trump will take in the case of immigrants.  On the other hand, one of the attractions of his election campaign was to deter other countries. 

So it is difficult to get an idea of ​​his conduct until he comes to power but we can expect him to play an important role in maintaining world peace.

Besides, what his tax policy, trade policy and monetary policy will be will be known only after he comes to power.

Are you sure that one of the main objectives of BRICS is de-dollarization? For example, I believe that up to a certain point, BRICS was an economic union, the purpose of which was mutually beneficial cooperation and economic development. Do you feel that? There is no word de-dollarization ! But from 2022 onwards, suddenly, some toxic BRICS members started hysteria with “dedollarization” And you probably know exactly who and the reason, right ?
And two questions:
1. Tell me - who now prohibits the BRICS countries to trade in national currencies?
2. With global dedollarization, how will BRICS, not a self-sufficient union (and BRICS cannot cover all the needs within itself), interact with the world, dollarized, economy ? It is very interesting to know your opinion !

yeah it seems that's the case, many countries more specifically the one that joined BRICS trying to replace USD, we don't know whether they will succeed though, but they seem to be in favour of hoarding gold and possibly commodities as well.
the tariff itself might cause the economy to slow down, because it means higher price for imported stuff and the country like china will definitely react and do counter measure probably shifting their export to another countries, but it will also keep the money from going to china anyway, since china just lost its number one customer of their exported goods if they decide to shift their attention.

China has grander ambitions, they are reserving gold and also Russia does this as both want no part in the influence of the dollar to continue longer term along with its biggest backer the USA.

Overall the ideal of less trade because of any restriction is by default a negative.  Its hard to overcome the standing negative of a tariff, the obvious result is less trade done and very likely restrictions returned those who receive tariffs.

 The biggest effect is on the ground, businesses hit like artillery from distant powers barely able to see where their bombs land or the damage done, random sectors restricted and damaged by no wrong in their own work or product; it is of course the opposite of capitalism and reduces efficiency both in those companies and across the economy overall.

In order to answer your question, it is worth first understanding - what is the benefit, for example, for India in dedollarization ? I have already said many times - the hysteria with dedollarization was raised by rogue countries and those who understand that they may find themselves in their situation. Everything is very simple - de-dollarization and forcing the BRICS members to a “single currency” or, for example, mutual settlements in yuan, has one goal - to solve the problems of a small. The main goal, which was openly stated by the president of the terrorist country, Putin - “Sanctions and blocking of our funds, do not allow us to continue our business, and earn to finance terror, so it is necessary to abandon the international settlement system and the dollar”. The other countries, absolutely expectedly, do not understand why they should invent something to replace the established and convenient system of mutual settlements in the dollar in international trade. At the same time, they can still settle in local currencies.... But they don't really want to, because they want to get dollars for exported goods and services. A dollar for which they can buy any necessary goods and services in any country!
China tried to impose the yuan as the “single currency of BRICS” with quite a pragmatic purpose - to save its economy.

Trying to guess this makes no sense to me at all, doesn't really give anyone any benefit at all to try and make this work somehow, it is just not benefiting anyone. We need to remember that we can't really make these kind of decisions before they actually happen. Trump is literally not the president at the moment, so trying to guess will not take you anywhere.

I am pretty sure that it is a long term deal, so the short term will be painful and hurting the economy a lot, with the hopes that on the long term it will make it even stronger. Will that work? I do not know, I have no idea, but that is what his advisors and people are saying, so one thing is for sure, if you think he will hurt the economy or if he will help the economy, no matter what, the first few years might be bad, maybe even his full four years, but the assumption is that he will be doing something that will help the nation even after him, so the start will not be pretty at all, that much we should be aware because even he is saying so.

This is not anti-country but rather to reduce the excesses of earnings of the government and indirectly give back to the people. It's not so bad but in the case the government has more obligations to fulfil, it might be an issue provided there is no contingency plan to measure it up.

This is where he plans to get the money from the people's tax relief but he should be careful in doing this, no one has a monopoly of everything, especially if it is targeted at many countries, it might fight back.

This is not the jurisdiction of Trump but of the Federal Reserve unless he wants to replace Jerome Powell with his ally who can do his bidding. What Powell is doing as the economic response is the right approach I know in economics and naturally as inflation subsides, he will cut the rates.

What does "tax-free" mean? Completely free of taxes? I'm all in for anarchocapitalism and libertarianism, but I think certain things like defense and justice cannot work in practice, based on free market. So, there have to be some taxes. There's no sufficient evidence that the free market can cover these institutions, alone.

It'd definitely enable the market to "breath" more, which in return would increase the total goods and services. Again, the economy is a complex reality, so I cannot answer with a 'yes' or 'no' on whether lowering the taxes would result in more taxes collected.

It's not that simple op. He doesn't really give a crap about commoners just like most politicians out there and is only focusing on helping the republicans gain more ground during his 2nd term.

The ones who think that he actually cares about commoners are deluding themselves. Also, he will most probably decide which economic policies to greenlight and which to restrict through his personal assistant(Elon Musk).

That's actually the most correct answer. He says one thing and does another.
If he really wants to set such a huge tarrif on foreign goods, immediately as he comes to the governance, that will be one of the stupidest thing that he will ever do (probably).

That's definitely terrible but sadly, there are many stupid people that think that if we cut the tax rate for rich people, they'll pay huge salaries to their employees. They completely ignore that with high income, the appetite growths too.

Yes but many people think that tax-free is the best thing, which I don't agree and I hope you don't agree too (Saudi Arabia is out of discussion because they have tons of oil). Taxes should be low enough to stop companies from moving to other countries and sending all the collected taxes in those countries. Taxes also should be low enough that people shouldn't start thinking about ways to hide taxes. I think that if countries have lowered taxes, they would collect more taxes (sounds paradox?) because less and lesser people and companies would try to hide taxes and overall image would be better.

This is also a good answer.

The main goal of BRICS is to reduce dependence on USD, although India has quite close relations with the US, but if India is not interested in reducing dependence on USD and participating in building a multipolar world. Why did they join BRICS and why didn't they leave the bloc to move closer to the US?

Is India really not interested in de-dollarization or is it just making the announcement to appease Trump since we all know Trump is quite angry about de-dollarization? But they will still continue to silently support the de-dollarization plan for BRICS.

I do not deny that the dedollarization process will slow down under Trump but when Trump's term ends, the process will continue. Dedollarization and creating a multipolar world are no small matter and could take decades. So it is too early to say that BRICS has failed or that they have given up.

If you believe in Trump and his policies, there is no reason to doubt him, it's that simple to understand, common sense is all that's needed to answer that. Anyone would do and think like this of course. Especially if you saw the impact and influence he has on the bitcoin or crypto market.

Why op, didn't you see what happened during the election days that affected the price of bitcoin? There was a sudden rally in the price of Bitcoin, so right here you should know if Trump has a good impact on the bitcoin market. And when the price of bitcoin rises, the top cryptos in the market will follow for sure.

Personally I think the tariff thing would be a bad idea because the foreign goods importers will just add the tariff fee on the burden of consumer.
so essentially making such rule useless.

as for the other such as cutting interest rate and tax cuts, I think that's a good idea, but it depends on the whole situation of the world economy I guess, if there's need for stimulating economic growth he should.

overall it seems the whole financial market welcomes such regulation reflected from how performing the equity bonds are lately.

Trump makes up his economic policies depending on what side of the bed he fell out of this morning or which way his hair is blowing. He does have some sort of fixation on trade and using tariffs in trying to bully trading partners, but history has shown that protectionism is very bad for the world and leads down a dark path. He is not completely wrong, as too much subsidization can be used by certain countries to establish a monopoly in a market, driving out local industry and then the prices ramp up when all competition is gone - however many Americans have benefited from low trade barriers because goods were imported much more cheaply than they can be produced at home and theoretically freeing up American's to work on more pioneering products.

The more tax cuts, the freer the country.

I'm completely against imposing tariffs, for the same reason I'm against imposing taxes to some groups of people the government decides; it all relies on the assumption that the central planner knows better than the free market.

That's pretty empty, in itself. The economy is not a "lever" that you toggle on and off. Lowering the interest rates does not necessarily stimulate growth, for the same reason that rising the interest rates does not necessarily restrain growth; the economy is a complex reality whose outcomes are not dictated in isolation.

India was smarter and more nimble than all the other BRICS members and washed its hands of the toxic members, the rogue countries, with their tantrums about dedollarization:

“DOHA, Dec. 7. /TASS/. The BRICS countries are discussing financial transactions within the association, but there is no proposal to create a single currency now. This was stated by Indian Foreign Minister Subramanyam Jaishankar, speaking at the XXII Doha Forum. “BRICS is discussing financial transactions, but the countries of the association do not have a common position on this issue,” the minister added.
“The United States is our largest trading partner and we are not at all interested in weakening the dollar,” Jaishankar stated.
Excellent reaction, an adequate BRICS member, to Trump's words !

Here everyone is going with his own view because peoples those were supporting him believe he could be man who can bring changes and those are against him surely having no faith in his policies and feeling things could be worst as he is not right person for this job, but few things are surely going to work as if he again increases tariffs then we will have same policies like he has done in his first tenure and this could be not ideal for the common peoples.

But, if he is having learned from his mistakes and will use his power with better and wise decision most chances things could be gone in right way, and we will have positive impact on the USA and many other countries as well I am not sure about his policies but as he runs his campaign and have talks and do things most chances we will be having things on positive which will surely help common peoples, and we will have good change.

But you tried to present it as some kind of global problem, right, that people's lives have become unbearable?  Who's bad? How bad !? I can write that a significant part of the population of developed countries, can not afford to invest, buy luxury goods, and ignore spending, but it does not mean that they live badly !
You deliberately didn't hi the evaluation criteria to make it look like “life has become unbearable, Americans can barely make ends meet”
Can you think of any country outside the developed world where at least 30% can afford to provide, from paycheck to paycheck, the same quality of life as the “unfortunate people of the USA” ?
Tell me more about the success of your country ? Compare the changes after the 80s in the USA and the developments in your country - it will be much more interesting and revealing ! Or is it not interesting ?  That's why people from your country will go to USA if they have a chance, even though there “people live from paycheck to paycheck”.
I'm sure 2025+ years will change the situation in the USA quite a lot, which will increase the growth of those who want to go there, but it will be much more difficult, so you don't worry about the people of the USA, take care of the problems of your country.... I know you won't do that

Agreed that it is too early to say anything because as we see, Trump's inner circle this time is completely different from the first term. So let's wait and see what he will do when he officially becomes president.

But I also think there won't be much difference because his top goal is still to make America great again and maintain the dominance of the USD. Meanwhile, some countries like BRICS are threatening the dominance of the USD and he will not tolerate this. This could trigger a more serious trade war and would certainly lead to higher inflation. If inflation increases again, it will not be good for people, especially the poor.


What I hope now is that when he officially takes office, he will be able to end the war. Because not only does it affect the whole world, but so many people have died and everything needs to stop.

Where did I say any of that?!!!

The discussion was the damage Ronald Reagan had done to the US economy and I mentioned the surveys that show 60%-70% of Americans are living paycheck to paycheck because of that damage. As opposed to pre-Reagan era where the middle class was fine and Americans  weren't up to their necks in debt.

If you want to interpret that as "people can't afford food", that's your own problem!

Will you ever stop your pathetic manipulation of information ?
The article clearly describes what is meant by the phrase “living paycheck to paycheck”:


Yes, people can't save significant amounts and invest. But it doesn't mean that they limit their consumption of food and goods, give up their cars and apartments, that they live in poverty and can't provide for themselves Stop trying so primitively to manipulate by wishful thinking

Why don't you tell me how things are in such “prosperous countries” as Russia, Iran, North Korea ? Why is it that people from the USA did not leave en masse to the above countries, but from the above countries, for decades, as well as from other countries, people go to the USA - probably to “live starving on the street”, as you want to present it ? Turn on your brain sometimes

Look at North Korean news - there every day they show the US all living on the streets in refrigerator boxes and catching rats for food !

PS And some more of Trump's positive economic policies
Trump threatened BRICS countries with 100 percent duties if they create a new currency to replace the U.S. dollar

I'd have to agree on the cheap labor front, immigration is often a surprise benefit to local economies.  Its a popular policy to deport because people imagine it will raise wages, a kind of price control measure by government to remove the cheapest labor.

The problem with any policy is the overall macro effect on society overall.  If you raise costs on a company in your community, it just might not make your community richer.   It can mean that a company is less competitive and/or business goes elsewhere.
  Deport the Mexicans (or any nation) but also that business might just relocate to be nearer that cheaper source of labor in Mexico.  Its easily arguable and sensible for the business to do this, then the business is paying taxes to a foreign government also as well as those employees.      
  Soon very easily the policy is really not of any benefit to anyone and the company is an ambivalent player doing whatever is necessary to get business done at workable cost.

People want to then argue well we ring fence not just people but tariffs prevent this cross border trade of goods.   Again the overall society in this trade is not benefiting.  Goods made in Mexico even if its by a USA company can export them elsewhere, USA is rich but only because of immigrants is the view I'd favor.  

Deport criminals and those who refuse to work and follow every law to the letter, be very tough on requirements perhaps but Ive zero against people who want to help pay off my countries giant debt, please help bail us out.    

Trump isnt the originator of alot of these ideas, they arent new and the personality politics isnt important.   Look up a fifty year old history book, study economics often its listed, tried with examples of what occurs next.  

If I had a seat at the table or a book to sell even I'd argue for simplicity here to just enforce the endless laws USA already has.   Be extremely harsh on those companies which do employ cheap migrant labor of this kind.  If quality is poor, if safety is compromised and laws not followed double or triple the fines applicable & seize entire factories if required.

  No fence should be required, anyone exploiting immigrants in a bad situation should be in fear of laws that already exist.  I'm not sure he has to change alot but the implementation and interpretation of what is already true, most people would struggle to disagree with harsh governance to raise standards, no new law or policy might be required then.

It cannot be said that he will do the same thing in his second term. It would not be right to speculate too soon about what his policy will be. After governing the country for few times, this issue will be clear. Now his opponents will make one comment and his followers will say another. Those who are neutral among them can also give their opinion, but in reality, which direction Trump will choose is completely up to him. I believe that his policy will not be the same as it was in his first term because he has a large pool of wise people with him. He will definitely not adopt any policy that is considered by people to be bad. His current term is more likely to be better than the previous one.

Yes, the first four years he was president, it helped with rich more than it helped with the poor, it wasn't a good idea because while he did put a lot of tariff to other "enemy" nations to strong arm them, it also concluded that inflation was based on this as well, you just fail to get cheap stuff from other nations when you put that much tariff on those nations, you think the product will stay the same price and sellers will eat the tariff? They just increase the price based on the tariff as well, so that's how that works.

In the end, poor people end up getting poorer not because they earn less, they earn more, but they spend even more so that becomes an issue for them long term. But I agree, his second term hasn't started, just need to wait and see.

No doubt Donald Trump is always is in the favor of rich people because he is also rich people and he likes rich people and he has relations with rich people. He always made politics for the businessmans because businessman produce jobs for their country and I am with the Donald in this aspect because he could be talktive person as all politicians do . He will give relief to heavy rich persons and poor people will be more poorer in the time of Donald.Donald should take decisions for the middle class people but we can't expect good from that . He will give relief to the people by their support he became president of USA and he will give in return. Donal is ultra rich people and that kind of people don't want poor people.

Maybe try using a search engine like Google or DuckDuckGo next time before blurting out nonsense at others only because you didn't like what they said!
There are various studies with various number of participants and data size targeting different groups:
On the global scale where they have to export their goods that are produced domestically (so with workers being paid in Yuan) if their fiat is cheaper for the global customer, their products become cheaper as well.

The way I understand it is the following and I try to simplify it:
Imagine two importers A and B who both have a $100 capital wanting to import pens!
A imports them from China. B imports them from Germany.
Both pens are worth $1 each so each importer imports 100 of them. They each add 20% profit and sell them domestically at $1.2.

Lets say 1 USD == 10 CNY and 1 Chinese pen is worth 10 CNY. Then China lowers the exchange rate to 1 USD == 20 CNY without changing their product prices.

All of a sudden importer A can import 200 pens with the same $100 capital. So A will have more goods to sell therefore more profit to make.
Right now the sale in China has just doubled because of that.

Since A is making more profit in total, he can also lower his own profit % to crush the competition. He can for example sell the Chinese pens for $1.1 each.
Now B sees that he is losing the market to the competition since the market is being flooded with more pens and at cheaper prices. Majority of people are also more willing to buy the $1.1 pen instead of the more expensive ones at $1.2.
All of a sudden B decides to import pens from China as well, only to not be pushed out of the competition.
Now China has quadrupled their sales selling 400 pens instead of 100. That also translated into more inflow of money into China and most importantly more jobs that would greatly counter the inflation caused by dumping the CNY.


Just replace pen with any other goods. Like their cars. Their smart phones and so on.
In fact the Chinese automotive industry has been crushing its competitors over the past year, taking their shares in previous years and some say they are now pushing them completely out.
https://www.bloomberg.com/graphics/2024-china-outshines-japan-cars-southeast-asia/

Donald Trump's economic successes in his first presidential term were very modest.

However, this is due to a completely objective circumstance - the covid-19 coronavirus pandemic. Donald Trump was actually very unlucky. It is impossible to achieve outstanding success in economic development in the conditions of a global catastrophe. The COVID-19 coronavirus pandemic is actually a black swan (in the terminology of the famous writer and philosopher Nassim Taleb).

In my opinion, rich Americans and large American corporations are essentially the same thing. The success of American corporations enriches their owners, top managers and employees (that is, all Americans). Trump's idea is to move production from China and other countries back to the United States.

As a result, it is the profits of American corporations that will become the source of national well-being.

You are well-informed. Since I agree with you on many parts, I'll talk about what I can't entirely agree and disagree with you. I have also read that crazy info that was claiming that if Apple was about to produce iPhones in China, it would cost $100k per unit. That's false. Look at Apple's profits, they make tons of money and the Chinese workforce isn't as cheap as it used to be. Apple can very much start iPhone production in the USA and keep the current price or a little more expensive but they don't want to say no to very high profit margins. There are lots of migrants in the USA, they can make these migrants work as hard as the Chinese, pay the lowest salary and produce iPhones.
Marketing wise, made in the USA as far as I know is associated with quality. I would pay $500 more to buy an iPhone made in the USA instead of made in China.

Btw I don't understand what's the catch with making local currency cheap? Yeah, China does that but what's the point, how does it make them competitive? Instead of lowering the purchasing value, lower salaries. I believe it's not as easy as I make it here but I don't understand the logic.

Trusting a policitian is like trusting a green snake wouldn't bite you just because you are been friendly to it for some days. The interest of the country is there primary concern and nothing else matters. If he implement some policy like Bitcoin ecosystem, that's if he really want to, there will be some forces among the political elites that will fight back for sure. I'm not even completely trusting he will do what he has promised but I want to follow what the market brings.

I don't quite believe in his economy policy of Bitcoin but you see the madness he is trying to restore, I will be happier if he do it. We need to bring the world back to reset. Some of the LGBTQ we see in other countries are mostly from US, the spiritual madness is taking over the world, it will bring a sanity back to those that has lose it atleast even if he doesn't do most of the things we want in crypto space.

And if you look at trump he has good intentions for this is administration now because if you look his gestures and I see the way people are given love to trump shows that they actually believe in him, and people so much have faith in him and it is actually good thing, because I did not want Harris to win from the beginning and trump is way better than all of them and from most of the statements his making everyone should know that he wants the best for Americas.

And people were thinking that when trump win he will send everyone home but I love the statement he made about illegal migration, they need to check everyone that is coming inside their country this shows that he has is citizens in mind, one of the biggest relief they will have will be that if tax because they are paying heavily for tax and how much are some people earning when the tax is this crazy. And if the tax should mistakenly increase then everyone should know that there will be inflation.

And if you look at it trump is a business man and he knows the kind of police's that will favour everyone's business and people have selected him so it is time to return the favour to them, by reducing heavy tax on people so their is just to much for him to do as the re elected president.

Judging by the hysteria that some countries are starting to whip up, the election program will be really pro-American in the economic part, and other countries that are making good money on the American market and with the help of American money, technology and other things will have to look for ways to survive, and in reality - prepare for the degradation of their economies. Even the “second economy of the world”, China, has already realized that it is necessary to prepare for Trump's arrival and start playing along with him, or even “playing along” to reduce risks - Chinese banks, for example, have already actively started to comply with the “wishes” of the U.S. regarding financial sanctions against some rogue countries. The other day, China's largest banks essentially stopped UnionPay's work in one such country, and happily reported about it.
Trump will pursue a hardline pro-US policy, given the mistakes of past US presidents. First of all, it will affect the development of production, migration of production from countries to stop supporting their economies and redirect profits to the American economy, this is supported by both large companies and the U.S. population, as there are also plans to reduce the tax burden. We will see how this will be implemented soon.


Thanks, you have amazing jokes as always, and self based on the most amazing sources of information ! Add for extra credibility that all 60-70% of the US population wants to go to beautiful countries like North Korea, Russia, Iran, Cuba, ....  !

The damage Ronald did to the US economy is never going to be fixed without a revolution and a regime change in the USA. According to various surveys between 60% to 70% of Americans live hand to mouth, paycheck to paycheck. And they say US has the highest GDP

That's not how it works though, that's the promise but it never worked out, ever since Reagan came up with trickle down economics, that has never worked for even once, rich gets richer but poor stays poor and even gets poorer.

With his new tax reforms, we are going to see rich get richer there is no doubt about that and last time he was president he undid everything Obama did, which caused a high inflation and also it had such a huge problem with unemployment for a long time as well, which recovered later on so I have to give him credit, but his early years wasn't even that great, and his last year was terrible, Biden literally spent four years trying to fix what Trump broke, which Biden obviously failed, he made it even worse, not like he was any better than Trump.

They say democrats are "leftist" but while there are some leftists in democrat party, Biden was a proper capitalist too, he was just siding with rich companies, not rich people, whereas Trump sides with rich people, not rich companies, there is a huge difference if you know what that means.

Donald Trump's economic policy is based on supporting large American corporations. During Donald Trump's presidency, rich Americans will become even richer. But there is nothing wrong with that. Because poor Americans will also become richer. That is capitalism.

Reducing tax rates for large corporations will not necessarily lead to a decrease in budget revenues. Tax revenues may even increase.

Also, the election of Donald Trump is very beneficial for investors. The stock and cryptocurrency markets will most likely grow under Donald Trump.

At the same time, Donald Trump is a supporter of protectionism. As a result, many countries, such as China, Russia, and the European Union, may experience serious economic problems.

Right, and which policies are these? In 2022 illegal immigrants paid $96.7 billion worth taxes in US. Now trump is planning to mass deport undocumented immigrants by using military. Mass deporting that amount of people will end up costing closer to a trillion dollars.

And that's just one policy. Ignoring FEMA will grow insurance costs, and some people actually believe that china pays the tariffs even though they don't. To do that, china should be making even cheaper products, and they have already cut the costs by cutting workers rights. They can't cut them more. So if US wants cheaper products, they are going to cut their own workers rights. Also Trump cutting taxes from rich means less public infra, and replacing that with privatized infra again raise cost of that public infra.

Meanwhile trump is torching free speech protections and proposing for example that people would get a jail sentence for burning the American flag. And trump's FCC chair nomination is against net neutrality.

Why aren't you concerned? Because you trust him? I am not even from US and i am worried about where this leads, because i have empathy towards their citizens.

It is worth knowing that a lot of the objectives Trump seems to have and many of the promises he has given are not new. Such plans like to "return production to the USA" is an old objective that other presidents have pursued as well. They even have a word for it: reshoring (as opposed to offshoring).
They've tried it for many years and even spent a lot of money on this initiative. It has not been a great success.

However, it is still interesting to see what will be different this time because of two things:
1) Trump's plans are very radical and somewhat impossible
2) Timing is terrible. The world is in a high tension situation filled with lots of conflicts that has made the economy unstable and very RISKY. Taking big risks at this time are terrible

There are also a lot of contradicting interests in it. On one hand because of #2 US has to rely less on imports and "reshore" because the supply chain that is already disrupted can be disrupted even more. But on the other hand, at this stage it is an impossible thing to pull off.

I read someone crazy a while back where they estimated that if for example Apple were to be forced to manufacture iPhones in the US, their products would be worth like $100k! That's like 100x more expensive than what they cost now.
That wouldn't just make American products impossible to export since nobody would be able to afford them in any other country but also it would make them unaffordable for the American consumer as well.
So reshoring in a lot of cases means the death of that company.

They also cannot do what the Chinese did with their currency (keep the exchange rate low to remain competitive) because the only reason why US dollar is still alive and is used globally (despite the dedollarisation) is that it is rather stable and has a high exchange rate.
The moment they crash the exchange rate to compete, is the moment the world would dump the dollar and most importantly would dump trillions worth of the US treasury bonds effectively crashing the US economy.

I am thinking out loud here but this is what makes it interesting to me. From what little I know of economy, it is impossible for anyone to "return production to the USA", the capitalism and Petrodollar have made sure of that. So we wait and see. Maybe this time they pull a rabbit out of the hat and surprise us all...

Many media have raised big changes regarding Trump's victory, especially in the global economic sector. Trump himself once said in the campaign that if he wins, it will bring massive economic changes, I think that in terms of the economy Trump came to power, the ideas he implemented were not much different from when he first came to power, maybe there were a few sophisticated changes because he was already experienced in terms of leadership.

The changes that Trump promised to change the economy.

Even though Trump's promises look real and many people are convinced, only time will tell if the global economy will continue.

Sometimes, i do wonder why people are so concerned about policies of a government that is yet to assume office when we all know that it's not everything they said that will be implemented. Donald Trump has been in the white house before and he knows about the policies that he will implement that will make his government work effectively. Being re-elected to an office is just like giving someone the opportunity to do better than they did in their first time so if Donald Trump likes let him implement policies that will favor the masses or not, after four years, another person takes over and also make their own policies and the government continues. However, we should not forget that a president cannot make policies and pass bills by himself, he has cabinet members and legislatures who will review those policies if they are worth enacting into law or not.

Trump has not yet started any work in his power. But all Americans will definitely expect good things from him. He will try so that Americans can be satisfied with him. In domestic matters, he will definitely get everyone's praise for reducing taxes because both the rich and the poor will benefit there. However, he is never flexible when it comes to importing goods from abroad. Because the amount of taxes will increase there greatly. As a result, the price of imported goods will increase. Due to which a somewhat chaotic environment may be created there. But there is nothing to comment on this issue right now. Everyone hopes that whatever policy he adopts will definitely be supported by the American people.

If anyone wants to check Trump’s effectiveness, you can go ahead and look at his first presidency. There are still things that we do not know like whether he will assume the promises he’s made in his campaign but this isn’t his first crack at the presidential role. He’s already led and we can check how he ran the white house back then. Might be quite different now since times has changed but you’ll probably get a general idea.

Policy reformation comes with a cost and how hard it hit the country depend on how they take the action. I don't leave in the US to understand their economic better than what we read online, but we understand ours better and how they work. Here in my country, someone thought the new government was going to be better than the previous ones and it turnout to be worse and we are still suffering the consequences of this new policies.

Here is what I think about some of the new policy he is trying to adjust and tackles together, I want to removed the tax cut because that's for millionaires and Billionaires that run business empire and I'm sure the first perron that will enjoy from that benefit is his friend, that's Elon Musk.

The increase on the new tariffs of foreign goods is a great way of preserving good health and making people to engage in agriculture..

All economy policies benefits the wealthy more whether we like it or not, it's only when there's an attack on the rich with over taxing them that's when they don't benefit from the economy policies.

I'm not a US citizen but from what I understood from his last administration was that, the US economy did very well under his presidency. It was until when the covid-19 pandemic came that things got unstable and it cost him his second term but he's back again and I believe he'll improve the US economy.

He'll learn from his mistakes and do things right this time around. He hasn't resume office yet so non of the policies are in full effect, we should wait until the handover is done then we can start judging him but I'm expecting much better economy from him than what Biden has provided.

But you forget that Mr. Jerome Powell was nominated by Mr. Trump in 2017 after Janet Yellen's term ended in 2018, and Powell's term lasts until 2026 . So Trump won't be able to replace him until his term ends . Additionally , the appointment of a Fed chair must be approved by the Senate , not just the president, so the decision to appoint someone cannot be left to Trump.

Trump cannot interfere with the Fed's interest rate decisions, but his economic policies will influence the Fed's actions on interest rates . If he can boost economic growth and reduce inflation , the Fed has no reason to maintain high interest rates when inflation is no longer high . Trump is the one who decides the direction of the US economy for the next 4 years .

Yes that is true, but this is like a similar scenario with the SEC chair where he could not fire but Gensler stepped down already. And relating that to the federal reserve,  while Trump "can't increase or decrease the interest rates", but he can indirectly influence it since he can appoint a  Federal Reserve chair.

Trump doesn't have control over the Federal Reserve and he can't increase or decrease the interest rates.
The tax cuts will be good for the economy, but the higher tariffs might be bad for some industries and good for other industries.
The budget deficit might hit absurd levels and this will boost inflation and probably increase the interest rates of the treasury bonds.
The biggest promise by Trump is reducing the government costs, bureaucracy and regulations. Let's see how much government costs can he cut. This might put the budget deficit under control, but I'm skeptical about his promises.

Analyzing all of this it's sure a huge revolution and i must say the policies will definitely be beneficial but then we ought to wait and see how it turns out to be, and yes his involvement in the economy is another huge impacts and we anticipate for the best out of it. To me I don't see a thing wrong in his new policies relating to monetary, taxes and trade cause it will amount to growth.

Trump is a nationalist in a good way
He is backed by industrialists, companies, big foundations,.... They benefit from a better US economy. US citizens benefit from a working US economy - jobs, wages, taxes. Job growth can cover part of the tax cuts, the rest will be covered by taxes on imported goods. Reducing dependence on imports is not only an improvement of the economy inside, but also a “solution” for the promised pressure on China, for example, which has a huge export flow towards the USA.

I don't have very good information about Trump's policies. I'm putting aside his Bitcoin policy, he was successful there and made good use of Bitcoin.
They say he will impose sanctions on taxes or customs duties, I'm not sure how the US will get in return.
On the other hand, I know he wants to completely eliminate US debts. In fact, his policies seem good for now, but only time will tell how they will be in practice.

If not properly managed it could be a disaster
Since lower tax reduces revenue and lower revenue increases debt
And the only way to combat this debt would be through more creation of currency which would in turn bring about inflation.
But if the economic growth that such tax reduction would facilitate outweighs the returns lost
Then it could help in improving the economy without risk of inflation.
Maybe this is where Bitcoin as a strategic reserve comes in
But curious how they would handle a big correction.

The cuts are for the rich not for the middle class.

I wonder if this will be a disaster for the USA

I think that Trump's goal is to return production to the USA and he tries to force companies by high import tax rates because otherwise Apple and other companies don't plan to leave China. Being dependent on China is a very bad case for the USA. His migration policies will lead to a negative economic impact because illegal migrants are the reason why they get some things cheaply. Thanks to illegal migrants, they have cheap labour to build houses, to do very dirty and physically demanding jobs and to work overtimes with a very bad compensation. If Trump reports illegal migrants, prices of many things will go up in the USA but long-term, such an environment will guarantee good job conditions for local citizens because I think that those Americans who grew up in comfort won't work as cheap labour.

It's interesting to see how his approaches will benefit the USA. I know that it won't benefit my country because there are many migrants from us in the USA. His strategy looks interesting. If he succeeds, then I believe that many rich countries will change their policies.

The world economy in the next 4 years will completely depend on his economic, domestic and foreign policies and our lives will also be affected by what he will do. So let's hope his policies are good for the economy rather than think they'll be worse.


Many people were disappointed when Trump was elected instead of the candidate they supported (Harris), they continued to doubt and say his policies were bad. But they need to know that whether they like it or not they have to face it, so instead of continuing to badmouth and put him down, let's hope together that he will create a better world.


I support him because I believe he will bring optimism to the crypto industry so I believe he will do well with the world economy as well.

Everything is still uncertain, because Trump has not been officially inaugurated. So hopefully Trump policies will be more comprehensive and can be felt by all small business actors. However, I do not know the details of the busyness of business actors in the US and it is very limited because I am not a citizen there. As far as my view of the US situation is that they are more advanced than us who are still a developing country.

In my opinion, Trump believes if you tax the rich less, they would use that money better than government could, and also if you d onto need taxes, because you cut the tax spending, that would pay for itself. That way, rich do keep their money, instead of pay taxes, and they would end up with spending that on growth, and help the nation more. Does this actually mean it will work?

Well since Reagan times, they have been trying trickle down economics and so far we couldn't see any benefit to the poor, when you give the rich more, they do not create more business, they still take their manufacturing somewhere else, the problem with what we are seeing right now is that we haven't seen rich share it, so the poor stays poor, while rich gets richer.

Thus it does not work just like what he just planned, new tax policy or any policy probably will become a law first, so it will be voted, first by the House then the Senate, if many voted yes, then it will become a law eventually, and so it does not matter only for the president to decide.

Tarrifs are generally a bad idea and well explored as a mistake in many administrations across decades in multiple centuries.   The reason for avoiding limits on trade is not theoretical its clear that both sides are worse off.

The wording to explain why you dont try to kneecap your opponents as a way to win economically is explained in something like comparative advantage though multiple people might claim the theory or have written it in their own way the principle should be quite simple.

On the other hand if China along with partners is determined to proceed towards war we are no longer just talking about good business and trade but survival in not enabling those who no longer value human life.

I see him as an actual businessman just as how it went for the first term he's got and with the news that I've read, he'll kick out undocumented and illegal immigrants which will be beneficial for the ones with actual citizenship. Friends to all which is good for business, for America. But we'll have to wait and see first how he would act when he's already on the seat. Right now, he keeps it on the topics that he'd make everyone amend the wars that are happening in different parts of the world where the USA has a huge involvement with most of them. Then, that would reflect for sure with the trade policies but again, let's wait and see how he drives and makes 'America great again'.

His policies will change on a whim like everything else he does - if bad news is triggered by a change he will back out. He is not an economics driven president, he is a popularist president and his opinion is dictated by current events. He will bend towards whatever he thinks will keep him popular, which is a rather weak person, but the one that a majority of Americans seem to think it an acceptable leader. I don't think expect him to fulfil all of his original policies, but that's true for most politicians in fairness. Even in his last presidency he said a lot of stupid stuff but the actions he took were fairly regulated, however his party didn't control the house and congress, so it could get a lot worse

We cannot say that this is good or bad before seeing the work that Trump is doing because in the end to judge that this step is good or bad it is definitely seen from the way of working and how he manages what he has currently programmed.

Now we just have to wait for him to do his job with the work he wants to do. Because after all, considering this good we have not seen the steps he has taken, and vice versa when considering this bad we still cannot say that because there is no evidence that has happened because he has not started his work.
The steps he took in carrying out his program must have been in consideration and indeed it may have targeted the local market from the beginning to be the first choice rather than imported products from outside so we only need to see whether this decision will really be able to be an answer and profitable for the Trump administration era or not.

I will correct you because that's not how tax cuts work and you are wrong indeed. It's not a tax cut for upper class or lower class. Trump's decisions are going to be a tax cut for rich people. So no, it doesn't benefit you. Quite the opposite. And what comes to his tariffs, consumers and small business owners that rely on import are suffering most.

And why shouldn't we speculate the impact of his promises? You are basically saying that "they might not be as bad as they sound". Are you saying he was too impulsive and vague, and didn't have a plan? Or that he lied and that's why we shouldn't?

Trump's economic policies have been a topic of debate lately. Personally I see a lot of potentials in his tax cuts, deregulation efforts, and focus on domestic manufacturing led to economic growth and low unemployment rates. Some other people may however, contend that his policies benefits only the wealthy. I really don’t see how his focus on tariffs will create uncertainty for businesses and strained international relations. These policies will continue to remain a concern I know, especially when it comes to how they affect social welfare and income inequality. Whether Trump's economic policies are viewed as good or bad depends on individual perspectives and the specific ways the economy affects them. Maybe I do not know enough to say, as I a not a resident or citizen of the US, so people there will have better understanding.

You are right, it depends on each person's beliefs and political views. If OP is a Democrat, it's not surprising or confusing that he finds Trump's economic policies to be bullshit and laughable. Conversely, Harris supporters, no matter how bad her policies are, will see them as right and very good. I am like you, I believe Trump will be better for the world whether it is economically, politically or the crypto industry and that is why I support him over Harris. But that is the future and no one can predict it, let's wait and see what the world will be like in the next 4 years under his leadership.

These policies cannot be implemented at thesame time because they will conflict with each other. Cutting tax and reduction is tax will lead to inflation. When taxes are cut people will have more money to spend which will lead increase in the price of goods and services. Reduction of interest rates will also put more money in the hands of citizens because people can access loans or credit with low interest.

These economic policies are applied based on certain conditions, it cannot be a long term policy. The FEDs have increased or kept interest rates steady for a long time. But it has been reducing for the last two months because of a decline in inflation and a reduction in job opportunities. Economists have predicted that if Trump implements these policies (together with his mass deportation) at once it will lead to high inflation.

Looking at this policies from the first to the last, first it gives a breath of fresh air for business owners who spend a fortune in running their business based operational cost, so a cut on tax too will certainly give them a relief which is good because it helps creates a business friendly environment for investors.

Increasing the revenue of state by taxing food importation which is a good way to build revenue because hence you have a lot of foreigners in your country that are always importing their local food to your country, there should be a percentage of tax from that importation accruing to the government coffers.
 However looking at the other policies you've outlined, I would say we should wait and see the effectiveness of this policies at least within a year or 6 months before we could give or pass judgment whether the policies are effective or ineffective.

as always some will win, some will loose.
Last century the losers where a lot quieter. 

It might depend where your political beliefs lie, as you may have some bias for or against anything Trump does or doesn’t do. Overall I think his policies are good, he’s a very successful businessman too so his decisions are likeoy to be better for growth & the economy than Harris’s would have been who was basically a public servant in her career.

Well, his economic policies remain to be seen, as he is still just a president-elect who has yet to take office.

Regarding his campaign promises, I doubt he got elected just because of votes from "wealthy" - it was probably more regular middle class people unhappy with how things are who wanted something different.  Sure, some of his ideas might help the economy overall.  But a lot of times those kinds of plans tend to benefit the rich more than regular people. We've seen this play out before, so it's hard to imagine things will look drastically different this time, even if he does try to put a spin on it for the middle class. It's all about who gets the bigger slice of the pie.

Well, these are his election promises! None of these have become a law yet. However, if these come into effect, both businesses and individuals are going to be positively affected.

Reduction of tax percentage and lowering of interest rate, are going to impact positively for majority of the society. So I believe, these are people pleasing decisions. economy impact is probably going to be negative because the banks are going to suffer.

Please wait until get gets to start his presidency in Jan. A lot to see to be honest!

While it's true that tax cuts and tariffs can look like they're handouts to the wealthy, their macro impact is a little more complex. Lower corporate tax rates, for example, are usually part of a policy package aimed at increasing local investments and jobs, but still engender considerable debate on wealth distribution. Similarly, while high tariffs can raise consumer costs, they're also intended to preserve US industries and equalize competition with global competitors, a bipartisan trade approach mirrored in recent US trade strategies.

Monetary policy, to take the possible Federal Reserve rate cuts in 2024 as an example, is a reflection of economic conditions, not political will. This reduction of interest may boost the economy, a factor that should be helping the rich and other fields. These examples are representative of the fact that many policies, while raising concerns about equity, are really about their broader economic intended ripple.

If those proposals become law, I think they’ll benefit America. After all, that’s why people voted for him, he aims to ensure Americans enjoy the benefits meant for them. These laws seem to push the idea that America is for its people. Whether it’s ultimately good or not, we’ll have to wait and see the results before making any conclusions.

1 and 2 are in contradiction with 3 because they have the potential of causing inflation and FED can not lower interest rates if the inflation goes up high.

1) Cutting taxes will reduce government income. A government that has an increasing expense and is facing a bigger budget deficit every year. If they cut their revenue, they'll face an even bigger deficit. We all know the only thing governments know to do during deficits is to print more money therefore causing inflation.

2) Like his last term (https://taxfoundation.org/research/all/federal/trump-tariffs-biden-tariffs/), intensifying the tariff war will only cause higher inflation in the US.

3) With 1 & 2 causing higher inflation, the FED can not lower interest rates. In fact they may increase it to an even higher value which means an even worse recession in the US.

So are these policies are good or bad? We have to wait and see what he actually does and how they'll affect the US economy (6 to 12 months before we can give a better analysis); but for now they don't look good on paper.

I'm relying somewhat on this article but adding my own thoughts.
High taxes on imported goods will likely help local manufacturers and businesses, but as reliance on China is very high, I think some industries will be severely hurt because of the lack of domestic supply. His tax cuts will benefit the wealthiest the most, but can also be somewhat beneficial for small businesses. His migration policies will likely lead to negative economic impact, even though politically, they will be satisfying for a large part of the population.
Overall, I think his approaches are risky, likely very good for very powerful people but pretty bad for the economy overall.

During his first term Trump often referred to the stock market as an indicator how well he was doing. And his image as a deal maker and business man is important to him. No different his second term. And when printer goes brrrr stock market goes up (and btc!).

Let the man assume office before all this speculations and I think it's fair to access if a policy works or not after at least first hundred days in office.
Policies are still subjected to changes he can have some interactions with is trusted team and may be make some adjustments for now all this are propositions.

Also going by what you just wrote I would really like to understand how it benefits the wealthy. In addition Donald might be a billionaire but you hardly find any president of the United States of America who is a poor man or doesn't have wealthy friends, let's be honest. So thinking that Trump's policy would benefit the wealthy because he is one is unfair.
Correct me if I am wrong TAX CUT is something that would benefit everyone both the upper class and the lower class?

The title is a bit misleading. Everything has two sides, and after analyzing it broadly, it's clear that, true to his nature as a businessman, his economic policies tend to benefit the wealthy.
1.Tax Policy:
He proposed tax cuts amounting to trillions of dollars, including expanding the 2017 tax cuts and reducing the corporate tax rate from 21% to 15%.
2.Trade Policy:
He planned to impose new tariffs of 10%-20% on most foreign goods, with higher tariffs on Chinese products (at one point, up to 60%), and heavy tariffs on Mexican automobile products (even threatening to reach 200%).
3.Monetary Policy:
The Federal Reserve should lower interest rates to stimulate economic growth.