Topic: Trumps effect on the economy. (Read 1554 times)

I wouldn't like to grade Mr. President of Donald Trump is negative or positive for United States. The fact Donald Trump always creates speculative and controversial policy in many aspects. Recently he has just created very controversial policy that has a huge impact for other countries around the world especially for two countries that suffer economic crisis. Based on I ever read, he is expert in economic management, even he is better than recent president of US in economic side.

Trump is  a bussiness man and a billonaire, and of course he is very good at business. What he did for the US economy proved his talent! The economy has grown well, unemployment has fallen, businesses have returned to the United States, the Dow Jones Sustainability Index, restructuring a series of trade agreements bring greater benefits to workers. And most importantly, to reduce the trade deficit by hitting hundreds of billions of dollars in taxes on China, i really like this! Everything always has two sides but I think what he has done is positive for the US economy!

I don’t have an access to the full statistical information but I keep an eye on modern trends of the American economy. The most controversial issue for me is trading laws. Say, Trump tries to protect national producers, so he imposes trading restrictions on partner countries. It’s not the embargo yet but the situation looks like a sure step to it. I think, this is extremely dangerous for a national economy. Trump’s effect may be too negative in the long run just because of the level of the world’s globalization.

 The sad part is that we allow USA to be this dominant in the economic market for the whole globe. There is this economic crisis going around in Turkey for example from what I read from newspapers and it does not affect the whole world however when the housing market collapsed on USA in 2008 some countries were going bankrupt, I mean COUNTRIES were going bankrupt because housing market collapsed in USA. That is as high as you can get on letting just one country rule the world. All countries should try to force a way to make their economies grow internally so when someone like Trump becomes president of USA, we do not get screwed indirectly because of it.

When it comes to political judgments, its always subjective despite the facts that surrounds it. Its only few people who are known to be independent in their opinion that would really see that great strides are being achieved by the government in power.

During the time of Obama when he made several improvements and claims about how better they have left the economy, to some people, he is the mistake of the century and the worst person to have been elected to the oval to manage the affairs of Americans.

The same thing is what is happening here too and based on the replies I have read, its divided. The core or those who have democratic views would not see anything positive in the economy while the core Republicans that even put him there and subscribed to those ideals, would argue that things are being done  in achieving the American dream.

No matter the statistics, for every action, there will surely be a reaction in that for every positive strands, some other people are feeling the brunt of that decision and everyone would always speak based own personal experience.

Yes, but I'm not saying that the US should necessarily resort to military action. Regarding making others pay their bills, this has been in the books for a few decades already. If you think this is not the case, then what is the US national debt really? If you ask me, it is exactly that, the whole world paying Uncle Sam for his bills.


But we don't know the whole story. Perhaps, they keep the spending beast on a short leash and employ the optimal strategy in this situation. We all know that no debt is better than some debt, but when everyone is indebted you just need to be indebted a little less than the rest of the pack with an allowance for your economic and military muscle. Further, recall the quantitative easings that the Fed had been running for a few rounds. Everyone was expecting the economy should soon switch into a hyperinflation mode but it didn't happen.

That's an interesting topic, one I'm not certain I know the answer to.

When the former Soviet Union (USSR) ran into issues with debt they weren't able to cover their costs by resorting to military action or forcing others to pay their bills. Most powerful nations on earth have far more debt than liquidity. Forcing foreign nations to cover your debts could be more expensive than paying off debt directly.

Prevention could go a long way. When disaster strikes in terms of severe economic or social upheavel it can take decades to fix things. Preventing tragedies associated with deficit and debt from occurring is the only sound strategy.

Trump's effect on the world economy is tremendous. Perhaps he is the first president who is focusing on the economy so seriously. I like that he is focusing on the real business and help producers. I suppose that the Americans fell positive changes since the beginning Trump's reforms because even not living in USA lots of people have already felt various changes which has effected them. Every Trump's report, statement and even word has a tremendous effect almost instantly. We may also have a look at some countries which Trump visited. As far as I know there were various big changes after his visit. Let us have a look at the stock market it is on the historical peak. I am absolutely sure that currently Trump is the most principal politician in the world.

Listening to the month old Donald Trump's report on economic growth under his presidency we may notice that he's exaggerating the achievements. For example, he's saying that that the U.S. economy grew at a 4.1 percent annual rate between April and June 2018, while according to Commerce Department data it has grown at a 3.1 percent annualized rate in the first half of 2018. He's saying: “We’ve added 3.7 million new jobs since the election, a number that is unthinkable ..." While experts say it's not unthinkable at all, but was rather predictable, because the economy has been adding jobs since 2010, and it's actually a bit down compared to the prior two years. etc. etc. Nevertheless, we can't deny the fact that the U.S. economy is getting better under Trump’s presidency.

I don't really know the current situations of that country because i'm not an American people but as far as i know Trump has been made unbenefit decission for America people even some of them has decide to hate their president but people who come from outside America does not really know situations of this country since he has been inaugurated as president and i think this question will belong to American people

Like any president, Trump is taking credit for good economic news. He’s highlighted rising stocks and falling unemployment. But Trump also, famously, regards trade deficits as a sign of economic weakness. And for people who worry about the fact that the U.S. buys more stuff from other countries than it sells them, the news has not been so good. The latest release from the Census Bureau and the Bureau of Economic Analysis notes that the trade deficit was 12% higher from January to October 2017 than during the same period of 2016. The trade deficit with China, a particular concern of Trump, is up even more.

How can he lift the economy when he is waging trade wars with other nation like China? And the tax cuts, yeah it could bring confidence in the government, but I think it has negative effects as well. Besides, he inherited a good economy already, what he needed to do is improved it, however, he made a lot of policies that can have negative impact on America in the long run.

yes you are right, I hate to admit that.
Behind his arrogant attitude, trump brings progress to the American economy and I think it's a good achievement for America.

All I know is Trump had break its barriers from Russia and North Korea for the sake of his people. Whatever his real agenda is, one thing is for sure, that he really cares for the safety of his countrymen. And this one big step had open bigger opportunity to each country and will lift the economy, even in slow phase.

Maybe it is actually a good thing for the US economy if he renegotiates
some of these trade deals. If you start to look at some of the details
regarding the trade deals, you will come to a different opinion
about Trump´s trade war.

E.g. the mainstream media ridiculed Trump for claiming that Canada imposes
ridiculous tariffs on certain goods (e.g. a 270 % tariff on some dairy products).
After looking up the facts on this issue I have to say that Trump was actually correct
and the numbers are exactly as he claimed.

President Trump inherited an economy that mostly grew at a moderate pace during the seven years of the Obama administration. This expansion continues and, sometimes, increases under the Trump administration, where the stock market rises to the highest level in the first year of his tenure.

I don't think it is technically possible. While Trump is a president, making decisions on government spending is not his prerogative as far as I know. The final word is on Congress, so if the US is going to turn into a Venezuela, it won't be specifically because of Trump going nuts. Apart from that, we shouldn't forget either that the US is not Venezuela in the sense the former can allow itself to indulge in excessive government spending as it can make the rest of the world pay for it, Venezuela included. But isn't that exactly what Trump is hellbent on doing anyway? Whenever I hear him say something, he always ends up saying that [put some country here] should pay for something or bear some part of the expenditures that Uncle Sam is allegedly making for their protection or whatever.

I wish Trump would talk more about the tax plan originally posted on his personal website where he proposed cutting income taxes for poor people and lowest income earning americans from its current 30% or so rate down to 0% to 6%.

I imagine Trump's proposed tax cuts were a big part of the reason many initially supported him. Its sad to see not much progress has been made there. Most are completely unaware those income tax cuts were part of Trump's original tax plan.

The economy appears to be doing well atm. Spending is still raging out of control. There doesn't appear to be much anyone can do to marginalize that. That's the most criticial issue atm. The media could help a lot by informing people that their country could actually go bankrupt if overspending isn't fixed. And that the implications of such a thing could be lost pensions, welfare, unemployment benefits. Many services and jobs provided by the state would disappear. There is a lot of aging infrastructure which funding could not be appropriated to maintain. Within a worst case scenario the USA could end up like venezuela if spending continues unchecked.

An example of a recent infrastructure fail are new orleans levees breaking during hurricane katrina. That was due to levee maintenance funds being re-appropriated towards the iraq war effort. That type of thing could become more common, unfortunately.

What do you mean by financial scandals dragging the dollar down now? The dollar has been on the rise recently. Yes, it hasn't yet reached its all time highs (I refer to USDX as a measure of the dollar's strength here), but ironically, before becoming a POTUS Trump had been eagerly preaching for the weak dollar, while right now the dollar is in fact strengthening against other major currencies. Regarding OP's question specifically, the consensus has it that Trump, despite all his controversial rhetoric, knows what he is doing, at least with respect to economic matters.

Knowing that the Dow and Wall Street is performing pretty nicely as of late, so far Trump's administration had been delivering good results for the US economy. However, on the darker side of things, with the recent trade tariffs imposed on several countries, the US is silently making enemies in the process, albeit that rivalry is somewhat restricted on trading and nothing else. However, if we put things under a microscope, we can see that the changes Trump made for America isn't panning out well, with unemployment rates getting higher, tax cuts not doing anything substantial for the Americans and most especially, the quality of is still, more or less the same. Though Trump is a businessman by trade before he sat as the POTUS, I can say that he isn't an amazing nor a bad leader, just your average guy with temper issues.