United States: Economic shift under Trump?

The American election is now over: Donald Trump is back in the White House. After the decisive victory, he intends to develop an ambitious agenda for the United States, where the economy, energy sovereignty and immigration management will take center stage. Between tariff increases, tax breaks and support for national production, Trump wants to redraw the map of international trade. His detailed plan.

US elections: the return of Trump with a protectionist agenda

Given its 4 bitcoin promises, Donald Trump he also wants to mark his return protectionist measures . For him, the United States must regain control of your economy by renegotiating their trade agreements and reducing their dependence on imports, especially China.

Specifically, he proposes to establish duty of up to 10% on all foreign productss, with peaks of 200% on some cars imported from Mexico. This policy, justified by thatdesire to reduce the trade deficithowever, it could lead to increased inflation, a point of concern for many economists.

The Trump plan is PROVEN.
The Trump plan is COMMONSENSE.
And the Trump plan PUTS YOU FIRST.

🇺🇸Cut taxes/reduce inflation/spark growth
🇺🇸Unleash American energy production
🇺🇸Deport illegals/secure the border
🇺🇸Reimplement "Peace Through Strength"
🇺🇸Get-out of endless foreign wars pic.twitter.com/gG7w7NQT5q

— Byron Donalds (@ByronDonalds) October 4, 2024

Trump wants to attack China drastically reduce Chinese imports of technological, pharmaceutical and steel products. Eventually, he even plans to ban Chinese companies from acquiring strategic assets in the United States.

These measures aim to to restore the competitive advantage for American companieswhile discouraging cheap imports that Trump says weaken the national economy.

Key points of business metrics:

• Tariffs of 10% on all imports;
• Tariffs of up to 200% on cars imported from Mexico;
• Gradual reduction of Chinese imports of technological products;
• Prohibition of Chinese companies holding strategic real estate.

Donald Trump: energy deregulation to lower bills

Donald Trump advocates on the energy front increasing independence by supporting the domestic oil and gas industry. This return to liberal energy policy aims to lower energy prices for American households and businesses. That’s how he hears double drilling on federal lands, unblocking gas pipelines and even reintroducing oil drilling in the Arctic National Reserve.

According to him, more domestic energy means less dependence on imports and therefore a strong position in the face of international fluctuations in energy prices.

Trump also promises disengage the United States from the Paris climate accordsbelieves that fossil fuel production remains key to the country’s competitiveness, especially in the field of artificial intelligence. His vision is based on a increasing nuclear production support energy competitiveness efforts.

Its opponents, especially environmentalists, see it as the threat of the energy transitionbut Trump insists it’s about guaranteeing access to affordable energy for all Americans.

Economy: targeted tax cuts to increase purchasing power

Donald Trump also continues his crusade for reduced taxation. His first step as president will be to preserve the 2017 tax cuts and consider other relief aimed at both individuals and businesses.

According to Trump, the middle classes will especially benefit from these measures family tax credits and interest caps on credit cards.

for businesses, reduction of the tax rate to 15% is planned with the hope of encouraging more companies to repatriate their production to American soil.

However, these promises of tax cuts raise the question of the national debt. Economists say such a policy could increase the federal debt, a risk the Trump administration appears willing to take.

With regard to strengthening American competitiveness, the businessman also wants to tax-exempt gratuitya measure that will appeal to restaurant and hotel workers.

Finally, Trump’s tax relief plan includes promises of support for family carers and pensioners. To that end, he is considering tax credits for auto loan interest and deductions for medical expenses related to caring for a loved one, bolstering his image as a protector of American workers and families.

So the return of Donald Trump marks a turnaround for the United States: a combination of protectionism, energy deregulation and targeted taxation, he hopes. reposition the American economy as a world leader. By backing Bitcoin, a cryptocurrency that pushed him above $75,000 during the vote count, he was able to push his ambitions into the cryptocurrency world.

DISCLAIMER OF LIABILITY

The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.