The Invisible Hand of Donald Trump
The election of Donald Trump last November stunned the world and electrified the markets. Martin Wolf reflects on the Trump economic doctrine
Donald Trump鈥檚 surprise elevation to the office of president last November stunned the world and electrified the financial markets. Promises to cut red tape, bring huge infrastructure projects to life, and sort out the byzantine American tax system propelled Wall Street to record highs. It鈥檚 called the Trump Bump. Yet Trump's protectionist rhetoric simultaneously created fears of a global trade war.
Martin Wolf, Chief Economic Commentator of the Financial Times, reflects on what Trump has accomplished in economic terms in the year since the election heard round the world. Financial systems are recovering from the calamities of the last decade, but that improvement was well under way before Trump took the helm of the world鈥檚 largest economy. New proposals from the administration are stalled for lack of clarity, infirmity of purpose and political disarray. This doesn鈥檛 mean that President Trump鈥檚 decisions on everything from trade tariffs to the Federal Reserve will not send ripples around the globe in the years ahead. He鈥檚 vowed to deliver tax reform, build a
wall, bring jobs home and tear up trade treaties. Will these promises still be delivered? If they are, what might follow?
Producer: Sandra Kanthal
(Image: Donald Trump, Credit: AFP/Getty)
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- Wed 8 Nov 2017 11:32GMT大象传媒 World Service except News Internet
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