Will Triumphant Trump Change the Face of Global Economy As We Know It?
Nov 09, 2016 | Industrial Automation | Future Market Insights
By sweeping all the major battleground states of US, Republican Donald Trump is the new President-elect of the United States of America. The thumping victory of Trump has not only ducked all election foresaw, but it has also unleashed a new political revolution in America. The non-political pedigree of Trump and his strong political discourse on some of the key issues paved his way into the hearts of millions of citizens of America. He jumped into the poll fray with a bang and during the poll campaign he accumulated much support of the voters through his simple yet hard hitting poll pitches. He spoke elaborately on regulatory reforms and energy development; stressed on legal immigration; and last but not the least the abrogation of Obama Care. The 45th president of the U.S. has swelled the hopes of all Americans. He has skillfully projected himself as the new avatar of economic reform.
An unconventional global president
Trump is the new reality of America. His journey from a reality TV star to President is long and interesting. In his inaugural speech President Trump said, “I pledge to every citizen of our land that I will be president for all Americans.” In his first public outreach he has completely changed his approach towards his political adversary Hillary and applauded her for her contribution to the nation. He also said, “For those who have chosen not to support me in the past, of which there were a few people, I’m reaching out to you for your guidance and your help so we can work together and unify our great country.”
We believe that he is slowly slipping into the grand attire of a Global President. The political neophyte will now be the torchbearer of this grand economy. We definitely believe that the role of being an American President extends beyond the walls of the White House. Every forthcoming step of Donald Trump will have a massive impact on the socio-political, environmental, and economic sectors. Trump’s war against ISIS, immigration, and climate change will be minutely observed and gauged by the world. Will his economic reforms snatch jobs from Indian or Chinese markets or will he successfully create a parity in the market with his able business acumen? Donald Trump’s staggering poll victory has thunderstruck the media and political hawks. To fuel the poll heat he said that he will deport “more than two million criminal illegal immigrants” out of the U.S. But history projects a completely different picture. As per White House records, 18 percent of immigrants contribute significantly to the country’s revenue and they are instrumental in strengthening the U.S. economy through their small business ventures. So we believe that the new President will change his stance on this issue and we are much confident about it that Trump being a businessman turned President will never underestimate the power of profit.
He also promised a massive tax slash during the poll bout. This is another big challenge for the newly crowned President. The tax deduction means a massive revenue loss for the government. Every year the country spends a massive amount of money on anti-terror measures and also to keep the economy afloat in this adverse economic climate. The tax reform measures will not only have a bulk impact on domestic economy but shall also affect the global export market.
By barricading Mexico, U.S will hamper its exports. As per records the trade between US and Mexico has soared in the last few years. Presently, America ships out massive proportion of goods to Mexico every year. This entire export mechanism creates more than five million jobs in the U.S. So if the President sticks to his pre-poll promises then surely his followers will have to pay a heavy price for their decision. So being in the shoes of a President, Trump should shelve his pre-poll gibberish and stick to the reality to pull back the sulking economy of the country and generate jobs for the millennial population of the U.S.
It’s time to look South-East for the U.S.
The bear hug politics of Indian Prime Minister Narendra Modi has opened new corridors of development and growth between India and the U.S. After a long political haul both countries are enjoying this newly found honeymoon. A better business-to-business and people-to-people bonding has created a better business friendly bilateral climate, which further opens a new virgin market for the U.S. The U.S-India partnership in future will strengthen the economy in many ways. The pre-election jibe of Mr. Donald Trump on outsourcing is a reverie. As India is not only offering an open market to U.S. entrepreneurs, in addition the country is providing a massive pool of affordable and highly skilled manpower that can accomplish targets within certain pre-defined time limits. The Indian outsourcing market has benefitted many Fortune 500 companies and helped them survive in the global economic slowdown. The outsourcing market of India is surging with passing time and it will surely play a pivotal role in restructuring the economic infrastructure of the country. So our hopes are riding high on President Trump that he will swipe away the outsourcing phobia from the psyche of American citizens and will show them the larger canvas of open market economy.