Trade, Climate, and Global Conflicts: The Potential Impact of Trump’s Policies
A potential return of Donald Trump to the U.S. presidency could reshape a broad range of policies, from trade and climate to taxes, immigration, and the ongoing war in Ukraine. Many of Trump’s proposed changes would need approval from Congress, yet his stated priorities suggest significant shifts across multiple areas. Below is a summary of the key policies Trump has expressed intentions to pursue:
Expanding Tariffs on Imports
Trump has proposed a blanket 10% tariff on all imported goods, which he argues would help eliminate the U.S. trade deficit. However, critics warn that such a measure could drive up consumer prices domestically and destabilize global trade. Trump has also expressed a desire to have greater authority over setting tariffs on countries that tax U.S. exports, specifically suggesting a possible 200% tariff on certain imported cars to curb automobile imports from Mexico.
The European Union, a key ally, could also face increased duties on exports under Trump’s trade policy. Additionally, he aims to phase out Chinese imports of products like electronics, steel, and pharmaceuticals over a four-year timeline and to prevent Chinese ownership of critical U.S. assets in the energy and technology sectors.
Tariffs, according to Trump, represent not only a tool to reshape trade balances but also a means to generate revenue for the U.S. government.
Plans for Mass Deportations
Trump has committed to reinstating policies from his first term focused on curbing illegal border crossings, along with introducing new, more extensive immigration restrictions. His plans include a sweeping deportation initiative that would mark the largest such effort in U.S. history. If pursued, this move would likely face substantial legal hurdles and resistance from congressional Democrats.
To achieve this goal, Trump has proposed deploying the National Guard and possibly federal troops, with a willingness to consider detention centers for processing individuals awaiting deportation.
Source: Knews