ECONOMIC POLICIES, ANALYSIS, AND RESOURCES
The Economic and Trade Policy Domain tracks and reports on policies that deal with budget, taxation, and finance issues. The domain tracks policies emanating from the White House, Congress, the Department of Commerce and the Department of Treasury.
Latest Economic and Trade Policy Posts
Does the Administration’s Tax Cuts and Job Act Mean Trouble for GOP in Upcoming Election?
With the midterm elections quickly approaching, speculation continues to mount as to how much of an impact the Trump administration’s policy will have on the impending elections
As Chinese Import Tariffs Threaten Technology Sector, Trump Offers Manufacturing Proposal
he Trump administration’s tariffs on Chinese imported goods have been problematic for both U.S. manufacturers and consumers. These policies have been numerous, adding up to billions of dollars’ worth of Chinese manufactured goods that U.S. companies depend on being severely affected.
Trump Progresses with NAFTA Re-Negotiations–Could Leave Canada Out of New Deal
Donald Trump has made no secret of his feelings regarding the North American Free Trade Agreement (NAFTA). He’s described it as the “worst trade deal in history” despite the numerous benefits that the U.S.
Executive Order Issued by President Trump Indicates His Stance on Federal Unions
Donald Trump’s 2016 presidential campaign was filled with promises that involved helping restore union-dense industries such as coal and manufacturing. With these in mind, as well as his promises regarding infrastructure, it is hardly surprising that his support among union members was quite high.
Income Inequality under Donald Trump Indicates Superficiality of Current Economic Growth
Throughout his time in office, Donald Trump has never shied away from touting the economic growth that the country has seen during his presidency. He’s boasted about job growth and the healthy stock market and G.D.P. It doesn’t stop there, though Trump has continuously touted the benefits of the global trade war brought on by his administration’s tariffs, despite overwhelming evidence to the contrary.
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Federal Budget Deficit Rises Under Trump Administration’s Tax Cuts and Concerns
Tax cuts were one of the primary elements that Donald Trump used to garner voter support during his 2016 presidential campaign. He spoke of tax cuts that would improve the lives of citizens nation-wide, never alluding to the potentially negative effects that could also stem from such a maneuver. He pitched these tax cuts as if they were a solution that could easily fix the economic problems the U.S.
Trade, Not Aid: $12 Billion Aid Package for American Farmers Is Met with Mixed Responses
As the chaos and confusion of the trade war continue to prove problematic on both domestic and global levels, President Trump has attempted to offset the damage done to a critical part of the U.S. economy.
Early Effects of Trade War Caused by Trump Administration
These international tariffs are not designed to only target agricultural companies, though. Some U.S. companies are feeling the impact of the steel and aluminum tariffs more than once. Florida-based boat manufacturer Correct Craft has been affected by both domestic and global tariffs. The Trump administration’s aluminum tariffs have also led to increases in prices of the American-manufactured steel used by many boat makers, as have the retaliatory tariffs imposed by international competitors, leading to a decrease in revenue and with it, a loss of opportunity to expand operations and hire more workers.