The economic consequences of a Trump US Presidential Victory?

Filo25

Thrugelmir wrote: »

Why the hang up with trade. Trade isn't the be all and end all. Far more important matters to be addressed.

What are the more important matters out of interest?

Trade is a pretty big part of the Brexit story and Trump's victory.

I doubt Trump would have won the election without his promise to put up the barriers and bring manufacturing jobs back to the Rust Belt (whether he has any intention of trying to achieve that is open to question of course).

Equally a lot of the Brexit supporting group on here and in politics have called out the advantage of being able to have free trade with the rest of the world as part of the Brexit process (a point on which I have some sympathy with them).

Filo25

Conrad wrote: »

I and people like Trump are all for trade deals as long as they aren't counter-productive and self harming.


The Chinese are terrified of Trump, I saw this video of him saying how he will deal with them, and I reckon he will get a better balance as a result. Too many trade deals harm western nations unnecessarily

I would say all of the Emerging markets are terrified of Trump.

Have you seen anything to indicate that Trump is in favour of widespread free trade, everyone seems to accept that both TTIP and TPP are dead in the water so I'm not sure where that leaves him in terms of what would be an acceptable deal?

There will always be individual winners and losers in any trade deal, but generally trade does improve the world's standard of living, its the good old basic theory of comparative advantage.

Sure you can pull manufacturing jobs back to the US, but consumers will need to accept that they will ending up paying more for their manufactured goods, the reason so much low end manufacturing is done in Emerging markets is pretty simple, its a lot cheaper to do it there.

Then of course if you go down the protectionist route, you get retaliation from other markets as well, which ends up hurting the areas of the economy where you are comparatively strong.

Conrad

Filo25 wrote: »

Sure you can pull manufacturing jobs back to the US, but consumers will need to accept that they will ending up paying more for their manufactured goods, .

1) You significantly reduce corporation tax
2) You significantly pull back on regulatory largesse plastered upon us over the years by naïve wonks such as Joe Swinson MP that have never created a job in their lives


People want the dignity of fair paid work, and not a load of non jobs that happen to have loads of so called employment rights


All this in addition to good education and the right investment (we waste so much money of FA and compensation, not to mention the daily £28 million EU fee etc)


The liberals offer a council of despair that asserts there's nothing we can do about globalisation, we just have to suck it up. No we don't




I've long argued on here (a lone voice in the land of money savers) we all ought to respect one another a little more and not expect one another to work for as little as possible.

Crashy_Time

HAMISH_MCTAVISH wrote: »

That may be your perception but the facts disagree with you.



:rotfl::rotfl::rotfl:

A year of a temporary populist blip in no way makes your blinkered worldview even remotely accurate.



Sure.

Anti-EU parties will not become the majority party of government in any of the countries you listed. None of them will vote to leave the EU.

By 2020 the number of countries with membership of the Single Market will be the same as it is today.

The current fad for populism will be over in a few years once it becomes abundantly clear the populist leaders/movements have lied through their teeth and cannot deliver any material change to people's lives.

Are the "rents soaring" in Aberdeen yet Hamish?

veryintrigued

islandannie wrote: »

I will be celebrating the fact that you lost money on a lost cause.

Hilary will win.

How did that party go?

Crashy_Time

veryintrigued wrote: »

How did that party go?

:rotfl::rotfl::beer: