The backdrop for these economic shocks: international chaos. Huge tax cuts that Trump pledged would require either massive cuts in government spending (and resulting job loss) or vast increase in debt. climate-change programs, the Center for American Progress says. universities and laboratories would be hit by Trump’s pledge to cancel payments to U.N. Simultaneously, Trump pledges to deliver an immediate blow to local-government finances, cutting off hundreds of millions of dollars in public safety and other funds to “ sanctuary cities.” U.S. This would mean the loss of health insurance for 24 million Americans, and mass chaos.Īt the same time, Trump would deliver a shock to labor markets: He would, on his first day, begin the deportation of more than 2 million “ criminal illegal immigrants.” The liberal Center for American Progress calculates this would cost $20.1 billion, and there’s only enough funding currently to deport 400,000 per year. Recession would come within a year - unless further economic shocks bring about a 1930s-style depression.Īnd where would such a shock come from? Well, Trump has said he would ask Congress, also on his first day, to repeal Obamacare. A Moody’s report done for The Post predicts a net cost to the United States of 7 million jobs. In the ensuing trade war, American consumers would be unable to purchase products they rely on, and inflation would soar.Īmerican businesses would lose hundreds of billions of dollars in exports. He favors 35 percent tariffs on Mexican imports.Ĭhina and Mexico, thrown into recession, would likely retaliate by blocking U.S.
#Trumps hundred day plan free
Likewise, he would on his first day announce that he would renegotiate or (more likely) withdraw from the North American Free Trade Agreement. Trump said he would seek a 45 percent tariff on Chinese imports. Trump has said that on his first day in office he would label China “a currency manipulator” - kicking off punitive tariffs. (Logan Cyrus/Agencce France-Presse via Getty Images)
Oh, and the Fed would be audited, and guns would once again be allowed in schools - thank heavens.ĭonald Trump gestures after speaking at a campaign rally. Trump has given a clear picture of what he plans, and the rest would be filled in by events beyond Trump’s control.Īmong things you can expect: a trade war with China and Mexico, a restarting of Iran’s nuclear program, millions losing their health insurance, the start of mass deportations, a possible military standoff with China in the South China Sea and North Korea, the resumption of waterboarding, the use of federal agencies to go after Hillary Clinton and other Trump critics, the spectacle of the commander in chief suing women who have accused him of sexual misconduct and a constitutional crisis as the president of the United States attempts to disqualify the federal judge in a fraud suit against him because the judge is Latino. But we don’t have to wonder what the first 100 days of a Trump presidency would look like. Comey has dedicated the FBI to the election of Donald Trump, a remote possibility is a serious prospect. In the early hours after this year’s Brexit vote, the top Google searches on the topic by shocked Britons were “what does it mean to leave the EU” and “what is the EU.”
0 kommentar(er)
