11/10/24
What Trump's Presidency Means for the Future of American Businesses and the Economy
Author: Arav Sachdeva
Editor: David Sun
Donald Trump, the newly elected president going into his second term, has made new and important changes to the business world in America. Trump has many ideas that he plans to implement, which we will discuss in this article.
Firstly, Trump wants fewer regulations and taxes for large corporations which may allow for lower prices and a greater supply of products. It will also enable more reinvestment into the company and help these companies expand. This expansion will increase job opportunities for the people of America and keep the workforce flowing faster than before. Trump’s plans will help the American economy thrive and corporations to expand and provide more efficient products to consumers.
Secondly, global markets have already been rising since Trump's election win because of the expectation of his economic influence. Many investors believe that Trump's influence will increase the profit and growth of large companies like Tesla. This prediction signifies economic growth and stability over the next few years and more affordable consumer products.
Lastly, Trump plans to increase tariffs on other countries to help gain revenue throughout the government. Although this worsens inflation, Trump states that the tax cuts will offset the impact of the tariffs. This will help America’s government gain revenue while also helping consumers with the offset of tax cuts. These two will combine to make a grand economic impact, which will leave America more advanced.