Trump's Second Term Focuses on Trade and Economy

Donald Trump's anticipated second term could bring significant shifts in U.S. trade, immigration, and economic policies, with proposals for increased tariffs, heightened fossil fuel production, and tax reforms aimed at stimulating growth. His administration's previous focus on protectionism, notably through the renegotiation of NAFTA into the USMCA and the initiation of a trade war with China, reshaped global trade dynamics and domestic manufacturing. Critics of Trump's tariffs argue they may raise consumer prices and provoke retaliatory actions from other countries. In terms of immigration, Trump aims to reinstate mass deportations and a travel ban on Muslim-majority countries, intertwining economic and national security issues. Economic strategies may include tax cuts that benefit higher-income earners, potentially impacting the housing market amid rising tariffs. Overall, Trump's return could reignite debates on economic nationalism and its implications for both domestic and international markets.