As the dust settles after one of the most turbulent presidential elections in American history, many are questioning whether President-elect Donald Trump will deliver on his economic agenda and — assuming he follows through on his campaign promises — what impact his policies will have on the United States and the rest of the world.
On the campaign trail, Trump repeatedly pledged to create manufacturing jobs by imposing a 10% tariff on all imports and up to 60% on Chinese goods. He also vowed to punish American companies that produce goods overseas, deport millions of undocumented immigrants and make it harder for migrants to enter the country and compete with American workers.
At first glance, Trump’s vision of a “manufacturing renaissance” may seem appealing. Given the election’s outcome, it has clearly resonated with voters. Financial markets also reacted positively: After the election was called, the dollar rose against most major currencies and the S&P 500 recorded its largest weekly gain in a year.
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