What Trump's nominations say about where trade and other economic policies might go

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What Trump's nominations say about where trade and other economic policies might go

//business-finance.news-articles.net/content/202 .. -trade-and-other-economic-policies-might-go.html

Published in Business and Finance on Friday, December 6th 2024 at 7:00 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Some of Trump's Cabinet picks have raised hopes that his policies will not be wildly disruptive or bring back inflation. That may be wishful thinking.

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The article from MSN discusses the implications of former President Donald Trump's potential economic and trade policies should he return to office, based on his recent nominations for key economic positions. Trump has nominated individuals like Robert Lighthizer, known for his tough stance on trade, particularly with China, suggesting a continuation or intensification of protectionist policies. The nominations indicate a focus on reducing trade deficits, renegotiating or withdrawing from trade agreements like the USMCA, and possibly imposing new tariffs. Additionally, there's an emphasis on bringing manufacturing jobs back to the U.S., which could mean more aggressive trade negotiations and a potential increase in domestic production incentives. The article also hints at a broader economic policy shift towards deregulation, tax cuts, and possibly revisiting tax reforms, although specifics on fiscal policy remain less clear. Overall, Trump's choices signal a return to his previous administration's economic playbook with a strong emphasis on America First policies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/markets/what-trump-s-nominations-say-about-where-trade-and-other-economic-policies-might-go/ar-AA1vnYfM ]