Question

Put your opinion in 3 paragraphs????
  
How has the situation changed since the beginning of 2017? (new President)

“We will have two simple rules when it comes to this massive rebuilding effort, buy American and hire American,” said President Donald J. Trump. In April 2017, President Trump signed an executive order promoting American industry and protecting it from unfair competition. With that being said, President Trump is taking action to enforce laws promoting American industry and targeting companies (such as India’s IT outsourcing Infosys) who routinely abuse the H-1B visa program by replacing American workers with lower paid foreign workers.

Another example of change since President Trump took office is that he started a trade war to destroy China’s economy. Fast-forward to 2018, he tweeted that—“Apple prices may increase because of the massive Tariffs we may be imposing on China. Start building new plants now.” In November 2018, President Trump he signed a new trade agreement with Mexico and Canada (US-Mexico-Canada Agreement aka USMCA) to replace NAFTA. With that being said, some of the specifications of the agreement requires that 40% of cars eventually be made in countries that pay autoworkers at least $16 an hour – that is, the US and Canada and not Mexico – to qualify for duty-free treatment under the trade pact. It also requires Mexico to pursue reforms of labor law to encourage independent unions.

Answer 1

Donald Trump, the forty fifth president of the U.S came to power in 2017 . In his election campaign, he favoured the policy of Protectionism & “Making U.S Great Again.” His economic agendas follow U.S Economic Nationalism based upon the notion of high tariffs to lessen imports, creating more employment for Americans, lessening the immigrants’ inflow, considerably augmenting the exports. The economic agendas of Trump thus, incorporate trade protectionism, reduction of immigration , individual & corporate taxation reform, the knocking down of the Wall Street Reform, and the revoke of ‘Obamacare’ –ACA.

How U.S began to Change the Trade Agendas - Steps by Donald Trump

• In September , 2017, he declared to withdraw from the American Trade pact with South Korea. He desires South Korea to import more American products.
• He pulled out from further talks on the Trans pacific Partnership by endorsing an order on 23^rd January, 2017, he promised to substitute it with manifold bilateral agreements. Reacting to this step, Japan & the EU declared their own trade deal. On 6^th July, 2017, they concurred to raise Japanese automobile exports to the European Union & European foodstuff exports to Japan.
• Heavy Tariffs were levied by his government on imported washing machines & solar panels on 22^nd January, 2018. China is the largest exporter of washing machines to America. Thereafter on 1^st March, 2018, he announced 25% tariff on steel imports & a 10% tariff on aluminium.
• The Steel utilizers, such as automakers, will see higher expenses. They will pass on this cost to customers. With the incredible fall in stock market, analysts felt that his acts might begin a trade war.
• On 16^th August, 2017, U.S started renegotiating NAFTA with Canada & Mexico. It is the biggest Trade Agreement globally. He had threatened to pull out from NAFTA and hit imports from Mexico with a 35 % tariff.
• Moving ahead with his agenda, he declared on 8th May 2018 that he would withdraw the U.S from the Iranian nuclear deal.