Question

Pick a president of United States and explain the economic picture during their administration

(Outline or illustrate answers when possible)

Answer 1

Donald Trump had his spot in the White House precisely one year back. From that point forward he has over and over guaranteed to be behind another ascent in the American economy.

President Trump has made improving US trade a priority of his administration. However, the country's trade deficit - when imports are higher than exports - has actually risen to a level.

US unemployment is falling - down to 4.1% in December - and is close to its lowest-ever recorded level of 3.9% in 2001. It is less than half the 10% peak of 2010, reached after the global financial crisis. S wage levels have flattened since Mr Trump took office. Wage growth has stayed between 2.5% and 2.9% without showing any meaningful rise in the last 12 months.

He has pulled the U.S. out of the Paris climate accord. He has pulled the U.S. out of the Trans-Pacific Partnership trade deal. He has put the North American Free Trade Agreement seriously under the gun, with the likelihood higher than ever that Canada and Mexico will simply walk away from it due to American demands. He has gone beyond rhetorical commitments to move the U.S. embassy to Jerusalem and recognize the city as Israel's capital.

However, the negative trade balance could put increasing pressure on the Trump administration, with the country now out of the Trans-Pacific Partnership (TPP) trade deal and amid renegotiation of the North American Free Trade Agreement (NAFTA).