Question

Find an article about the current proposals and actions being taken by the Trump administration. Summarize the who stands to gain and to lose.

Review both sides of the argument presented in the chapter, Pro-trade "Free Trade" and Anti-trade "Protectionist".

Where do you stand on the issue?

Site an article about the current direction the US Government seems to moving in. Recent decisions that have been made and actions that have been taken as well as proposals being discussed. What do you think this will mean for America's economy moving forward?

Answer 1

The current proposals and actions being taken by the Trump administration:

1. Change in H1B visa policy to promote “buy American, hire American”
2. Change in environmental policy
3. Reversing the affordable care act
4. Change in immigration policy to enhance the public safety in the interior of U.S.
5. Restricting immigrants from seven muslim majority countries – Iran, Iraq, Libya , Sudan, Syria, Yemen and Somalia.
6. Promoting economic growth through developing energy independence
7. Changes in foreign trade regulations to check on imports to promote domestic industries

etc. are some proposals and actions taken by the Trump administration.

Who stands to gain and to lose:

All the policies are made by Trump government to benefit their own public and increase economic growth. The government gains from these policies as it tries to increase their social welfare. By applying restrictions on the immigrants it has insure the safety of its people and by changing H1B visa policy government is creating more employment opportunities for Americans.   Change in health care policies has reduced the financial burden on the economy and trade restrictions is generating revenue for the government has America is one of the biggest trade partner for many countries.

By all these policies world economies are facing losses as they are involved with U.S. for foreign trade and also the restrictions on immigrants has reduces employment opportunities for other countries. The living has become difficult for immigrants in America.        

Stand on the issues:

Though some of the policies are beneficial for American people and economy but all these sudden restrictions on trade and immigration is going to affect the foreign trade of the country. Government should not apply so many changes together as it will create mistrust towards the economy among foreign trade partners and investors.

All this is going to affect the movement of economy of America as all these restrictions can create situation of unemployment in the economy, increase in economic cost, reduce in foreign trade etc. which will adversely the forwards movement of American economy.

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