Indledning
The America First policy is a term that has been frequently used in Donald Trump's presidential campaign. Trump's interpretation of "America First" is about advancing US interests and generally reducing the American involvement in other country’s policies and correspondingly reducing other country’s involvement in American affairs.
Among other things, this has meant that the United States has withdrawn from major international partnerships, and at the same time increased its military budget.
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Uddrag
A trade war with theChinese government will increase the import cost of products such as steel, aluminum, and tech products which many American producers rely on.e.g., the prices on Ford motorcarshave increased because the cars consist of components from Asia .
These increasing prices make it less attractive for Ford to produce their cars in America and in the long run, this might put more jobs at risk than it protects with these new taxes .
Foreign relations are essential to create growth in the American economy even though the prosperities look good for the American economy and there is a general belief in the future . Tariffs will still be bad, looking in the bigger picture.
The top earners in America might not be influencedby the raised prices because they consume a less proportion of their earnings on everyday products. They will instead get richer due to the tax cuts which makes it better to be rich in America .
Investments in America will create a much brighter future for both businesses and consumers in the US.
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