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Read Next: 4 Unusual Ways To Make Extra Money That Actually Work Here are three important financial actions Trump promises to take on his first day as president and their potential impact on you .
One of Trump’s most notable policies is his tariff plans.Although the fine details have not been announced, president-elect Trump has floated various ideas, such as a 60% tariff on goods from ...
The proposed taxes are in addition to earlier campaign promises to impose a baseline 10% tariff on all U.S. imports and a 60% tariff on goods shipped from China, once he takes office.
Trump has argued that a "lack of respect" by the Russians for President Barack Obama encourages the Russians to engage in seemingly hostile air maneuvers against the U.S. in European waters. [276] Trump has stated that the U.S. should open fire on Russian planes if Russia rejects calls to stop the approaches.
Trump said the Nord Stream 2 gas pipeline from Russia to Germany, owned by Russia's Gazprom, could turn Germany into a "hostage of Russia". [354] Businesses involved in the Nord Stream 2 have been sanctioned by the Trump administration with the passing of the National Defense Authorization Act for Fiscal Year 2020 on December 20, 2019.
The Treasury Department expects the deficit to exceed $1 trillion in FY2020. The budget deficit has increased nearly 50% since Trump took office and has increased for the past four years. This is contrary to Trump's promises to eliminate deficits within 8 years. [191] The 2019 calendar year deficit exceeded $1 trillion. [192]
Trump's 2016 promises are instructive for today, with the now third-time candidate running on a new and massive trade agenda if he wins. In addition to across-the-board tariffs of 10% or higher ...
In spite of the soft GDP, by the end of Q1 2017, the S&P 500 was near an all-time high, representing a 12% rise from the first quarter of 2016, as investor confidence remained elevated [417] based on Trump's promise to cut taxes, deregulate and spend heavily on infrastructure such as roads and bridges. Unemployment in the United States 2009–2016.