Elon Musk
What will Trump’s policy be on Bangladeshi immigrants?
Donald Trump was sworn in as the 47th President of the United States for a second term on January 20, with a stern stance against undocumented immigrants. In his inaugural speech, he declared, “America’s golden era begins today,” and emphasized his “America First” policy, vowing to restore sovereignty and security. He proclaimed, “We will become the envy of every nation. No one will exploit us anymore. Today marks the end of America’s decline. God has kept me alive to make America great again.”
Economic tensions to intensify worldwide
It is natural for people to be curious about what may happen in the world economy and trade in the coming year. Particularly, with Donald Trump being re-elected as the President of the United States, there is speculation about whether the situation will worsen. The question being raised is whether Trump will launch a full-scale trade war. According to a report by the Financial Times, there is a possibility of a full-scale trade war, but it is not guaranteed. The FT refers to a full-scale trade war as a scenario where, by the end of the year, the United States will impose at least a 10 per cent tariff on all imported goods. Trump has threatened to impose up to a 25 per cent tariff on goods from Canada and Mexico, excluding China. These two countries account for 30 per cent of US imports. They, too, will continue to exert pressure on Trump in various ways. However, FT suggests that due to the additional tariffs, Trump is likely to continue the tariff battle. Hence, they do not believe that these tariffs will be withdrawn by the end of the year.
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