Trump’s New Business Venture: Can He Make America Great Again?

Today is a new era in American politics – the Trump Era. Along with this new presidency are many new policies that are set to shape the future of this country. It will not only affect the common people, and discriminated against minorities, but major business establishments too. After all, President Trump is a renowned businessman himself with multi-million business ventures both in and out of the country.

What can businesses expect from his leadership? Will it propel the economic progress the country has gradually achieved over the years or be the cause of yet another difficult recession because of his outrageous fiscal policies that can affect the many U.S. external relations?

When it comes to President Donald Trump’s constellation of foreign investments, properties, and companies, much of the attention so far has been on his business’s apparent violation of the Constitution’s Emoluments Clause, which bars officeholders from taking gifts from foreign leaders. According to numerous ethics experts, the clause takes an expansive definition of gifts, encompassing everything from a direct bribe to a foreign official’s approval of construction of a new Trump property. But some of the Trump Organization’s properties raise additional red flags due to the specific partners involved. That’s true in Indonesia, for example, where Trump’s affiliates have been involved in bribery scandals and radical Islamic nationalist parties, and Brazil, where the company pulled out of a branding agreement amid a criminal investigation of a local business partner.

Controversies are surrounding his administration right from the very start.

This,

Economics During Trump Era

Whether you like it or not, Donald Trump is the new U.S. president. It is hard to predict how the American economy will flourish under his leadership. As early as now, though, economists think that Trump’s take on immigration, budget, and trade do not make sense.

Soon dubbed as “Trumponomics”, the public was excited about his economic plans. But economists are worried and anxious since the changes he has in mind has a big impact on the country’s economy. CNBC shared this story.

American business economists think that President Donald Trump’s effort to restrict immigration is a bad idea.

And they think the current health insurance system should be replaced by one that gives consumers more choice and control, with tax credits to support the cost of insurance.

Those are the findings of a survey of some 285 economists released Monday by the National Association for Business Economics.

The group also thinks Trump’s proposal to scrap the North American Free Trade Agreement is a step in the wrong direction.

Roughly 7 in 10 of those surveyed said the U.S. should set up import barriers only “occasionally and tactically, when vital industries are threatened by unfair trade practices.” Another 27 percent said there should “never” be barriers to entry of imports to the U.S.

(Via: http://www.cnbc.com/2017/03/06/economists-think-trump-is-wrong-on-budget-trade-obamacare-and-immigration.html)

The economy is in a better shape now than it did eight years ago when former President Obama assumed office but Trump has even bolder plans to make America great again. He may have high hopes in repealing Obamacare …