The Sino-American Trade War: Are Trumponomics Making America Great Again?
The economic policies of the current controversial American head of state have become known for their protectionist nature, individual and corporate tax reforms and, most notoriously, immigration reduction. Since Trump's tax reform plan was adopted as law, there have been mixed results, showing that there is potential for the President to indeed make America great again. For example, in 2017, the nation's real gross domestic product grew by 2.3%, compared to 1.5% the previous year. Furthermore, while job creation, an important element of Trump's campaign rhetoric, decreased by 10.1%, to its lowest level since 2013, the unemployment rate has simultaneously fallen for the eighth consecutive year, and labour force participation among prime-aged labourers has increased for the fourth consecutive year. Equally, the stock market grew strongly, and the United States has seen a growth in household net worth for the eighth year straight. That said, the President's recent trade q...