Donald Trump’s economic policies center around tariffs and tax cuts, with the President-elect promising to increase tariffs as soon as he takes office on January 20th. These measures have the potential to impact both allies and rivals of the United States. Trump claims the tariffs are designed to protect American industries, but he has even suggested using economic force against Canada, threatening to make it the 51st US state.
However, many economists are concerned about the potential consequences of Trump’s policies, including the risk of reigniting inflation and sparking a global trade war. On a different note, the recent wildfires in Los Angeles have also come with a critical economic cost.
In the United Kingdom, the government has introduced its first sanctions law targeting people smugglers. This new law aims to crackdown on those who profit from human trafficking and exploitation.
Overall, Donald Trump’s economic policies are raising questions and concerns among economists and global leaders. With the potential for increased tariffs and tax cuts, there is uncertainty about how these measures will impact the global economy. Meanwhile, the UK is taking steps to address human trafficking, showing a commitment to combating this illegal and harmful activity.
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