What is Trump's political achievements?

In 2020, Trump will experience the presidential election, and 20 19 has just begun, which also means that Trump's four-year presidential term is over half. So what changes did Trump bring to the United States in his two years in power? In the past two years, the "transcripts" of political achievements will be released soon. What achievements has Trump made in the American economy?

Quit TPP and modify NAFTA

During Trump's administration, he always carried out the "American priority" to the end, and launched the largest tax reduction campaign in American history, constantly increasing government spending to stimulate the US economy. During this period, it also began to impose tariffs on steel and aluminum on allies and other countries, and started the "retreat" mode, withdrew from the Trans-Pacific Partnership Agreement (TPP), and revised the 24-year-old North American Free Trade Agreement.

This move has improved the American economy, and the fiscal stimulus policy has produced positive effects in the short term. However, in the long run, whether fiscal stimulus will have negative effects needs close attention.

Hold high the "tariff" stick

For American companies that rely on overseas markets, Trump imposes tariffs on allies and other countries, which makes these countries doing business with the United States "injured". When Trump became president of the United States, he threatened to withdraw from the North American Free Trade Agreement. After negotiations with Canada and Mexico, the new version of the North American Free Trade Agreement was created on 20 18 1 1.

Trump tried to use tariff barriers to narrow the US trade deficit. In the process, Trump also threatened Japan, the European Union and other allies to levy steel and aluminum tariffs and automobile tariffs. However, according to the data released by the U.S. Department of Commerce in February, 20 18, the U.S. trade deficit in goods and services reached the highest level in ten years in June, reaching a new high of $55.5 billion.

According to the Oxford Economic Research Institute, the tariff policy is obviously "not worth the loss", which leads to a 0. 1~0.2 percentage point slowdown in the annual growth rate of the US economy in 20 18. In the long run, the tariff dispute has affected the overseas market of the United States and lost 94,000 jobs.

The largest tax cut in American history

20 17, 17 In February, the Trump administration began to launch a large-scale tax reform policy, reducing the top corporate tax rate from 35% to 2 1%, and the tax reform also brought short-term stimulus to the market. The data shows that the GDP of the United States increased by 3.4% in the third quarter of 20 18, the highest since 20 14 years.

The stimulus policy has also injected profits into the American job market. According to the data of the US Department of Labor, the unemployment rate in the United States was 3.7% in June 201August, which was the lowest in the United States in 50 years. However, the US Tax Policy Center believes that although the tax reform has a stimulating effect in the short term, the big stimulating effect will gradually weaken. By 2020, the contribution rate of tax reform to GDP may be only 0.5%, and there may be no positive effect by 2027.

According to the data of the Congressional Budget Office, as of mid-February, 2065,438+08,65,438+08, the debt of the United States has reached a historical record of $265,438+0.9 trillion, and the problem of increasing federal government debt has gradually emerged. According to statistics, in the third quarter of 20 18, the total GDP of the United States reached $2.066 billion, and the debt accounted for 655,438+08.

Government shutdown incident

Since Trump took office as president of the United States, * * * has shut down the government three times, the first time was 2018 65438+1October 20, which lasted for three days; The second time was February 9, 20 18, which lasted for several hours. The third and longest time lasted for a month, and there was no sign of closing the door. The government stopped because the Trump administration and Congress did not reach an agreement on the cost of building a wall on the US-Mexico border. 65438+At the end of February, the two sides still failed to reach an understanding on the closing incident, and Trump announced the closure of government departments.

The third closure lasted for 28 days, and the Federal Reserve issued a warning that the continued closure of the government increased the negative sentiment in the US market. According to statistics, the US government will lose $654.38+0.2 billion in a week. The current loss has far exceeded the cost of building a wall of $5.7 billion. How the Trump administration and Congress will develop in the future and whether they will seek * * * knowledge depends on what Trump does next.