The approach of the man likely to be 47th president will also elevate the level of tension in global politics exponentially
‘In economic terms, the 45th and now presumptive 47th president is expected to up-end world trade as he turns his country inward and applies a highly protectionist lens.’‘In economic terms, the 45th and now presumptive 47th president is expected to up-end world trade as he turns his country inward and applies a highly protectionist lens.’on Australian exports, a shrinking world economy and a shift in the axis of global power – not towards the US but away from it.
Compounding the returning president’s power, the Republican party’s likely congressional control – of possibly both House and Senate – means no legislative handbrake on his inclinations, whatever they may turn out to be. That makes a lot of people very nervous.“Self belief is what the West needs right now and Trump has that in spades,” former prime minister Tony Abbott posted on social media on Tuesday evening.
In economic terms, the 45th and now presumptive 47th president is expected to up-end world trade as he turns his country inward and applies a highly protectionist lens. China may yet be able to present its totalitarianism as a virtue – the stable alternative to an erratic force much further away.There is less trepidation about the Aukus nuclear submarine pact. With bipartisan support across the Congress and the enabling US legislation now passed, that appears unlikely to be significantly affected. At least, that’s the view right now.
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