Funny that this thing happened _only_ after Trump came to power. US has been doing such things from some time but nobody noticed it. Nowadays it is even exporting this.
Funny that this thing happened _only_ after Trump came to power. US has been doing such things from some time but nobody noticed it. Nowadays it is even exporting this.
I don't know if the upheaval Trump is causing is sufficient in scale that it will be visible in US growth rates.
But the point is that business will adapt to pretty much any regime to various degrees if it is predictable. The US used to be predictable. Now it's increasingly looking unpredictable, and that could potentially become a much bigger problem than any specific policy Trump puts in place.
(For an extreme example, compare China under Mao and under Deng: Both periods saw lots of year on year growth, but under Mao there were cataclysmic resets whenever there were political upheaval before rapid growth eventually resumed and those resets massively harmed the long term growth average; more than Deng's economic reforms, the biggest change was a long period of predictability)
The problem is the lag. It allows for the responsible party to escape ownership of creating the problem. And of course the responsible party’s party will just finger point at the other party and say “they did this to you!!”