When the US economy is at historic lows, President Donald Trump will seek reelection with a plan that has three main axes: stimulating national employment, maintaining tax reform and increasing spending on infrastructure.
Should he be re-elected, Trump, who will be proclaimed presidential candidate at this week’s Republican National Convention, will have to manage the US economic recovery after a global pandemic that has led to unemployment at levels not seen since the Great Depression, a major global financial crisis that lasted through the 1930s, in the years before World War II.
To do this, the virtual Republican presidential candidate intends to promote the industry and products “made in the US” and continue with a protectionist policy, away from the great trade agreements and diplomacy that has dominated the US sphere.
These are the keys to Trump’s economic program:
Regain ground lost in jobs
The United States economy created some 6.6 million jobs during the first three years of Trump’s presidency, a figure in line with the country’s economic situation until the arrival of the coronavirus pandemic, which has destroyed a large part of those jobs. job.
“The President is helping American workers by expanding apprenticeships, reforming job training programs, and bringing businesses and educators together to ensure high-quality classroom instruction and on-the-job training,” he says. the White House on Trump’s handling of jobs.
The idea of the president to recover that lost ground is to stimulate job creation through a large public investment in infrastructure, a measure valued at about two trillion dollars and with bipartisan support in Congress.
To protect national employment, Trump has also taken several immigration measures that have affected foreign workers, such as revoking the right to work for the spouses of H-1B visa holders, or freezing the issuance of new green cards (known as “Green card”) during May and June 2020.
These measures open the door to possible future actions that enhance work among Americans, to the detriment of foreigners residing in the country.