The Impact Of President Donald Trump's Impact On The Economy

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Small developing economies must first become self-sufficient before benefiting from international trade. For example, the owner of a small company wants to make a new car in the United States but he wants to buy the car parts from other countries. He wants to get interior parts from Canada, fuel tanks from Mexico and seats from Germany. He can do business with any country around the world. The owner doesn’t have to become self-sufficient before benefiting from international trade. However, if a small business owner wants to sell their new bears to Walmart. First, he has to become self-sufficient before doing the business with Walmart. Walmart is a well known company, it won’t be easy to get their attention. One of the article talks about…show more content…
Six Republican congressmen from Texas, Mississippi and Louisiana recently wrote a letter to Trump warning that banning Venezuelan oil imports would do more harm than good. China is building relationship with Russia which is pressuring Trump. China and Russia had arrived at a newfound independence in the face of American challenges. On June 7, Chinese Defense Minister Chang Wanquan met his Russian counterpart, Sergey Shoigu, during a summit in Kazakhstan of the Shanghai Cooperation Organization. Shoigu proposed signing a comprehensive military cooperation agreement between Russia and China. Since China and Russia are joining together, it might be bad for America. China is America’s biggest trading partner. If China started supplying to Russia instead of America, the international trade can be affected badly. “Tensions between the US and North Korea escalated further Tuesday evening when President Donald Trump promised "fire, fury, and frankly power, the likes of which this world has never seen before" in response to recent threats from North Korea and its leader, Kim Jong Un” (Will, 2017). This is going to be the biggest impact of any conflict between the US and North Korea either nuclear or conventional in which people are going to suffer. Will explains that globally supply chains are going to be affected, with capital economics using the major floods that hit Thailand in 2011 as a comparison. It caused damage to the country’s
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