In the wake of nov 5th election Donald Trumpʼs possible return to presidency brings significant changes to Americas business world. His administration might look different this time – with Elon Musk possibly getting a key role in government efficiency plans (which could save around $2 trillion from federal spending)
The new economic plan includes some tough-to-swallow ideas: a 10% tax on all imports and up to 60% on Chinese goods. This could affect many things we buy everyday:
- clothes and shoes
- home stuff
- tech gadgets
- food products
Wall Street might see big shifts too – Trump wants to put business-friendly people in charge of bank rules but his trade ideas could make lending costs go up. The oil-and-gas world expects good times: more drilling permits faster pipelines and less rules about emissions
Tech world seems split on whats coming. While some worry about higher costs from tariffs others – like Peter Thiel and Marc Andreessen – want less control over new tech. The crypto folks feel happy because Trump said heʼd be a “crypto president“ and might replace people whoʼve been tough on digital money
Healthcare could see big changes too especially with vaccine policies. Some pharma execs dont like the idea of putting anti-vaccine voices in charge of health agencies. Labor unions face an interesting situation – while Trump tries to get blue-collar support his past choices for labor boards werenʼt union-friendly
Media companies prepare for interesting times: some stopped supporting any candidates while others worry about broadcast license threats. Still news outlets remember how their numbers went up during his first term