The Intelligence from The Economist
The Intelligence: The darkness before the Don
Jan 18, 2024
Henry Trix, who writes Schumpeter for The Economist, discusses how many business leaders fear the economic consequences of a second Trump term, pondering the potential impact of populist policies and trade wars. Piotr Zalewskiy offers a poignant look at the war's devastating toll on Ukraine's cultural heritage, detailing the extensive loss and looting of historic artifacts. The conversation also highlights the staggering rise in olive oil prices, now viewed as a luxury due to demand and climate issues, reflecting broader challenges in global food security.
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Quick takeaways
- A second term for Donald Trump could have significant implications for American businesses and the economy, with potential trade wars and increased deficits.
- The invasion of Ukraine by Russia has resulted in significant looting and destruction of cultural heritage, with over 480,000 works of art and artifacts ending up in Russian hands.
Deep dives
The economic impact of a potential second Trump presidency
If Donald Trump were to be re-elected for a second term, his economic policies could have significant implications for American businesses and the economy. Economic conditions have changed since his first term, and his policies this time around could include higher tariffs and deficit-funded spending. Unlike his first term, where he was reined in by conservative advisors, he is surrounded by true believers now, and they have proposed extreme policy measures. This could lead to a trade war, exacerbate worker shortages due to deportation efforts, and increase the government's deficit. Overall, a second Trump presidency has the potential to harm businesses in the United States.
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