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The Intelligence from The Economist

The Intelligence: The darkness before the Don

Jan 18, 2024
23:20
Snipd AI
The potential implications of a second Trump term on businesses and the American economy, the silence of company bosses in speaking up against the Trump administration's dangers, the cultural damage and loss of artistic heritage in Ukraine due to Russia's invasion, and the rising cost of olive oil and its impact on producers and consumers.
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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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