Standard News

Hide Advertisement
  • Business
  • Culture
  • News
  • Technology
  • Trending
Site logo
ADVERTISEMENT
ADVERTISEMENT

‘The Economist’ Speaks With U.S. President Donald Trump About His Economic Policy And More

May 11, 2017 | By Jason Owen
The Economist 'Trumponomics Cover' and interview with 45th President of the United States of America. Edition: 11/05/2017 (PRNewsfoto/The Economist)

LONDON, May 11, 2017 /PRNewswire/ — U.S. President Donald Trump, along with Steve Mnuchin, the treasury secretary and Gary Cohn, the director of the National Economic Council, sat down with editors from The Economist on May 4th 2017 to discuss the Trump administration’s economic policy.

Mr Trump says he is for fairer US trade deals, tax reform, a move to merit-based immigration and deregulation. At its core, Mr Trump says of “Trumponomics”: “It really has to do with self-respect as a nation.”

Advertisement

In a wide-ranging interview in the Oval Office, Mr Trump left no doubt that his economic agenda was firmly rooted in his America First economic nationalism. He called for a “massive” renegotiation of NAFTA. But he also showed hints of dealmaking pragmatism, and a willingness to see government deficits soar, as the near-term price of tax cuts. This deficit-fuelled stimulus, which Mr Trump called “priming the pump”, “is OK, because it won’t increase it for long,” the president said. “What you have to do is you have to put something in before you get something out.”

In its accompanying analysis The Economist gives Trumponomics a poor review. Describing it as “boardroom capitalism”, the cover leader argues that Mr Trump’s agenda is best seen as a set of proposals put together by businessmen courtiers for their king rather than a coherent economic doctrine. Its goals are internally inconsistent and it neglects the most important challenges facing America’s economy, such as how to retrain hardworking people whose skills are becoming redundant. Even if it produces a short-lived burst of growth, Trumponomics offers no lasting remedy for America’s economic ills. It may yet pave the way for something worse.

“Trumponomics: What it is and why it is dangerous” is the cover report of the May 13th edition of The Economist. The full transcript, leader and related stories are available online:

www.economist.com/news/leaders/21721904-impulsiveness-and-shallowness-americas-president-threaten-economy-well-rule

http://www.economist.com/Trumptranscript

http://www.economist.com/news/briefing/21721937-donald-trumps-economic-strategy-unimaginative-and-incoherent-cooking-up-economic-policy

About The Economist (www.economist.com)
With a growing global circulation and a reputation for insightful analysis and perspective on every aspect of world events, The Economist is one of the most widely recognised and well-read current affairs publications. The paper covers politics, business, science and technology, and books and arts, concluding each week with the obituary. In addition to the web-only content such as blogs, debates and audio/video programmes available at economist.com, The Economist is available to download for reading on Android, Blackberry PlayBook, iPhone or iPad devices. The Economist Espresso, our daily briefing smartphone app, is also available for download via iTunes App Store or Google Play.

SOURCE The Economist

← Previous Post Next Post →
Advertisement - Continue reading below
Share  On Facebook

Congress moves to revamp toxic chemical law

Flint children’s blood lead levels rose in water crisis: U.S. officials

New U.S. black history museum may help dialogue on race: official

Man wanted in killing of Georgia police officer captured in Florida

Oklahoma medical examiner rules oilman McClendon’s deadly crash an accident

Gun used to kill Trayvon Martin auctioned; is bid real?

Singer Jay Sean back on music charts with first single in three years

Love You to Death: The Original Lonely Hearts Killers

Obama immigration win at Supreme Court could benefit Trump

Gun Range Owner Bans Muslims From Using Her Business

load more Loading posts...

sidebar

ADVERTISEMENT
ADVERTISEMENT

sidebar-alt

  • About Us
  • Imprint
  • Contact Us
  • Terms of Service
  • Privacy Policy