Certain predictions have been made as to the economic and regulatory changes American businesses may experience if President Donald Trump eventually clinches victory in the ongoing presidential election in the United States.
First, going by an analysis done by Reuters, the expectation is that upon re-election, electronic vehicle makers (automakers) under the Trump-led administration will have to deal with the heat from a war between Washington and California over climate policy.
Already, the disagreement with California over emissions and electric vehicles has divided automakers, because the state had sued Trump for rolling back national vehicle emissions standards and making moves to undo the state’s authority to approve the selling of electric vehicles.
In the health sector, experts say the medicine-making industries will witness a boom and thrive better under a Trump second term because he has been known to be vocal against high drug prices.
In fact, the US leader approved a number of executive orders intended to cut drug prices in his first administration, even if some of his critics claimed the moves had little or no impact.
In the area of mining, there is a high chance of a boost in the local production of minerals used to make electronics, weapons and other commodities as Trump is likely to continue in his bid to reduce mining industry regulations as well as ease the licencing bureaucracy.
Added to this, there will be high TV ratings if Trump gets re-elected as many cable news network will be more engaged in covering most of the decisions the controversial president will be making to deliver on his campaign promises.
To be precise, cable news networks AT&T-owned CNN, Fox Corp-owned Fox News and Comcast’s MSNBC will gain much as there will be high demand for TV, print and digital news coverage.
In retail, there might be a continuation of trade wars and sanctions that may play out in high tariffs on goods imported into the US. Before now, as apart of his "America first" agenda, Trump had imposed $370 billion in tariffs on commodities from China.
This policy has been seen by many local and international economists as the culprit damaging US manufacturing competitiveness.
Meanwhile, Briefly.co.za reported that Pastor Bassey James, international vice-chair, Africa ministers forum, an international body of Christians leaders with headquarters in South Africa, and centres in Nigeria, Kenya and Ghana, had called on Christians in the United States of America to vote for President Donald Trump in the ongoing presidential election in the country.
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