US President-Elect Donald Trump has unveiled his policy plans for the first 100 days in office. Russian political analysts have discussed the outlined plans and what impact the plan to “make America great again” will have on global markets.
Donald Trump has recently unveiled his agenda for “making America great again” based on a simple core principle: “putting America first whether it is producing steel, building cars or curing diseases.”
As part of the plan, the president-elect asked his transition team to develop a list of executive actions which could be taken on day one in the office to be able bring jobs back into the US.
On trade, the newly elected leader vowed to “issue a notification of intent to withdraw from the Trans-Pacific Partnership,” an agreement among twelve of the Pacific Rim countries which he called “a potential disaster” for the US. RIA Novosti questioned a number of experts on the issues, some of whom suggested that the agreement will definitely be abandoned. Head of trade negotiations at the Russian Ministry of Economic Development Maxim Medvedkov suggested that the US withdrawal might become a serious blow to some of the participants to the agreement. “Access to the US market has been a key condition for many partners to the agreement,” he told RIA Novosti. “Under this condition they have agreed to the regulatory reform to comply their trade legislations with the US approach. If Washington withdraws, they will miss the most delicious piece of the pie,” he added.
He further noted that there are ways to modernize the agreement, already under discussion amongst the partners.
However the expert doubted that it will somehow affect the global trade as the partnership has not come into force and thus had no impact on the development of the world trade.
Meanwhile Sergei Rogov, research director at the Institute for American and Canadian Studies of the Russian Academy of Sciences suggested that Trump might encounter serious opposition to putting his agenda into practice, including within his party. Other experts however noted that instead of the agreement, Trump wants to “negotiate fair, bilateral trade deals that will bring jobs and industry back onto American shores.” And this might be of benefit to its partners. On energy, Trump vowed to “cancel job killing restrictions on the production of American energy, including shale energy and clean coal, creating many millions of high paying jobs.” The experts however doubted that this announcement will somehow affect the energy market: the American oil and gas industry does not require any revolutionary changes and Trump could then reconsider his plan.