Amid a wave of announcements, the most disruptive to the international order is arguably the president’s declaration that global taxation frameworks must be reformed. Specifically, he plans to double taxes on foreign nationals and companies that engage in discriminatory practices against U.S. businesses.
Fourteen days into the year and the world holds its breath, as Trump prepares to retake control of the White House with a very different policy agenda to Biden. In terms of the economy overall, the USA should therefore continue to outperform other G8 countries, as the combination of tax breaks, deregulation and energy sector growth acts to boost GDP.
