Republican has made bold statements on tax and immigration
Donald Trump’s stunning victory in Tuesday’s US presidential
election sets the stage for a series of radical policy reversals both at home
and abroad.
A Trump presidency could scupper some of Barack Obama’s
signature achievements, including Obamacare, climate change policy and the
nuclear deal with Iran. Democratic hopes of shaping the Supreme Court for a
generation would be dashed; a markedly more conservative court is now likely.
Foreign policy could also undergo a dramatic shift.
Many analysts caution that there is a big difference between
campaign promises and official policy — trade renegotiations sometimes turn out
to be less substantive than advertised. Commitments on foreign policy issues,
such as moving the US embassy in Israel to Jerusalem, are sometimes set aside.
But here are seven ways in which life could change under a
President Donald Trump.
1. Trade
Mr Trump has opposed the proposed Trans-Pacific Partnership
deal and called for fundamental changes to the Nafta pact with Mexico and
Canada. Such policies appear to have boosted his appeal throughout the rust
belt of the Midwest, with huge consequences for the election’s ultimate
outcome. He has also threatened to impose punitive 45 per cent tariffs on goods
from China, stoking fears of a trade war.
2. Foreign policy
Mr Trump has said that Mr Obama’s deal with Iran, which
seeks to prevent the Islamic Republic from attaining nuclear weapons, would be
dismantled or at least restructured. While Mr Obama began his term by setting
out a vision of a world without nuclear weapons, Mr Trump has said he would be
open to both Japan and South Korea developing nuclear arsenals. He has also
questioned the US’s treaty commitments to Nato allies that do not pay their own
way while suggesting a much closer relationship with Russian President Vladimir
Putin.
3. Healthcare
Mr Trump has signed up to the Republican pledge that Mr
Obama’s signature Obamacare reforms must be “released and replaced”. He has not
set out a comprehensive alternative but says he will encourage competition
between markets in different states.
4. Tax policy
Mr Trump has promised the biggest tax revolution since
Ronald Reagan, pledging to cut taxes across the board. He says no American
business would pay more than 15 per cent of their profits in tax, compared with
a current maximum of 35 per cent. The top rate of tax would fall from 39.6 per
cent as the Republican reduces the number of tax brackets.
5. Supreme Court
For many political activists in the US this could be the
biggest consequence of the election. With the highest court in the land
currently split 4-4 between conservative and more liberal judges, Hillary
Clinton’s supporters had hoped that a ninth justice chosen by a Democratic
president would shift the balance, possibly for a generation. Instead, Mr Trump
faces relatively easy confirmation of his pick by a Republican Senate and he
may also have the opportunity to replace some of the relatively elderly
complement of liberal judges.
6. Climate change
Mr Trump has called global warming a hoax invented by China
to make US manufacturers uncompetitive and vowed to “cancel” the Paris climate
agreement, which built on a deal Mr Obama struck with China. He also says he
would stop all US payments for UN global warming programmes.
7. Immigration
This is the issue that excited most passions in the
campaign, both among Mr Trump’s supporters and among Hispanic voters eager to
prevent him from taking the White House. Mrs Clinton and departing Mr Obama had
backed comprehensive reforms that would give illegal immigrants a chance at
full citizenship. Mr Trump has campaigned on his pledge to build a wall on the
Mexican border, called for a ban on Muslim immigration and the deportation of
11m unauthorised immigrants. However, he has subsequently made more ambiguous
statements, promising instead “extreme vetting” and declining to clarify his
precise plans for undocumented immigrants.
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