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.
(Financial Times)