US state governments accused President Donald Trump of illegally delaying certain energy efficiency standards, which some investors believe could translate to difficulty for Trump in delivering on his promises of regulation rollbacks.
After accepting a congratulatory phone call from the President of Taiwan, Trump worried investors globally as China mandates the “One China” policy be in place before it interacts with any country – i.e. no government can engage in any treaties with, or interact directly with, Taiwan, which considers itself a separate nation from China.
American exporters exceeded economists’ expectations in December and hit one and a half year highs as it outpaced the growth in imports, lowering the total monthly trade deficit by 3.2% to $44.3B – however the deficit did increase over a yearly basis for 2016. As part of his plan to spur economic growth in America, increasing exports will be a key part on the process according to Trump and his appointed officials that have spoken on the issue.
The first month of 2017 is over, and key factors in judging the health of the economy are trending in a positive direction. US Factory output has officially surpassed a two year monthly high in January amid sustained gains in new orders and raw materials costs, indicating domestic demand is on the rise.
Last month during the holiday season, as expected there was a rise in consumer spending as households bought more vehicles and took advantage of a variety of services amid rising wages, indicating sustained domestic demand could result in an uptick of economic growth starting early 2017.
Donald Trump and Hillary Clinton both championed significant infrastructure spending as a dire need for America to fix the nation’s crumbling infrastructure and putting Americans back to work to boost the economy. Since emerging as the victor, Donald Trump has released a plan relying mostly on tax credits and private/public partnerships to spur private investment in infrastructure (which analysts have noted seems unfinished and lacks a lot of significant details), and earlier this week the Senate Minority Leader, Chuck Schumer introduced a more widespread one relying on $1 trillion in government spending.
This week, a Cuban trade delegation made up of high ranking government officials, are traveling to four states and six ports to brainstorm potential increased collaboration between the two nations, while the Trump administration is openly reconsidering the advances in economic cooperation made by the Obama administration.
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