from Asia Unbound

Trump Might Seem Pro-Business … But He Could Do Great Harm to Business

U.S. President Donald J. Trump delivers a speech on tax reform in Indianapolis, Indiana, on September 27, 2017. Jonathan Ernst/Reuters

November 29, 2017

U.S. President Donald J. Trump delivers a speech on tax reform in Indianapolis, Indiana, on September 27, 2017. Jonathan Ernst/Reuters
Blog Post

More on:

United States

Donald Trump

Entrepreneurship

Populism

Financial Markets

Throughout his first ten months in office, President Trump has portrayed himself not only as a champion for workers—a debatable claim—but also an important friend to American business. He has stacked his cabinet with former executives. Perhaps most important, Trump now has made corporate tax reform a top priority. And indeed, despite CEO resignations from various Trump consultative councils, as CEOs balked at being associated with some of Trump’s comments on cultural issues, the business community still has high hopes for his administration.

But in the long run, Trump could actually do significant damage to U.S. business—and many corporations are not fully cognizant of the dangers he poses. Dangers lie just over the horizon—and can be seen by studying how other, Trump-like populists around the world have seized control of and damaged their economies over time.

For more on how Trump resembles other populists, and how his populism could ultimately affect business, see my new piece for the Globalist.

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