Billionaire Developer and Half-Century

rise: By calling for a wall to curb immigration from Mexico and tariffs to restrict imports from China, the billionaire developer is challenging some of the basic tenets that have underpinned the rise of a more globalized economy over the past half-century, according to Bloomberg. Yet he twinned that radical approach with more orthodox policies straight from the Republican Party play book -- big tax cuts and wide-ranging deregulation -- that might end up spurring U.S. and global growth. function global function ad Code markets/article dimensions id 1 0 2 1 10 strategy targeting targeting Modifiers ; ; window ; There is considerable upside potential for the markets and the economy under Trump, but even more potential downside, said Andy Laperriere, a partner at Cornerstone Macro LLC in Washington and former Republican staffer on Capitol Hill. Now the question is whether he ll do the same for the U.S. and world economies. After plunging in pre-opening trading on fears that a Trump win would wreck the economy, U.S. stock prices bounced back Wednesday as investors focused on his plans to cut taxes and increase infrastructure spending and the fillip they would give to growth. Trump didn t flesh out many of the ideas he put forward during the campaign nor give much indication on who he ll appoint to top economic posts in his new administration. For now, there a lot more uncertainty than clarity about what the next president will do. (news.financializer.com). As reported in the news.