The Trump Bump: what is the real economic impact?
Donald Trump's surprise elevation to the office of president last November stunned the world and electrified the financial markets. Promises to cut red tape, bring huge infrastructure projects to life, and sort out the byzantine American tax system propelled Wall Street to record highs. It's called the Trump Bump. Yet Trump's protectionist rhetoric simultaneously created fears of a global trade war. Martin Wolf, Chief Economic Commentator of the Financial Times, reflects on what Trump has accomplished in economic terms in the year since the election heard round the world.
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