{"id":2289759,"date":"2024-07-05T21:44:55","date_gmt":"2024-07-06T01:44:55","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-in-a-panic-over-donald-trumps-america-first-policies\/"},"modified":"2024-07-05T21:51:41","modified_gmt":"2024-07-06T01:51:41","slug":"wall-street-in-a-panic-over-donald-trumps-america-first-policies","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-in-a-panic-over-donald-trumps-america-first-policies\/","title":{"rendered":"Wall Street in a Panic Over Donald Trump&#8217;s America First Policies"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwall-street-in-a-panic-over-donald-trumps-america-first-policies%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2289759&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article\u2063 discusses how Wall Street is concerned about \u2064former \u2064President \u200dDonald Trump&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/state-of-the-union-2024-biden-comes-face-to-face-with-republican-critics-and-democratic-skeptics\/\" title=\"State of the Union 2024: Biden comes face-to-face with Republican critics and Democratic skeptics\">populist economic policies<\/a> potentially hurting economic growth in a \u2062second term. \u2062Despite these worries, experts\u2063 suggest\u200c that average Americans could benefit from Trump&#8217;s policies,\u2063 particularly \u2062in terms of trade protectionism and immigration reform. Trump&#8217;s policies \u200dprioritize American \u2062manufacturing and aim to reduce\u200d competition from low-wage immigrant labor, potentially\u200c leading \u200cto increased wages \u200dfor American workers. The\u2064 article also addresses\u2062 the implications of \u2062tariffs on\u2062 imports and their potential impact on\u2063 inflation. Ultimately, the debate surrounding \u2062Trump&#8217;s economic policies and their impact\u2064 on the average American worker remains contentious.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><br \/>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"> <?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<header> <a href=\"https:\/\/www.westernjournal.com\/news\/\">  News <\/a>   <span> <\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/dcnf\/\">  <\/a> <\/p>\n<p> <span>   By <a href=\"https:\/\/www.westernjournal.com\/author\/dcnf\/%20\"><span>Rebeka Zeljko<\/span><\/a> <\/span> <span>   July 5, 2024 at 9:49am <\/span> <\/span>  <\/header>\n<section>\n<p>Wall Street is panicking that former President Donald Trump\u2019s populist economic policies will hurt growth in a second term, but experts told the Daily Caller News Foundation that average Americans stand to benefit.<\/p>\n<p>Wall Street traders are increasingly betting that <a href=\"https:\/\/www.westernjournal.com\/trump-hits-biden-fourth-july-surprise-challenge-no-holds-barred-debate\/\" target=\"_blank\" rel=\"noopener\">Trump<\/a> will win the presidency following President Joe Biden\u2019s <a href=\"https:\/\/www.westernjournal.com\/biden-admits-nearly-fell-asleep-debate-stage-offers-extremely-unconvincing-excuse\/\" target=\"_blank\" rel=\"noopener\">dismal debate performance<\/a> at the end of June and are worried that the former president\u2019s immigration and trade policies will hurt topline economic growth, according to <a href=\"https:\/\/www.politico.com\/newsletters\/morning-money\/2024\/07\/02\/investors-are-starting-to-place-their-trump-bets-00166176\" target=\"_blank\" rel=\"noopener\">Politico<\/a>. While Trump\u2019s economic policies might harm the results of headline economic reports, they channel benefits to average American workers who are dealing with the effects of a massive surge of <a href=\"https:\/\/www.westernjournal.com\/biden-admins-immigration-victory-lap-gets-interrupted-isis-bombshell\/\" target=\"_blank\" rel=\"noopener\">illegal immigration<\/a> and unfavorable trade policies, according to experts who spoke to the DCNF.<\/p>\n<p>Trump has campaigned and governed on key populist <a href=\"https:\/\/trumpwhitehouse.archives.gov\/briefings-statements\/proudly-made-usa-president-donald-j-trump-leading-resurgence-american-manufacturing\/#:~:text=President%20Trump%20followed%20through%20on,jobs%20created%20since%20the%20election.\" target=\"_blank\" rel=\"noopener noreferrer\">policies<\/a> that prioritize trade protectionism and American manufacturing. This goes hand in hand with Trump\u2019s immigration policy plans for his potential next term, as he pledged to <a href=\"https:\/\/x.com\/MAGAIncWarRoom\/status\/1735104712729297222\" target=\"_blank\" rel=\"noopener noreferrer\">implement<\/a> the largest domestic <a href=\"https:\/\/www.westernjournal.com\/cbs-news-anchor-discovers-majority-americans-favor-mass-deportations-struggles-understand\/\" target=\"_blank\" rel=\"noopener\">mass deportation<\/a> during an Iowa campaign speech in December.<\/p>\n<p>\u201cWhat the Biden administration has done is they have just essentially stopped enforcing border laws, and they parole these illegal immigrants into our country,\u201d Michael<span data-highlighted=\"false\" data-playhead=\"false\"> Faulkender, chief economist at the America First Policy Institute, told the DCNF.<\/span> \u201cThey give them work visas. And this is why people on the left are saying that Trump\u2019s policies would cause inflation. It\u2019s because if we deport all of those workers, then somehow we wouldn\u2019t have enough workers to do all the work that\u2019s currently being done.\u201d<\/p>\n<p>In the last year, the number of employed <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-politicians-help-the-fortune-500-discard-gop-voters\/\" title=\"GOP Politicians Help the Fortune 500 Discard GOP Voters\">foreign-born workers<\/a> rose by over 600,000 to nearly 31 million, while the number of employed native-born Americans dropped by nearly 300,000. The disparity indicates that benefits under Biden are going to foreign-born workers rather than native-born Americans.<\/p>\n<p>\u201cThe average American is no longer going to have to compete against the incredibly low-wage labor that is driving down the standard of living,\u201d E.J. Antoni, a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-2-trillion-covid-bill-made-inflation-worse-jamaal-bowman-wants-to-spend-seven-times-as-much-on-reparations\/\" title=\"Biden&#039;s T COVID bill worsened inflation; Bowman seeks to spend 7x more on reparations\">public finance economist<\/a> and Richard F. Aster, fellow at the Heritage Foundation, told the DCNF about the effect of Trump\u2019s immigration policy in a second term. \u201cIn other words, you will increasingly see businesses pay living wages to their employees.\u201d<\/p>\n<p>\u201cThis was actually a key reason why a lot of blue-collar jobs saw such <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ecb-accounts-show-overwhelming-inflation-worries\/\" title=\"ECB accounts show overwhelming inflation worries\">rapid wage growth<\/a> during the first Trump term,\u201d Antoni told the DCNF. \u201cIt was because they really helped stem the tide of illegal immigration that existed before Trump. As less of that illegal labor came across the border, it helped buoy the labor market, at least for Americans.\u201d<\/p>\n<p>A key feature of Trump\u2019s economic policy in his first term that remains a part of his planned <a href=\"https:\/\/www.donaldjtrump.com\/agenda47\" target=\"_blank\" rel=\"noopener\">agenda<\/a> for a second is trade protectionism, which involves setting tariffs on imports, particularly from foreign competitors like <a href=\"https:\/\/taxfoundation.org\/research\/all\/federal\/trump-tariffs-biden-tariffs\/#:~:text=The%20Trump%20administration%20imposed%20several,increase%20of%20nearly%20%2480%20billion.\" target=\"_blank\" rel=\"noopener noreferrer\">China<\/a>, and promoting American manufacturing.<\/p>\n<p>\u201cTake a look at the significant application of tariffs that President Trump did during his first term,\u201d <span data-highlighted=\"false\" data-playhead=\"false\">Faulkender told the DCNF. \u201cW<\/span>e had sub 2 percent inflation during his entire presidency. So if applying tariffs at the scale President Trump has talked about were to be as inflationary as the Democrats are demagoguing people into believing, where was the inflation during President Trump\u2019s presidency?\u201d<\/p>\n<p>Peter Earle, senior economist at the American Institute for Economic Research, disagrees with the effectiveness of tariffs, arguing that these trade policies ultimately burden American business owners and consumers by raising costs through <a href=\"https:\/\/www.westernjournal.com\/biden-killing-economy-inflation-remains-high-consumer-spending-weakens\/\" target=\"_blank\" rel=\"noopener\">inflation<\/a>.<\/p>\n<p>\u201cBecause disinflation is underway, for now, it seems less likely that the concern is higher rates of inflation in coming years owing to monetary policy,\u201d Earle told the DCNF. \u201cIt\u2019s more likely that worries about Trump\u2019s promised tariffs are causing higher yields on longer-term bonds. Tariffs increase the costs of imported goods, and if they are put on a wide variety of goods can give rise in the overall price level of goods and services.\u201d<\/p>\n<p>\u201cTo be sure, his recent call for 60 percent tariffs would be devastating to world trade, even beyond the U.S. and China. When costs to businesses rise, such as those for inputs which are imported, consumer prices will rise,\u201d Earle told the DCNF.<\/p>\n<p>Other economists, like Faulkender, say that Trump\u2019s economic and trade policies actually benefit Americans across the board.<\/p>\n<p>\u201cThe Trump era was very good for average Americans, for working-class Americans, and it was good for investors,\u201d Faulkender told the DCNF. \u201cIf you look at the stock market\u2019s performance during the Trump administration, it did exceptionally well. I really just dispute this analysis, coming from the left, that suggests that the economy is this zero-sum game and that benefiting workers is bad for investors. With the right set of policies, we can improve outcomes for investors and workers alike. That was the record under President Trump, and that\u2019s what I expect the second term to go back to.\u201d<\/p>\n<p><em>All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter\u2019s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact <a href=\"http:\/\/www.westernjournal.com\/mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/em><\/p>\n<\/section>\n<p><\/body><\/html><br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street is concerned that former President Donald Trump&#8217;s economic policies may negatively impact growth if he were to win a second term, but experts believe that average Americans would actually benefit from these policies. Trump&#8217;s focus on trade protectionism and American manufacturing, as well as his immigration policies, may not align with Wall Street&#8217;s interests but could lead to better outcomes for American workers. While some argue that tariffs could lead to inflation and higher costs for consumers, others believe that these policies could ultimately benefit both workers and investors. Overall, there is a debate among economists about the potential impact of Trump&#8217;s economic and trade policies on the American economy<\/p>\n","protected":false},"author":2317,"featured_media":2289760,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/07\/Donald-Trump-7.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[34041,32319,11658,4600,34040],"class_list":["post-2289759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-america-first","tag-donald-trump","tag-panic","tag-policies","tag-wall-street"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/07\/Donald-Trump-7.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2289759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2317"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2289759"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2289759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2289760"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2289759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2289759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2289759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}