Economy

Trump was the first president to recognize the harm that globalization had done to the blue collar workers in America and by extension in Europe. He declared war on global trade by putting large import taxes on China and steel and aluminum on all countries. The foundation of his Make America Great Again was based on bringing jobs home. Biden continued the process with his America first project and continued the import taxes. Then Biden declared war on the World Trade Organization (WTO) by signing the Inflation Reduction Act (IRA) which had very little to do with inflation and a lot to do with offering tax incentives to anyone who chose to build in America. The European governments were furious saying this was against the rules of the WTO and there are right. When the WTO began in 1995 it was the catalyst needed to jump start the Chinese economy and now the beginning of the end of the WTO is the jump start for the US economy. This growth along with the accompanying inflation will continue regardless of who is president.