Russia and Wall Street
It is only three months after President Trump has entered the Oval office, and we are not sure exactly how the relationship with Russia will affect the US and Wall Street. There are many concerns about what will happen in the future and how it will affect all the markets in the United States. One of the key elements to all of these worries is Trump’s relationship with the Federal Reserve System and the banks.
Is President Trump going to take on Financiers?
President Trump has made it very clear that he wants to re-industrialize America and bring back many of the jobs that have left the states. It is very clear that he favors protectionism as a tool to protect and rebuild the US economy. This is a huge gamble since the internal demand would need to be there and it would restrict the growth of the US economy. If the plan fails, the national debt could become much worse.
The restrictions on the market are unacceptable to most of Wall Street including the higher fees that President Trump is planning to place on imported items. However, there are already trade agreements in place that favor big multinational businesses. These are already having a positive effect on Wall Street.
What about Russia?
Russia is a topic that cannot really be ignored at this point in time. At the moment, Russia is a hot topic that is having a huge effect on the Trump presidency, and who is staying in the Senate. At the same time, it is unclear about what President Trump is going to do with the Russian relationship. There are opportunities and hazards of being involved with Russia at this point.
As businessmen, Trump and Putin could create a common ground and build from there. This could help the United States find a new trade partner in Europe. However, this could damage relationships with other countries in Europe, which the US cannot afford right now.
If Trump is able to revive industry in America, the profits from exports would increase. This could end up with China and other countries plunging into crisis. China in crisis would negatively affect Russia. This means that the reset of the US economy has more power than most people think, which could end up with another global crisis in the next a few years.
With so few factors known and the amount of people and countries that are involved at the moment, it is hard to say what the future of Wall Street is going to be. However, the role that Russia will play will affect the US marketplace for a long time. We will keep you updated as more information becomes available.