Trump Legacy

After President Trump comes Biden

Now that Donald Trump is no longer president, it is time to evaluate his presidency. And my opinion is that he has been a bad president, for having questioned the democratic elections, for not accepting the result and for straining the institutions. You have to accept defeats in an elegant way, something that has been lacking.

Trump came to the presidency with the idea of ​​being an outsider, without commitment to any influence group. Someone outside of power, clean of any influence, and his voters had the idea that he would be someone who would give a fresh air to the government and who would do things that other presidents have not dared. But it is the desire to see something new that caused him to be elected president. In addition, every democratic system is designed so that moderate people govern, at the time when extremist people govern the institutions are compromised and there is a feeling of misrule.

With Trump we have seen that he has wanted to do things his way, but a government is made up of thousands of officials and positions of trust, which must be filled by the right people for everything to work properly.

At the economic level, we have seen, before COVID-19, an economy growing, but with constant stimuli, which have caused the Fed to no longer have stimulus tools, such as a dangerous deficit. Of course, with the stock market at record highs. But the real economy does not understand the stock market, in fact the stock market should be a reflection of the real economy, and yet the stock market is at its highest and the real economy is not.

And, for me, the success of Trump, foreign policy. As much as it hurts some, the renegotiation of the USMCA treaties and, above all, the sanctions against China. China’s economic boom has not been followed by the freedom of the Chinese people, but rather by disrespect for the Hong Kong treaties and China’s aggressiveness towards all its neighbors. This assumes that today all of China’s neighbors are allies of the United States, in particular India, Japan and Taiwan. And the beginning of the technological blockade of China, which has already led to the fall of the Huawei company, which will be followed by others.

And it is that for me, the year 2020 has marked the beginning of the fall of China, largely due to the impulse of Trump, for the following reasons:

• Hong Kong is no longer an economic center, this will be seen in the medium term.
• No access of Chinese companies to US chip technology. Which means that Chinese tech companies will have to develop their own chips (unfeasible).
• US military protection for Taiwan.
• Western blockade of China’s 5G technology.
• Arms race against the US and its allies (Australia, Japan, India, Europe). What allies does China have?
• The West is convinced that China is not a trustworthy country, which will gradually mean the transfer of factories from China to other countries.

Ultimately, Trump’s presidency has been a presidency with some light and many shadows.

The trade war with China reaches the internet. Tiktok and WeChat affected. Donald Trump's government will ban download of WeChat Read more

US announces end of preferential treatment for Hong Kong. "I have signed a decree that ends the United States' preferential Read more

Trump campaign ads banned on Facebook, dangerous precedent. Facebook took unprecedented action against the reelection campaign for President Donald Trump, Read more

The Federal Reserve acts fast and strong. After days of insistent pressure from the president, the US Federal Reserve (Fed) Read more

The coronavirus is the beginning of the new crisis. These days only the coronavirus matters, but from the economic centers Read more

Joe Biden elected president of the United States. Trump's victory four years ago took everyone by surprise. Now it was Read more

It is difficult to know how this legal action will take against Google, but it is expected to be the Read more

China that aspires to be number 1 will suffer for its lies. I acknowledge that I am not a fan Read more

Stock markets are out of touch with reality and the bubble may burst. Throughout the month of August, the US Read more

‘Value investing’ has entered a phase of decline. The coronavirus crisis has left important lessons for investors. Portfolio diversification does Read more