New USA President
The US presidential election has resulted in another political upset, as maverick businessman Donald Trump emerged as the President elect. Many believe that a Trump presidency is likely to cause an increase to the global economic uncertainty. Some economic analysts believe the US election impact on the UK economy will be limited in the short term. Trumps election win may benefit to Britain considering the country is looking to strike a America trade deal post Brexit. How will the election impact jobs in Suffolk?
Before the outcome of the election the reality TV star and business man was a big supporter of Brexit. He mentioned that Britain would not be “at the back of the queue” for a trade deal with the US. Although one might not presently be able to assess the full impact of the Donald Trump’s remarkable victory on Suffolk. However, one thing is certain and it is that Trump, broadly speaking, has a positive view of Britain. As a matter of fact, he selected Scotland for his plan to create the finest golf course in the world.
Impact of jobs in Suffolk
Initially Suffolk investors were concerned that the election result, as Trump’s policies were unknown. Their mixed feelings focused on the possible impact on the number of available jobs in Suffolk. But now that entrepreneurs and investors continue with their businesses keeping an eye on upcoming events goes to show that the initial fears of huge industrial fallout might be unrealistic after all. On the other hand, investors might find Suffolk as good trading options while those already present will be sure to stand firm. This no doubt helps to calm the stormy seas of fearful uncertainty held by many concerning the adverse effect the Trump administration might bring with it.
The truth is that if it was going to have any effect on Suffolk it would be dependent on the effect the trade policies of the new administration is going to have on world economy in general. Looking critically at how investors and businesses have reacted to the win, one would notice that investors and business activities presently seems to be going on in their usual manner and also keeping fingers crossed as to how the situation would eventually pan out. Although businesses and consumers do not like uncertainty, in this situation they tend just to carry on.
Many believe that the US policies under president Trump will benefit the UK, which is great for jobs in Suffolk. However as time passes and certain policies begins implementation, then we can know for sure the capacity of the effect.