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Macroscope | Donald Trump can win the 2020 presidential elections if he gets the world economy back on track
- The American people need to have faith that their president has their interests at heart and that the economy will spring back
- Trump must carry out policy for the long haul, and this means ending the unnecessary trade war with China
Reading Time:3 minutes
Why you can trust SCMP
It may be a little too glib to say Donald Trump’s days are numbered as president of the United States. A week is a long time in politics and the next eight months between now and the November 3 presidential election could see a lot of changes. It is far too soon to write him off as there is plenty of time to show some solid leadership to help dig the US and global economies out of a deep hole.
The challenges are great, the scope for personal redemption is enormous and the only question is whether Trump is up to the task. It’s make-or-break time and the outlook for economic salvation, world financial stability and global welfare is in his hands.
He has his work cut out. His record so far has not been great and markets are sizing up the possibility of a Democrat presidency by the end of the year. It could bring seismic changes to domestic economic policy and especially the way America deals with the rest of the world.
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Trump has failed on too many fronts. His “America First” approach to policy has inflicted heavy damage on global well-being. Trump has presided over one of the largest stock market collapses of all time and left the US and global economies dangerously exposed.
While the coronavirus crisis has dealt a cruel blow, the damage was already done to global confidence by an unnecessary trade war with China. A Democrat-led US could be a much-needed positive force for change and a welcome relief to global well-being and financial market stability as the world eventually gets back to normal.
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