Trump’s economic policy: protectionism and the placing of cryptocurrency in the market to contain China’s ambitions and shift the U.S. position in the global financial architecture

On November 6, 2024, following the election of former President Donald Trump as the new President of the United States, the US stock market rose by $1.28 trillion. Still, shares of leading green energy companies fell by 10-18%. Also, the value of bitcoin rose from $67.7 thousand to $77 thousand during November 5-8, 2024.

Donald Trump’s return to the US presidency demonstrates the continuation of the Make America Great Again policy, which involves a full-fledged restructuring of the US economy through strict protectionism, decisive deregulation, and introducing cryptocurrency as a new financial instrument for payments.

This economic program, aimed at restoring “American greatness,” appeals to US national interests but risks causing significant internal controversy.

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