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Possible global impact of Donald Trump’s second term

16 0
17.11.2024

With Donald Trump back in office for the second term, policymakers are grappling with a cautious balance act in Dhaka. The US foreign policy approach is expected to bring changes that will have a ripple effect worldwide, particularly across South Asia. The “America First” policy of the Trump administration will navigate a complex set of challenges, with a strategic alliance with India and growing rivalry with China, leaving countries like Bangladesh at a crossroads. Each of these dynamics will test Bangladesh’s adaptability as the country is tackling its internal shifts marked by the recent anti-Sheikh Hasina revolt [blueprinted and implemented by Biden, Obama, Clintons, Soros and Democrats] and the establishment of an interim government led by Muhammad Yunus. In increasingly polarized world with US, China and India pulling in different directions, how should Bangladesh navigate its path?

Trump’s protectionist policies basically focus on domestic manufacturing, stabilize inflation, tackle unemployment and manage over half a million homeless people. To address this issue, the Trump administration is more likely to implement policies that are inward-looking including tariff cuts to support the USA’s economy and tighter Immigration regulations. This approach will directly impact the global supply chain, raising global prices and leaving emerging economies with significant trade ties to the US, including Bangladesh. As one of the largest exporters of the RMG sector and........

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