“WP” reminds that recently Trump has allowed the export to Chip Chips AI NVIDIA and AMD companies in exchange for payment by them 15 percent. revenues from sales to the state budget, called the executive director of Intel to resign, accepted a gift from the head of Apple Tim Cook just before the announcement that the company would invest an additional 100 billion in the US, and in addition personally set the amount of customs for most countries covered by them.
“Trump plays a very unusual role in the American economy for the president, and especially one who maintains that he believes in deregulation,” says the former head of the economic advisers of the White House during the presidency of Barack Obama, Jason Furman.
In practice, this is tantamount to the top -down introduction of regulations, “with the proviso that this is done ad hoc, in an unpredictable and improvised way” – adds Furman.
Trump's personal involvement is-as the diary writes-absolutely amazing, especially since he behaves like “Super-President, mixing to individual transactions of companies and their personal decisions”.
The president amazed the entire corporate America when he wrote on Thursday to Truth Social on his website that Lip-Bu Tan, the executive director of Intel, should give up, after which he met him in the White House and announced that the fact that he is the head of this company is “success”-reports “WP”.
Decision to download 15 percent It is very unusual from the profits from the sale of chip to Chip, because it de facto makes the state a partner of Nvidia and AMD in their business operations. In addition, such a solution is probably unlawful, because the US constitution prohibits the imposition of duties on export – explains the daily.
Trump's approach to business and economy is very different from the “republican ideology”, who traditionally thought that the government should leave the companies a free hand, and state interventions limit the effectiveness of free market mechanisms.
Meanwhile, the president has intervened several times, recently in June, to allow the Chinese Tiktok application to function on the US market, despite the act prohibiting its action, if he remains under Chinese control. In May, when Walmart warned that he would have to raise prices because of the new duties, Trump announced that the company must take on the growing costs of imported goods.
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Also in May, he decided that pharmaceutical corporations could not sell drugs to higher prices at higher prices than in other developed countries and threatened that the government would “impose prices” otherwise.
It is difficult to predict whether such Trump's policy will lead to growth or rather the collapse of the American economy – says the journal. He emphasizes that economists have yet assessed that the unpredictable and changing decisions of the president and aggressive trade policy are a burden for the economy and companies that will probably grow.
