Global Economy teeters on the Brink: No Savior in Sight for Trump or Biden

Despite the positive effects of his economic platform, a second Trump presidency looks uncertain due to his chaotic management of the White House during his first term. However, his plan for a 10% universal tariff on all imports is causing concern, especially for those who value free market economics. This trade war could be disastrous, particularly for the British economy, as the US is a key export market for the UK. The global impact of such a widespread tariff could result in a trade slump on a scale not seen since the 1930s.

At a time when the global economy is growing slowly and government debt is rising rapidly, the candidates for the presidency do not inspire confidence. This all comes as the world struggles to handle the increasing rate of government debt due to the slow economic growth. As such, it is important to consider how any potential policies will impact both domestic and international economies before making a decision on who will lead us into the future.

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