Trump’s presidency was marked by significant events and transactions, including the withdrawal from the Iran nuclear deal, a new trade agreement with Mexico, a prolonged trade war with China, a Middle East peace plan, and a strengthened US-India partnership.
The biggest ‘deals’ of Trump 2.0 so far
The presidency of Donald J. Trump was marked by numerous significant events and transactions, often referred to as ‘deals.’ These deals frequently involved complex negotiations with foreign leaders, business partners, and various stakeholders. Here are some of the most notable ones.
Donald Trump was born on June 14, 1946, in Queens, New York.
He graduated from the University of Pennsylvania and later served as a real estate developer and businessman.
In 2015, he announced his candidacy for the presidency and won the Republican nomination.
On January 20, 2017, he became the 45th President of the United States.
During his presidency, Trump implemented policies on tax reform, healthcare, and immigration.
He also drew controversy with his handling of international relations and domestic issues.
The Iran Nuclear Deal
One of the earliest and most significant deals during Trump’s presidency was the withdrawal from the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA). In 2018, Trump announced that the United States would be re-imposing sanctions on Iran, effectively ending the agreement. This move was seen as a major blow to the international community and had significant implications for global security.
The US-Mexico Trade Agreement
In 2019, Trump signed a new trade agreement with Mexico, which aimed to reduce tariffs and other trade barriers between the two countries. The agreement also included provisions related to immigration, border security, and energy production. While some critics argued that the deal would have negative consequences for American workers, proponents saw it as a major victory for US businesses.
The China Trade War
Trump’s trade war with China has been one of the most significant and prolonged deals during his presidency. The conflict began in 2018 over issues such as tariffs, intellectual property rights, and market access. While both sides have accused each other of unfair practices, the trade war has had significant economic impacts on both countries.
The China trade war refers to a series of tariffs and retaliatory measures implemented by the United States against China, starting in 2018.
The conflict began over intellectual property theft, technology transfers, and market access concerns.
China responded with its own tariffs on US goods, including soybeans and aircraft.
The trade war has had significant impacts on global markets, with estimates suggesting losses of up to $1 trillion.
Key statistics include a 25% tariff on over $360 billion in Chinese imports and a 10% decline in US-China trade between 2018-2020.
The Middle East Peace Plan
In 2020, Trump unveiled a long-awaited peace plan for the Middle East, which aimed to establish a two-state solution for Israelis and Palestinians. The plan was widely criticized by many in the international community, who saw it as biased towards Israel’s interests. Despite this, the plan remains an important example of Trump’s efforts to broker peace in the region.
The US-India Partnership
Trump’s administration also strengthened ties with India through various agreements and deals. One notable example is the acquisition of a majority stake in the US-based pharmaceutical company, Sanofi’s vaccine maker, GSK’s vaccine technology company, Novartis’ vaccines business, GlaxoSmithKline (GSK) subsidiary GSK Biologicals’ vaccine technology platform, Indian biotech firm, Biological E. This partnership has had significant implications for global health and vaccine development.
These deals showcase Trump’s approach to international relations, trade, and diplomacy during his presidency. While opinions on their effectiveness vary widely, they represent a key aspect of his foreign policy agenda.
Donald Trump's foreign policy has been marked by a shift towards unilateralism, with an emphasis on American interests over international cooperation.
The administration withdrew from several global agreements, including the Paris Climate Accord and the Iran Nuclear Deal.
Trump also imposed tariffs on various countries, citing national security concerns.
Critics argue that these actions have damaged US relationships with key allies and emboldened adversaries.
Proponents claim that a tougher stance is necessary to protect American jobs and interests.
- sky.com | The biggest deals of Trump 2.0 so far
