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Free AccessTrump Receives Bump After "America First" Announcement
Former President Donald Trump has seen his chances of winning the Republican Party presidential primary increasing following the announcement of "America First," his first significant policy announcement yesterday.
- According to bettor Smarkets, Trump received an 8% boost in implied probability of winning the primary following the announcement of his trade agenda.
- Trump’s proposed "America First" trade policy takes an ultra-hawkish line on China with new baseline tariffs, revoking China’s most favoured trading partner status, and additional measures on China’s industrial base designed to make the US, “a manufacturing powerhouse like the world has never seen before."
- Trump said: "Joe Biden claims to support American manufacturing, but in reality, he is pushing the same pro-China globalist agenda that ripped the industrial heart out of our country.”
- Trump: "Very simply, the Biden agenda taxes America to build up China. My agenda will tax China to build up America."
Figure 1: Republican Primary Election Winner (Smarkets)
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.