Statement
Election 2020: What has President Trump done to America?
- The U.S. economy is projected to be the best-performing G7 economy in 2020 despite a pandemic-triggered deep recession, with forecasts suggesting continued borrowing and tax injections to provide economic momentum.
- Trade barriers with China, including tariffs on hundreds of billions of dollars of exports, are expected to remain difficult to roll back, with no indication that China will meet commitments to lift barriers or purchase American products.
- Future geopolitical dynamics are predicted to shift away from globalism toward sovereign and independent nations, driven by a political culture that is expected to persist regardless of election outcomes.
- A potential new administration faces a limited amount of political capital while navigating a depressed economy, a pandemic, and demands for government reform.
- Regulatory rollbacks concerning coal, methane pipelines, and wilderness exploration could increase cumulative carbon dioxide emissions by approximately 3% over time.
- Legal challenges to environmental rule rollbacks may fail, particularly if the judiciary remains influenced by Trump appointments, potentially locking in regulatory changes for decades due to judges serving for life.
- A conservative-leaning Supreme Court is anticipated to rule in ways that limit the EPA's authority over greenhouse gas emissions and restrict future administrative state actions, with concerns that Roe v. Wade could be further limited or repealed entirely.