Our popular blogger Steve Herbert is not surprised by Trump's latest plans
Written by Steve Herbert
I admit it, I read too much comics when I was a child.
And as an adult, I had the opportunity to see many outings from the Marvel cinematic universe (MCU) which dominated on the 21stst Century film schedules. The two hobbies have led me to believe that the supervillain is never completely defeated and will always find a way to come back with a new – and even more despicable – to take revenge on humanity.
The Master Master Plan
It is perhaps for this reason that I am less surprised than many others not only by the return to power of Donald Trump, but also his last announcements to finish the domination of the world.
Trump's latest master's plan is to tax everyone who exports goods to the United States. To date, you know that he has imposed import rates on goods of almost all countries *, regardless of its size or population. He even announced prices on the islands populated only by American troops and penguins.
What he aims to achieve by these actions is far from clear. Is this rapid American economic growth, a stick to beat other savings, a restructuring of American interior taxation, a restructuring of trade deficits, a blunt negotiation tool, or simply a revenge on all those who can have done it wrong? Or maybe a strange (and almost certainly impractical) combination of all these elements?
A flashing red light
The tiny, but unavoidable defect, in its evil plan, is that practically all renowned economists (not Maga), corporate commentator and trade guru are convinced that Trump's plans will not work.
The inflationary impacts for the American population will be enormous. Other problems such as reciprocal prices, finished resources and expensive labor costs (even more expensive by inflation) are very difficult. And the simple reality of a fully integrated global trading system that cannot be dismantled and recreated in the United States during the night is a problem that simply cannot be ignored.
The reaction of Trump's beloved sharing markets-especially in the United States itself-has been not very brutal. These markets tell their own story to record the losses that have not been seen since the start of the pandemic cocorated five years ago. Everything points to the United States taking a somewhat suicidal economic path.
However, reality rarely dissuades the crazy scientist. Trump pressed the large red button and prohibited as he cried metaphorically “Forces, I will destroy them all!” in the camera.
Destruction
And it is certainly true that his actions will leave at least a certain economic devastation in their wake.
Most important minds than mine calculate the impact on the world economy. That said, all the results of their work will remain very speculative until it is clear what answer will be made by other trade nations and economic groups.
Here in the United Kingdom, the government intends to obtain a trade agreement with the United States. It would be welcome, but it is unlikely that a victory represents as much as a decrease in damage caused by the 25% price of Trump's car and the rate wider by 10% on other goods. It should also be noted that the British economy is not able to absorb negative economic news currently.
The Chancellor of the Spring Declaration of the Echiquier in March included a degraded of 2025 economic growth at only 1%. Above all, this demotion did not allow the American commercial prices now imposed. It follows that the United Kingdom – and makes it a large part of the larger world – is now uncomfortably close to the territory of the recession.
Productivity: HR superpower
All this leaves British employers and companies confronted with another major headache from the 2020s. As with Cavid and Brexit, the challenge for some will be existential. However, despite the disruption of the world order, life will continue and business will continue.
There is not much that most employers can do to influence international and global sales forces, but the wise employer will seek to better manage these elements under their control. And in these uncertain times, HR experts can help their employer ensuring that the labor market is in good shape, healthy and at work to maintain and improve these very important production and productivity measures. It follows that a review and a new promotion of all physical, mental and financial support offers should be a high priority for businesses in the weeks and months to come.
The grand finale
Of course, each film or comic strip ends with the classic confrontation between Hero and Villain. It is not known when or if this moment will come to the United States, and in fact what it in turn means for the economy and world (and British) affairs. And as with the MCU “Avengers: end of gameThe film can be very sad victims along the way.
It follows that the simple objective of the moment is to use everything in your power to make sure that your business and your workforce are always at the end of the battle.
Steve Herbert is the brand's ambassador for Occupational Health Assessment LTD And a veteran, award -winning, speaker and commentator on HR services and employees.
* Except, strangely, those affiliated with Russia
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