With the beginning of his second term as President of the United States of America, Donald Trump has sparked widespread controversy over his economic policies and its impact on the global economy. During the past few period, its policies had positive and negative repercussions, especially in light of the challenges faced by the global economy due to the consequences of the Corona and geopolitical changes. The American economy added in the first full month of President Donald Trump’s mandate, jobs less than expectations last February, while the unemployment rate increased despite the previous expectations of its stability, coinciding with this with the increase in the process of laying down employees to its highest levels in five years Patured the management plans to reduce federal spending, but the impact of demobilization will take months. According to the US Department of Labor data, the American economy added about 151 thousand jobs, which is less than expectations that were at 160 thousand jobs, while the unemployment rate increased to about 4.1% compared to 4% levels last January. According to Reuters news agency, economists of Economics, the «volatile commercial policy of the Trump administration is Companies are difficult to plan for the future. ”The confidence of companies and consumers has decreased since last January, which led to the disperse of all the gains achieved in the wake of Trump’s victory in the elections in November, as the stock market witnessed a wave of sale, as all the three main indicators in Wall Street recorded negative results this year, and the Nasdak Council fell about 10% since it reached its climax in December. On the other hand, Trump’s policies were Protection is a source of many global economic challenges. He continued to adopt trade policies based on imposing high customs duties on imports, especially from China and the European Union, which led to the outbreak of commercial wars that negatively affected global economic stability. These policies have led to the high production costs for companies that depend on imported intermediate commodities, which affected their profits and their ability to compete. Also, the commercial tensions raised by Trump’s policies led to a slowdown in economic growth in many countries, especially those that relied heavily on export to the American market. This situation increased the uncertainty in the global markets, which affected the investments of multinational companies and led to a decline in international trade. In the Gulf region, Trump’s policies had mixed effects. On the one hand, his policies contributed to supporting oil prices by working to reduce production, which led to relative stability in energy markets. This stability was positive for the Gulf states, which rely heavily on oil revenues, but on the other hand, global trade tensions have decreased demand for oil in some markets, which affected the revenues of exporting countries. With regard to the Gulf states, the trade balance between the United States and the Gulf states tends to benefit the United States, where the available and published figures indicate that the American trade surplus with the Gulf states is about two billion dollars. In addition, the Gulf states import most of their military needs from the United States, along with a wide range of other commodities. The data also indicates that the sovereign investment funds of the Gulf Cooperation Council countries invest approximately 141 billion dollars in the American economy, without calculating the private investments made by Gulf companies in the American market, which are difficult to estimate their value accurately. It can be said that the slogan “America first” does not negatively affect the Gulf states, at the economic level. The Gulf countries are an important economic partner for the United States. This does not mean that we turn a blind eye to the necessity of taking hedging measures, especially in light of the major international changes that are ravaged by the global scene today. These variables may have indirect repercussions on the Gulf states, even if they are not directly targeted. Among the most prominent of these challenges is the global trade war that affects the major economies, in addition to the possibility of Russian-American consensus that may be reflected in energy prices, which is a decisive factor for countries that rely heavily on oil revenues. It can be said that the start of Trump’s second state is full of challenges and opportunities. However, his protective policies and commercial tensions cast a shadow over the global economy. For Bahrain and the Gulf states, the greatest challenge is how to deal with the expected global changes while maintaining economic stability and enhancing economic diversification to counter any future shocks.
