Yesterday, the fully booked masterclass on “The Trump Presidency: Economic Shifts and Global Implications” provided a comprehensive analysis of how Trump’s economic policies could reshape the U.S. and the global economy. PhD. Ignacio de la Torre, Chief Economist at Arcano Partners, explored key topics, including trade policies, political challenges, and the long-term impacts of the administration’s decisions.

The U.S.-China Trade Relationship: Steel and Tariffs

One of the central themes was the U.S.-China trade dynamic. The session highlighted the dependence of American industries, such as manufacturing and construction, on Chinese steel. This raised critical questions about the impact of tariffs imposed during Trump’s presidency and the potential for Chinese retaliation, which could disrupt supply chains and redefine global trade practices. 

Economic Impacts of Immigration Policies

The masterclass also examined Trump’s aggressive immigration policies, such as mass deportations. Losing a million immigrants from the workforce could cost the U.S. economy 1 point of GDP and generate 1 point of inflation. While these measures drove short-term economic growth, their long-term consequencesslower growth and higher inflation—pose significant challenges for the economy. 

Political Barriers to Trump’s Economic Vision

Despite holding a Senate majority with 53 seats, Trump’s administration faced political roadblocks. Key economic changes often required a 60-vote threshold, limiting the scope of sweeping policy implementation. These political challenges underscored the complexities of enacting transformative economic legislation. 

Balancing Short-Term Gains with Long-Term Risks

The discussion also focused on the balance between short-term economic growth and long-term risks. Aggressive policies might provide immediate benefits but can create vulnerabilities for future leaders, who must address the long-term financial health of the nation while fostering sustainable growth. 

Key Takeaways on Trump’s Economic Legacy

The masterclass concluded with valuable insights into the global and domestic implications of Trump-era policies. As the world continues to navigate trade tensions, political polarization, and economic uncertainties, understanding the lessons from this period is crucial for shaping future strategies. 

A Unique Learning Experience for Students

The event was held in Advantere’s stateofthe-art immersive room at Campus Arrupe. This session is part of the school’s yearround activities designed to enrich studentsexperiences by connecting them with professionals from diverse fields. These initiatives aim to provide practical insights, stimulate critical thinking, and expose students to real-world challenges in an engaging environment.