Donald John Trump is a picture of a perfect American success, businessman and the President-elect of the United States. He becomes the most influential man in the globe. He is scheduled to take office as the 45th President on January 20, 2017. Donald John Trump was elected the 45th president of the United States on 9th November 2016 in a stunning culmination of an explosive, populist and polarizing campaign that took relentless aim at the institutions and long-held ideals of American democracy. The surprise outcome, defying late polls that showed Hillary Clinton with a clean win of the Presidency. President elect, Donald John Trump scored a first by being the only President of America to ascend to the Oval office with no prior experience in government, diplomacy and military. The triumph for Mr. Trump a real estate developer-turned-reality television star was a rejection of the establishment forces that had assembled against him, from the world of business to media to government, and the consensus they had forged on everything from trade to immigration. The win is a rejection of not only of Mrs. Clinton, but of President Obama, whose legacy is suddenly in jeopardy. From the Healthcare to Job creation to human rights (including the Muslims, gays and women) to regulation on firearms. With President Donald John Trump, these may not be in his priority list. What does the Presidency of Donald John Trump mean for Kenya?
- In the campaign that was run by the Republican candidate was abrasive, explosive, populist and outright divisive. Part of the policies that he stood with was the promise to deport all illegal immigrants. According to the 2014 census, there are 121,300 Kenyans in the US with some experts estimating that up to 30,000 live illegally in various American cities. Many Kenyans in the US, especially those without the right papers, might find life suddenly becoming difficult for them. These immigrants make a huge contribution to the Kenyan economy. In 2015, Kenyans in diaspora remitted a whopping $1.63 Billion and 49.5% was from America. Such statistics are worrying if part of these funds would not be remitted after the deportation. The bulk of funds remitted from diaspora finds its way into the stock market, real estate, education, business. The foot prints of diaspora remittances can be traced in literally all sectors of Kenyan economy. However this effect will not only the Kenyan economy but the American economy. Economists have pointed out that this would have an effect both ways, sending back millions of undocumented immigrants but also depriving America of a vital source of affordable labour and, therefore, weakening the US economy.
- As an important developing country partner, Kenya is a significant recipient of U.S. foreign assistance. In accordance with Presidential Policy Directive on Africa, the U.S. assistance strategy is built around four strategic objectives for U.S. policy: Strengthen democratic institutions, Spur economic growth, trade and investment, advance peace and security promote opportunity and development. Kenya and many other African countries receive substantial funds from the US, especially to cater for the health budget, would probably have to find ways to raise that money domestically. Trump has consistently stated in interviews that he will fund his programmes by cutting waste and foreign aid. That could have a direct effect on programmes which have traditionally enjoyed support from both Republicans and Democrats, such as the funds allocated to the Global Fund to combat malaria and HIV/Aids.
- When it comes to the top national economies around the globe, the order has shifted. The United States has been the world’s biggest economy since 1871. But that top ranking is now under threat from China. Since it initiated market reforms in 1978, the Asian giant has achieved a steady economic growth, in the process, lifted its population out of poverty and become the largest economy on Earth. The U.S. economy remains the largest in the world in terms of nominal Gross Domestic Product (GDP). The $18.5 trillion U.S. economy is approximately 24.5% of the Gross World Product. The United States is an economic superpower that is highly advanced in terms of technology and infrastructure and has abundant natural resources. However, the U.S. economy loses its spot as the number one economy to China when measured in terms of GDP based on Purchasing Power Parity (PPP). In these terms, China’s GDP is $21.3 trillion and the U.S. GDP is $18.5 trillion. With such statistics and China having a heavy presence in Africa, it’s a point of worry for the United States of America. Trump’s election could start a trade war with other players on the global economic stage and it would also give a huge boon to extremist groups seeking new members. On the economic front, a trade war between China and America could actually end up benefiting Africa as the two superpowers clash in their on-going battle for influence. The Americans have been complaining about China’s presence in Africa but that would obviously deepen with a president like Trump.
- Kenya is eligible for preferential trade benefits under the African Growth and Opportunity Act (AGOA) America exports to Kenya include agricultural products, aircraft, and machinery. America imports from Kenya include apparel, coffee, and the American business investment is primarily in commerce, light manufacturing, and the tourism industry. The United States has signed trade and investment framework agreements with the East African Community and with the Common Market for Eastern and Southern Africa. Kenya is a member of both regional organizations. According to Delaware Senator, Christopher Coons, the African Growth and Opportunity Act (Agoa) is set to remain in place until 2025. Agoa is an American law originally passed by the US Congress in 2000, which allows eligible African countries to export a wide range of goods to the US duty free. AGOA is a positive US-Africa trade agenda that sees opportunity of growing trade for both the United States and Africa.
Well that’s represents the good and the bad for the Donald Trump Presidency.