How bad could the US president damage the US economy?

How bad could the US president damage the US economy?

There is an article on Financial Times named as 'America is now a dangerous nation' (https://www.ft.com/content/308e0f90-80ce-11e7-94e2-c5b903247afd). The author, Gideon Rachman, suggests that the danger of America comes from the domestic crisis as well as the foreign policy crisis. The domestic crisis is from the conflicts between different social classes and even races. The foreign policy crisis comes from Russia and North Korean. The author believes that the US president Trump is only making these problem worse.

In terms of domestic influence, the US president Trump has relatively more limited influence, as the bills have to be passed by the Congress his power is also limited by the two houses in terms of domestic policies. However, his influence in terms of foreign policy has less limitation, as he is the Commander in Chief of the armed forces, he has the power to start military actions without an official declaration of war, though official declaration of war has to be  approved by the Congress. From this point of view, the worst damage that Trump could do to the US is to get America into a dangerous war against another nation. A war could let the US economy fall into a disaster, the only possible benefiter would be the US national defence industry. Other industries would face losses from the US dollar depreciation, the financial market shocks and increasing prices in fossil fuel and other sources of energy and raw materials. This is based on the situation where the US is  able to win the war. If the US falls into a similar situation as the Vietnam war or even worse, the damage to the US economy is unpredictable.

The domestic problem in the US has been a long lasting problem. Instead of saying the US president Trump making the situation worse, it is better to say the domestic crisis led Trump win the US election. Not only in the US, in many developed countries, white supremacy has its market and supporting base. This is because there is a group of white people who find themselves have no competitiveness in the current world society. When there is such social conflict in the US, it implies some of American population do not have sufficient consumption power. Therefore, the US economy may need to rely on exports in order to sell out its domestic production, especially when the US president intends to move more manufacturers back to America and push up American production.This could lead to more volatile trade wars with other nations, including China and the European Union.

To conclude, the current crisis should not be completely blamed on the current US president Trump, as many of the international and domestic problems are long lasting. It is partially correct for Trump to say that he inherits many American problems from his previous government. In my opinion, the US economic growth could face some opposite force. If the US companies are multinational companies, they could be impacted by the more intensive international politics, the only possible benefiter under current situation would be the national defence industry.