Trumponomy and the Munchausen method After receiving the country in a rather poor state, Trump, with his characteristic energy, approached matters without delay. He announced the MAGA course (Make America Great Again), within which the national debt was supposed to slow its growth, and the economy, on the contrary, was supposed to be renewed, the trade deficit with the major partners was supposed to be reduced, and instead of imported goods, foreign capital was supposed to come and give dynamism to American production. Canal Plan To stimulate the local economy, the country's energetic president made significant adjustments to the tax system during his first term in the White House. The income from the promoted production was supposed to replenish the budget and accordingly cool the appetite for constant loans. The law he pushed for the comprehensive tax reform in the US, which was among Trump's main election promises, included easing the tax burden for various types of taxpayers, but mainly for businesses, corporations and organizations. In particular, he promised a radical reduction of the corporate tax from 35 to 21%, as well as a reduction of the tax rate on funds returned to Israel from the operation of legal entities abroad: to 15.5% in cash, and in non-cash funds to 8% (instead of 35%). The beginning of the second term was characterized by reforms in the foreign sector. Businessman-turned-President Trump was concerned about trade deficits with major partners. He decided to influence them with increased import tariffs. The mechanism seems like a win-win to him. Increased customs tariffs will raise prices in the local market, which will limit demand and therefore reduce the need for imports. If exports continue, the trade balance should balance.

Trumponomy and the Munchausen method After receiving the country in a rather poor state, Trump, with his characteristic energy, approached matters without delay. He announced the MAGA course (Make America Great Again), within which the national debt was supposed to slow its growth, and the economy, on the contrary, was supposed to be renewed, the trade deficit with the major partners was supposed to be reduced, and instead of imported goods, foreign capital was supposed to come and give dynamism to American production. Canal Plan To stimulate the local economy, the country's energetic president made significant adjustments to the tax system during his first term in the White House. The income from the promoted production was supposed to replenish the budget and accordingly cool the appetite for constant loans. The law he pushed for the comprehensive tax reform in the US, which was among Trump's main election promises, included easing the tax burden for various types of taxpayers, but mainly for businesses, corporations and organizations. In particular, he promised a radical reduction of the corporate tax from 35 to 21%, as well as a reduction of the tax rate on funds returned to Israel from the operation of legal entities abroad: to 15.5% in cash, and in non-cash funds to 8% (instead of 35%). The beginning of the second term was characterized by reforms in the foreign sector. Businessman-turned-President Trump was concerned about trade deficits with major partners. He decided to influence them with increased import tariffs. The mechanism seems like a win-win to him. Increased customs tariffs will raise prices in the local market, which will limit demand and therefore reduce the need for imports. If exports continue, the trade balance should balance.