Paper Example on U.S. Political Parties: The Trump Era and Its Impact on Business

In the U.S, there have been beliefs from the past on the existing the two parties of the Democrats and the Republicans. The Democrats come up with ideas and the Republicans discuss more on how these ideas and regulations affect the economy. Trump, who is a Democrat, succeeded the administration from Republicans and he decided to expose the ill-doing of the previous administrations.

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The business became unbearable with Trump's administration. Trump and his officials meet behind closed doors and formulate rules that are barely favoring businesses in the U.S.

They formulated three major regulations that are major in his administration which are fuel economy regulations, methane regulations, and the energy efficiency rules.

The fuel economy regulations affected the automotive industries. The Obama administrations agreed to tough conditions. Immediately when Trump assumed office, he was being lured by these companies to loosen the rules set by the Obama administration. The main aim of these companies was to improve the fuel economy and instead market electric cars. The Alliance of Automobile Manufacturers agreed with Trump's announcement in improving the fuel economy. Trump has been attacking these companies for striking a deal with the previous administration and this is being termed a political move. The companies are foreign in the market and only affect a third of the market share. This limits the companies from improving the fuel economy. This limits the companies in making cars that do not have emissions to the environment and market their electric cars.

Methane is a greenhouse gas that is emitted by oil and gas industries and Trump formulated methane rules. The Obama administration required oil and gas industries to have technology that detects the levels of methane. In some way, this limited the role of the Environmental Protection Agency (EPA). Trump rules have been spoken against by these companies on the rollback plan. Big fuel companies like Shell and BP are agreeing with the plan to install modern methane regulation technologies because they have all the resources they need. Although some companies have argued that if they deal more on reducing the methane emission, they will be in loss-making business, they are struggling a lot if they implement the proposal. Trump's main ideology was to protect the environment rather than helping these companies survive in the market.

The final rule that the Trump administration focused on was energy efficiency. Mainly, such type of rules will benefit both the consumer and the business and this is a good move by any government. The Department of Energy has rolled out rules that bulbs produced should be more energy-efficient, a move that has been rejected by many companies. This move is different from the ones used in the past decades. However, the rule was unopposed by anyone. Companies have been urged to test their electric products and ensure that they comply with the efficiency standards. Companies have also been granted waivers and this makes some to play dirty games.

From the article, some of Trump's regulations are favorable to investor and other unfavorable. The environment should be protected from emissions of methane and other dangerous industrial gases. Energy-saving is a key focus and the trump administration has done this. Different regulations come with a consequence on the economy and impacts on investors.