Donald Trump's economic policy appears to be simply, job and making America great again.
But skeptics question whether he actually understands how the American economy works in a globalized reality.
Our U.S. correspondent Priscilla Huff reports:
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Donald Trump is making some pretty big economic promises.
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He's tweeted repeatedly that his election has already inspired companies to bring jobs back to the United States.
But economists have a problem with that.
Anders Aslund of the Atlantic Council.
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What Donald Trump does seem to talk about is bringing back manufacturing jobs
Except, even as U.S. President Barack Obama has pointed out
many of those jobs are never coming back, because they require few skills
and automation has eliminated many others.
The U.S. imports $320 billion dollars more in goods from China than it exports
and that's one reason why Commerce Secretary nominee Wilbur Ross is singling out that country.
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"China is the most protectionist country of very large countries. They have both very high tariff barriers and very high non-tariff trade barriers to commerce. So they talk much more about free trade than they actually practice. We would like to the levelize that playing field and bring the realities a bit closer to the rhetoric."
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The Obama administration has made a big deal out of shifting American policy to focus more on the Pacific Ocean
the socalled pivot to Asia.
The centerpiece has been the Trans Pacific Partnership, a massive trade deal involving 40 percent of the global economy.
Trump spokesman Sean Spicer made it clear that walking away from the deal is a top priority.
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To economists, this is another Trump promise that doesn't reflect the 21st century global economy.
Anders Aslund of the Atlantic Council.
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"This is crony capitalism at its worst. you can only make investments if you have agreed with them with the president. Who would today dare to invest in Mexico. This is completely unacceptable situation. And also his preoccupation is with old companoes, opld machin buklding. he is not aware the high tech sector."
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As Donald Trump's nominees face the Senate confirmation process,
there are also questions about how much Goldman Sachs executives and alumni and other billionaires actually know
when it comes to the economy of the average middle class american
and about how much power any president has to change the direction of the American economy quickly.
priscilla Huff Washington
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