摘要
The world＇s largest economy and preeminent superpower, the United States, has this month seen the Senate and the House of Representatives vote through the implementation of major tax reform. Not only will this result have a profound impact on the domestic economy of the U.S., but it also looks inevitable that effects will spread to the rest of the world as well. In combination with the continuation of contractionary monetary policy by the Federal Reserve （Fed）, the spillover effect generated by the changes to U.S. macroeconomic policy could be even greater.
Tax reform and a likely interest rate hike can revitalize the U.S.economy but are arousing concern elsewhereThe world’s largest economy and preeminent superpower,the United States,has this month seen the Senate and the House of Representatives vote through the implementation of major tax reform.Not only will this result have a profound impact on the domestic economy of the U.S.,but it also looks inevitable that effects will spread to the rest of the world as well.In combination with the continuation of contractionary monetary policy by the Federal Reserve(Fed),the spillover effect generated by the changes to U.S.macroeconomic policy could be even greater.Trump is a president renowned for
