GUIDANCE
Measuring the Geopolitical Fallout From the U.S. Midterm Elections
Nov 8, 2018 | 01:06 GMT
(BRENDAN SMIALOWSKI/AFP/Getty Images)
Highlights
- The Democrats' newfound control over the U.S. House of Representatives probably won't translate into greater control of the president's foreign trade powers. With vocal critics of Trump's trade policies out of the Senate, the new House will instead try to influence congressional approval for future trade negotiations.
- The president has significant clout over foreign policy, but Congress can still try to build momentum for heavier sanctions against Russia or measures to rein in Saudi Arabia.
- Gridlock will dominate some parts of the policymaking process under a divided Congress. The House probably won't be able to go after the tax reform that has already passed, but White House priorities such as immigration reform and additional tax cuts are now likely off the table.
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