The United States' East Coast is home to one of the largest and most important economies in the world. Read on for your guide to travelling to and doing business in this dynamic region
US EAST COAST Time zone: GMT -5hrs Currency: US dollar Dialling code: +001 Culture: As a minimum, tip 15% when dining in restaurants or at least $1 per drink in bars
The US East Coast
Against all the odds and the predictions of pollsters, Republican Donald Trump swept into the White House in the US presidential election in November. His party also won control of both the House of Representatives and the Senate for the first time since 2005-2007. All of which has left the world scratching its corporate head about what the unpredictable new President will do having assumed office in January. For the UK, the big issue is trade with our largest single
overseas market, and with Trump rumoured to be receptive, a new and fruitful deal seems likely. The stakes are high. This is a market of more than 300million consumers expanding at a moderate pace, supported mainly by solid private consumption, the high-profile services sector and manufacturing. And despite facing challenges at the domestic level, along with a rapidly changing global landscape, the US economy remains the largest and most important in the world. It
represents around 20% of total global output – still larger than that of China – and features a highly developed and technologically advanced services sector in areas such as finance, healthcare and retail. But while the services sector is the main engine of the economy, the US also has a major manufacturing base. In fact, it is the world’s second-largest manufacturer, at the forefront in higher-value industries such as automobiles, aerospace, machinery, telecoms and chemicals.
Published on Jul 19, 2017
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