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Vice President Kamala Harris lost to Donald Trump in the election, marking a historic return to the White House. This extraordinary political comeback is expected to have a profound impact on the world economy.
Trump claimed that a “unprecedented and powerful mandate” will bring about “the golden age of America” while addressing his supporters in Florida early on Wednesday.
Steep tariffs, tax cuts, deregulation, and an attempt to withdraw from important international agreements are just a few of the former president’s numerous campaign promises.
It is difficult to predict how much Trump would try to enact these policies during his second four-year term, according to analysts, but the effects of any such actions will be seen everywhere in the world.
When Trump returns to the White House, it is unclear exactly what kind of administration investors might anticipate, according to Lizzy Galbraith, political economist at asset management Abrdn.
Galbraith stated on Thursday on CNBC’s “Squawk Box Europe” that Congress has a significant role to play in this.
