What Donald Trump’s election means for the global economy

2 days ago · What Donald Trump’s election means for the global economy His explosive plan for tariffs will damage world trade, but he will struggle to implement it in full

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How will Trump's election affect the US economy?

Former president Donald Trump's victory in the 2024 presidential election sets the U.S. economy on a path of higher tariffs, lower taxes, and deregulation. Trump's ability to enact his proposals hinges on which party secures control of the House of Representatives. Trump can impose tariffs without approval from Congress. ...

Will Trump's economic policies affect global economic growth?

Under Trump's proposed economic policies, a "protectionist and smaller U.S. economy would be a drag on global economic growth," University of Canberra Economist John Hawkins said at The Conversation. Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives. ...

What are Trump's economic plans if he won the presidency again?

Here’s what to know about Trump’s economic plans if he were to win the presidency again. Trump’s protectionist trade proposals represent a departure from decades of U.S. economic policy. His plans include a universal tariff of 10% to 20% on all imports and as high as 60% on goods from China. ...

What does a Trump win mean for Europe?

A Trump win means Europe can no longer — or at least much less — rely on the U.S. for its defense and security. Donald Trump threatened during his first term to leave NATO and has repeatedly said on the campaign trail that Washington wouldn’t come to the rescue of allies who don’t invest enough in their military in case of a Russian aggression. ...

What is Trump's economic plan?

Trump’s economic plan is almost the reverse of Harris’, with a large focus on international trade tariffs that he says will raise billions of dollars for the domestic economy and force companies to revert their supply chains to the U.S. ...

Why did you vote for Donald Trump?

“I voted for Donald Trump because four years ago, the economy was way better than it is right now and I trust that he will fix the economy again,” said Charles Maleski of Chalfont, Pennsylvania. Trump, a Republican and the 45th president, won election Wednesday over Democratic Vice President Kamala Harris. ...