As you all know that Donald Trump has won the 2024 US Presidential Election, but in this article we will discuss what impact this will have on the whole world. In the article we can discuss all the effects topic wise.
Effects of Donald Trump winning the election: A glance
Introduction:
Trump's policies were quite different in his first tenure. His first tenure was from 2016 to 2020. And now by becoming president again, he will affect the world in many aspects.
1. Political Effects (Political Signs):
Domestic Policies: Trump implemented policies like immigration laws, healthcare, and tax cuts in his first tenure. These policies can become even more strict.
Immigration: Trump has focused a lot on border security, and this may continue. There is a plan to build a border wall with Mexico, and new steps can be taken to stop illegal immigration.
Healthcare: Trump's goal was to dismantle the Affordable Care Act (Obamacare). Repeal of it may be his priority.
Tax Cuts: Trump gave tax cuts, which largely benefit corporations and wealthy individuals. These tax cuts could be reformed again.
Judiciary Appointments: Trump appointed many conservative judges in his first tenure, who have become quite influential, especially in the Supreme Court. Now more judges can be appointed, who can take very significant decisions in the future.
Political Polarization: Trump's leadership style has divided America a lot. And now this divide can become even deeper, especially between Republicans and Democrats.
2. Economic Effects:
Tax and Regulatory Policies: Trump's focus was to support businesses and give tax cuts, so that companies make profits and create jobs. These policies can become stronger, but it can also increase income inequality. Recently, he has formed a new department "Department of Government Efficiency (DOGE)" headed by Elon Musk, which will work to increase the efficiency of the government.
Deregulation: Trump deregulated many industries, such as energy and finance. Such reforms may happen in the future as well.
Trade Wars: Trump has an “America First” approach in foreign policy, in which he renegotiated trade agreements, especially with China. Now his trade war can escalate further. This can disrupt global supply chains and affect markets around the world. As we can see now, after his victory in the presidential election, a bull run has started in the US stock market and the Chinese market has started falling.
Job Market: Trump made job creation and economic growth the priorities of his tenure. But his tax cuts largely benefited big corporations and wealthy people. Now the job creation policies may continue in this way, but the issue of wages and inequality will remain equally serious.
3. Social and Cultural Effects:
Civil Rights and Social Justice: Trump's policies were quite controversial on civil rights and social justice issues. He implemented policies on LGBTQ+ rights, women's rights, and racial justice issues that were quite divisive. These policies can be rolled back.
Cultural Divides: Trump's rhetoric has created many cultural divides in the American society. These divides can widen due to his victory. There can be debate on his policies in media and social media as well. His relationship with media was also very tense, and going forward his stance on media can become even more strict.
Immigration and National Identity: Trump had very strict policies regarding immigration. His second term may make it even stricter. Immigration reform may have an impact on America's national identity, in which it may be difficult to get support from diverse communities.
4. Global Effects:
Foreign Policy: Trump's foreign policy focused mostly on "America First". He also distanced himself from organizations like NATO and the UN. These isolationist policies could become even stronger. Global alliances, especially with European countries, could become even more strained.
Climate Change and Global Cooperation: Trump withdrew from the Paris Climate Agreement because according to him, his views were not being given importance as per his contribution in the cooperation.
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