US Election Results 2024: In a remarkable turnaround after losing the 2020 elections,Republican nominee and former US President Donald Trump secured a record-breaking historic victory in the US Presidential Elections 2024, defeating Democratic candidate and Vice President Kamala Harris with over 270 electoral votes to become President-elect officially. After weeks of opinion polls predicting an exceptionally tight race to the White House, Trump has swept a string of states, including Alabama, Florida, Nebraska, Texas, Ohio, and others.. Claiming victory as the 47th President of the United States, Donald Trump pledged to “heal” the country and bring a “golden age” to the US as he took the stage on Wednesday, November 6. Trump has won three crucial swing states – Pennsylvania, North Carolina and Georgia, bolstering his path to 270 electoral votes. Kamala Harris has won Virginia and Hawaii, adding to her earlier victories in Democratic strongholds like California, New York, and Illinois.. Follow Live Updates: US Election Results 2024 LIVE- Donald Trump becomes 47th US President. Trump’s top pledges for policy implementation as President include higher trade tariffs, job security, strict immigration, and economic development. The upcoming Trump 2.0 term will reverberate through the global economy. Analysts say the economic consequences for the rest of the world will likely be deep and immediate.. According to analysts, attention will shift to the impact of his protectionist policies on the US and global economies. Stock markets have responded positively, with indices hitting record highs and the US dollar strengthening, largely due to Trump’s previous term, which saw tax cuts and deregulation benefit sectors such as energy, manufacturing, and defence.. Countries will be pressed to take sides, increasing polarization risks. If overall sentiments are to be accounted for, the majority believe Trump 2.0 will have a negative impact across Asia. however, for India, despite short-term disruptions, offset by the medium-term benefit to India from supply chain relocation, as de-risking from China strategy gains further momentum under Trump 2.0.. Global markets could initially react with volatility, especially as investors weigh the impact on global supply chains and economic growth. Experts say Trump’s administration has previously shown a willingness to shake up existing norms, so we might see economic indicators like inflation and interest rates in the US diverge more sharply from global trends. For investors, this would be a time to monitor assets in regions sensitive to US policy changes, with an eye on any protective measures taken by other economies in response.. “Brace for immediate market fluctuations and a possible shift toward isolationist trade policies. Trump’s presidency would likely mean an increase in tariffs, which could disrupt global trade and hit emerging markets especially hard. Key sectors like tech and manufacturing might experience sharp changes as policies cater more heavily to ‘America First’ interests, potentially straining relationships with major trading partners like China and the EU,” said Vinit Bolinjkar- Head of Research at Ventura Securities.. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.. MoreLess. Business NewsMarketsUS Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in
