Donald Trump re-elected as president: What changes await us?

The election of Donald Trump as the 47th President of the United States has sparked a lot of discussion about possible changes in the US economy and politics. Trump, who was known for his strong policies during his first term, is bringing ambitious plans that could affect not only Americans but also the global economy. This article outlines the main areas that his administration intends to focus on and their possible impacts.

Key priorities of the new Trump administration

Trump's policies cover a wide range of topics that have a major impact on the economy, from taxes and trade to energy and immigration. Given that Republicans have a strong position in Congress, it is expected that his proposals will be implemented more quickly.

1. Taxes

One of Donald Trump's main promises is to further reduce the tax burden. He proposes to extend tax breaks from the previous period, increase the child tax credit, and eliminate federal income taxes for retirees. He also plans to cut corporate taxes, which should support businesses and attract foreign investment.

2. Trade Policy

Trump has long advocated an “America First” policy that emphasizes protecting domestic manufacturing. The introduction of new tariffs on imports is expected to shift production back to the US, but it could also raise prices for consumers. These measures could affect global trade relations, especially with China.

3. Migration

Trump’s tough stance on illegal immigration includes proposals to increase deportations and tighten border controls. Changes in this area could affect the labor market, especially in migrant-dependent sectors such as construction and hospitality.

4. Energy

Trump plans to boost fossil fuel extraction and reduce regulations in the energy sector. These steps could support American energy self-sufficiency and exports, but at the same time raise concerns about sustainability and environmental impacts.

5. Budget deficits

Despite the effort to boost economic growth, Trump’s plans are expected to increase the federal budget deficit. Higher debt could lead to higher interest rates and higher borrowing costs.

A universal view of change

While the election results and specific measures may gradually lose their relevance, topics such as taxes, trade, migration and energy remain relevant in the long term. Trump’s policies are known for their emphasis on supporting the domestic economy, which raises expectations not only among Americans but also in the world.

Summary

The election of Donald Trump as president of the United States marks a fundamental shift in the priorities of the American government. Although the specific impacts of his policies will only become apparent in the coming months and years, it is already clear that his actions will have far-reaching consequences for the United States and the global economy. This article provides you with an overview of the main areas that will play a key role in the coming period.