Markets and world leaders react to America’s president-elect | Global News Avenue

Neil Saunders, managing director at GlobalData, said Trump’s presidential victory had “both positive and negative consequences” for the retail industry and also created “a lot of uncertainty.”

“The main positive for the retail industry is that President Trump will almost certainly extend the tax cuts he introduced during his first term in 2017, which were set to expire at the end of 2025. This will help consumers broadly revenue, although retailers should expect no surge in spending as it relates to existing policies that are already baked into consumer behavior,” the retail analyst said in an email. “The big downside for retail comes from Trump’s tariff proposals.”

Sanders said if Trump follows through on his promise to increase tariffs on goods made overseas, retailers will bear the brunt.

“Given trade between Chinese manufacturers and U.S. retailers, strict tariffs will mean that retailers initially either take a huge hit to profits or are forced to raise prices, which would fuel inflation and curb “Over time, supply chains will adapt to the new tariff regime, but it won’t happen overnight and will be incredibly disruptive.”

Sanders noted that Trump’s rhetoric about raising tariffs was more of a negotiating tactic with “little hope” and that any eventual changes would likely be “limited in scope.”

——Gabrielle Fontrouge

abortion rights ballot measure More than two years ago, the U.S. Supreme Court overturned Roe v. Wade and ended federal constitutional procedural rights. The case passed in seven states but failed in three others.

Arizona, Colorado, New York, Maryland, Montana, Missouri and Nevada passed amendments protecting abortion access.

Missouri voters cleared the way to lift one of the country’s strictest abortion bans. Also in Arizona, voters passed a measure that It is expected to overturn the state’s ban on abortions at 15 weeks of pregnancy.

But Florida, Nebraska and South Dakota beat A similar constitutional amendment preserved the ban.

—Annika King Constantino

Markets should be prepared for a “knee-jerk” move in the near term, as it’s unclear whether Trump’s victory will also be accompanied by a “red sweep” – meaning Republican wins in both the House and Senate.

“We believe the most positive outcome for U.S. equities is a red sweep, and relatively speaking, the most negative outcome for EU equities is Trump and a divided Congress,” they said. They said the election was disputed or there was any risk that The lingering electoral uncertainty. It has always been the issue that investors are most concerned about.

Analysts view trade tariffs as a “key risk for Europe” with a higher likelihood of implementation under the Trump administration.

“As a result, we believe EU equities are likely to continue to lag U.S. equities in relative terms,” ​​Barclays said.

— Ruksandra Jordash

shares trump media The stock rose more than 30% in premarket as NBC News predicted that Trump, the company’s majority owner, would be the winner of the presidential election.

Shares of the parent company of Truth Social soared more than 50% after the close on Tuesday, but have since given up those gains. More than 34 million shares changed hands in premarket trading.

Read the full story here.

Trump press secretary Carolyn Leavitt said it was time for the president-elect to deliver on his campaign promises, which included launching a “massive deportation campaign” on his first day in office.

“The American people delivered a landslide victory for President Trump and gave him a mandate to govern on the promises he made when he campaigned, including launching Kamala’s largest mass deportation of illegal immigrants on Day One. Action. Harris allowed the country,” Levitt said on Fox News.

On the campaign trail, Trump frequently spoke of his plans to deport people he said are in the country illegally.

——Gabrielle Fontrouge

Argentina’s right-wing President Javier Milley congratulates Trump on his ‘huge victory’ in the election social media posts on the X platform.

“Now, make America great again. You know you can count on Argentina to complete your mission. Success and blessings,” Milley said.

Trump and Milley are often compared to being on good terms with the Republican president welcome The Argentine leader won the Latin American country’s election last year and was urged to “make Argentina great again” at the time.

— Ruksandra Jordash

Trump’s decisive presidential victory shows that Black voters no longer vote en masse,” said Jeh Johnson, former Homeland Security Secretary in the Obama administration.

“Over generations, we’ve grown to believe that different demographic groups will vote as a group because Black people in this country have voted as a group for a long time,” Johnson said on MSNBC. ” 90% of people support Democrats from Johnson to Obama, but that’s no longer true.”

Before that, Trump had successfully broken down broad demographic barriers to defeat Harris and win over black and Latino voters who had voted blue.

“As different demographic groups become more integrated into our society, they start to care about all the other issues that other people care about, whether it’s the economy, crime or border security,” Johnson said.

——Gabrielle Fontrouge

Stock futures soar Traders cheered Donald Trump’s victory over Vice President Kamala Harris.

Dow Jones Industrial Average futures rose 1,335 points, or 3.2%. S&P 500 futures rose 2.3% and Nasdaq 100 futures rose 1.7%.

— Fred Ambert

Senior Trump adviser Jason Miller said the incoming president “completely reshaped the Republican Party into the party of the working class” after his decisive victory.

“This is not the Republican Party of old. President Trump has reinvented the Republican Party as the party of the working class,” Miller said in an interview with NBC’s Savannah Guthrie. “You think about truck drivers, union workers, people who want to keep the auto industry, but you think about black voters, Latino voters, you think about the Arab-American voters in Michigan who have rallied around President Trump, his The wins have started to show how he puts it all together.”

——Gabrielle Fontrouge

Republican candidate Tim Sheehy defeated incumbent Democratic Senator Jon Tester in the race for Montana’s Senate seat, NBC News reported.

Shea, a businessman and former Navy SEAL, campaigned on the economy, border security and gun rights. Tester, a farmer who served three terms in the Senate, faces a tough path to victory heading into the race.

——Gabrielle Fontrouge

Oil prices retreated on Wednesday after Donald Trump defeated Kamala Harris to win the White House leadership.

this brent ice contract At 12:10 noon London time, the price of crude oil for January delivery was $74.52 per barrel, down 1.34%. The front-month December contract fell 1.38% to $71 a barrel.

The election of Donald Trump could affect supplies from the world’s largest crude producer, as the Republican politician has previously backed policies promising to fully unlock U.S. oil and gas production. The additional supply will exacerbate already weak demand.

— Ruksandra Jordash

German Chancellor Olaf Scholz has congratulated former US President Donald Trump after he claimed victory in the recent election and assumed leadership of the White House.

“Germany and the United States have long worked together to successfully promote prosperity and freedom on both sides of the Atlantic. We will continue to do so for the benefit of our citizens,” Scholz said. on social media platform.

Europe’s largest economy counted the United States as its largest trading partner in the first half of this year. According to Reuters. The two countries are also close allies in the NATO military alliance.

— Ruksandra Jordash

Kremlin leader Vladimir Putin has so far remained silent on the latest results of the US election.

“I was not aware of the president’s plans to congratulate Trump on his election,” Kremlin press secretary Dmitry Peskov told reporters on Wednesday, according to comments translated by Google. state news agency TASS.

“Let us not forget that we are talking about an unfriendly country that is directly or indirectly involved in a war against our country,” he added.

Russian President Vladimir Putin and Trump appeared to maintain cordial relations during the latter’s term as U.S. president from 2017-2021. The relationship was embroiled in controversy after allegations that Trump’s then-presidential campaign colluded with Russia, which was accused of interfering in the 2016 election.

Read the entire story.

— Holly Elliot

Israeli Prime Minister Benjamin Netanyahu congratulates Donald Trump and Melania Trump.

Netanyahu said: “Congratulations on the greatest return in history! Your historic return to the White House provides a new beginning for the United States and a powerful recommitment to the great alliance between Israel and the United States. ”

“This is a huge victory!” he added.

Israel is a close ally of the United States in the Middle East and has benefited from Washington’s military aid during its conflict with the Palestinian militant group Hamas and other Iranian proxies, including Hezbollah in neighboring Lebanon.

Read the entire story.

— Sam Meredith and Sandra Yordash