Donald Trump

Elon Musk

<p>Former US President, Donald Trump has been re-elected as the 47th President. He secured his return to the White House by securing more than the 270 Electoral College votes needed to win the presidency, following a campaign that many say deepened the polarization in the country. “America has given us an unprecedented and powerful mandate,” the 78-year-old told a crowd of supporters in Florida today.</p> 
<p>His victory is a remarkable comeback four years after he was voted out of the White House and ushering in a new American leadership likely to test democratic institutions at home and relations abroad.</p> 
<p>Trump’s political career appeared to be over after his false claims of election fraud led a mob of supporters to storm the U.S. Capitol on Jan. 6, 2021, in a failed bid to overturn his 2020 defeat.</p> 
<p>But he swept away challengers inside his Republican Party and then beat Democratic candidate Kamala Harris by capitalizing on voter concerns about high prices and a rise in crime due to illegal immigration.</p> 
<p>The former president’s victory in the swing state of Wisconsin pushed him over the threshold. As of 5:45 a.m. ET (10:45 GMT) Trump had won 279 electoral votes to Harris’ 223 with several states yet to be counted.</p> 
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<p>Republicans also won&nbsp;<a href="https://newslink.reuters.com/click/37364050.592490/aHR0cHM6Ly93d3cucmV1dGVycy5jb20vd29ybGQvdXMvY29udHJvbC11cy1jb25ncmVzcy1zdGFrZS10aWdodC1lbGVjdGlvbi1iYXR0bGUtMjAyNC0xMS0wNS8_dXRtX3NvdXJjZT1TYWlsdGhydSZ1dG1fbWVkaXVtPU5ld3NsZXR0ZXImdXRtX2NhbXBhaWduPURhaWx5LUJyaWVmaW5nJnV0bV90ZXJtPTExMDYyNCZ1c2VyX2VtYWlsPWE3MjkxMzQzM2FlODQ2Y2ZlNWRlZWE1ZTA2NjRiZWM2MjhiNzVmNDQ0NTdmOWU5MWNiZWFhNDMwYWM2YWIxMWUmbGN0Zz02NjAxYjVlNDQzNTYzZGQxZjAwNmI2MWQ/6601b5e443563dd1f006b61dBe2eaf631" target="_blank" rel="noopener">control of the US Senate</a>&nbsp;with victories in West Virginia and Ohio, ensuring Trump’s party will control at least one chamber of Congress next year. They also posted early gains as they battled to retain control of the House of Representatives.</p> 
<p>He also led Harris by about 5 million votes in the popular count.</p> 
<p>President Trump could begin the process of choosing a cabinet and selecting other high-ranking administration officials in the coming weeks.&nbsp;Some of the top contenders for some of the key posts, according to Reuters, include Jamie Dimon (as potential treasury secretary), Robert O’Brien (secretary of state), Richard Grenell (national security adviser) and Bill Hagerty (secretary of state).</p> 
<p>Once the 2024 vote is certified by Congress in January 2025, Trump and his incoming vice president, Senator JD Vance, are due to take office on January 20.</p> 
<h4 id="congratulatory-messages-from-global-leaders" class="wp-block-heading">Congratulatory messages from global leaders</h4> 
<p>France’s Emmanuel Macron was among the first&nbsp;to congratulate Trump&nbsp;– other&nbsp;EU leaders followed. “Congratulations, President Donald Trump. Ready to work together as we did for four years,” he said on X. Macron added that he had talked with German Chancellor Olaf Scholz to ensure they would together defend Europe’s interests and values.</p> 
<p>NATO chief Mark Rutte was among many others in Europe who congratulated Trump and hoped for good cooperation. Hungary’s nationalist Prime Minister Viktor Orban, also posted on X today:</p> 
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<p>“The biggest comeback in US political history! Congratulations to President @realDonaldTrump on his enormous win. A much-needed victory for the World!”&nbsp;</p> 
<p>Like Orban, other far-right <a href="https://www.reuters.com/world/europe-congratulates-trump-amid-worries-about-his-return-white-house-2024-11-06/?utm_source=Sailthru&amp;utm_medium=Newsletter&amp;utm_campaign=Daily-Briefing&amp;utm_term=110624&amp;user_email=a72913433ae846cfe5deea5e0664bec628b75f44457f9e91cbeaa430ac6ab11e&amp;lctg=6601b5e443563dd1f006b61d" target="_blank" rel="noopener">politicians across Europe</a> have also congratulated Trump. Ukraine’s Volodymyr Zelenskiy praised the Republican’s “peace through strength” approach, while Russia floated the idea of&nbsp;resetting relations. Israel’s Benjamin Netanyahu talked about “a new beginning for America”.</p> 
<p>China will work with the US on the basis of mutual respect, the government said, but strategists indicate Beijing was bracing for four more years of bitter superpower rivalry over&nbsp;trade, technology and security issues.</p> 
<h4 id="global-economic-impact-of-trumps-victory" class="wp-block-heading">Global economic impact of Trump’s victory</h4> 
<p>Major stock markets globally rallied following Trump’s victory, and the dollar was set for its biggest one-day jump since 2020. &nbsp;<a href="https://www.bitcoin.org/" target="_blank" rel="noreferrer noopener">Bitcoin</a>&nbsp;(BTC) also reached a new all-time high just above $75,000 on exchanges. Binance, Coinbase, and other crypto exchanges in Asia also experienced a large turnout of users in the early hours of today.</p> 
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<p><a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noreferrer noopener">Dogecoin</a>&nbsp;(DOGE) has been up nearly 20 per cent since Tuesday, extending 30-day gains to over 65%, making it the best-performing major token. DOGE has recorded a high figure with over $30 million in short liquidations in the past 24 hours.&nbsp;</p> 
<p>Elon Musk is a long-time Dogecoin supporter and DOGE tends to surge on payments-related developments at any Musk-owned companies, such as X or Tesla.</p> 
<p>In addition, US stocks surged, with&nbsp;<a href="https://www.investopedia.com/ask/answers/042315/how-do-sp-500-futures-work.asp" target="_blank" rel="noreferrer noopener">S&amp;P futures</a>&nbsp;climbing 1.4 per cent. This represents its biggest gain against major currencies since 2020. Treasury bonds also rose, sending benchmark yields up more than 0.1 percentage point.</p>
<p>The post <a href="https://technext24.com/2024/11/06/trump-2-0-greatest-political-comeback/">Trump 2.0 is here: the greatest political comeback in history</a> first appeared on <a href="https://technext24.com">Technext</a>.</p>

Trump 2.0 is here: the greatest political comeback in history

Technext.ng

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