Donald Trump Elected US President in a Stunning Comeback

• Trump, 78, recaptured the White House on Wednesday by securing more than the 270 Electoral College votes needed to win the presidency, Edison Research projected, following a campaign of dark rhetoric that deepened the polarization in the country.
• The former president's victory in the swing state of Wisconsin pushed him over the threshold. As of 5:45 a.m. ET Trump had won 279 electoral votes to Harris' 223 with several states yet to be counted. He also led Harris by about 5 million votes in the popular count.
• Republicans won a U.S. Senate majority, but neither party appeared to have an edge in the fight for control of the House of Representatives where Republicans currently hold a narrow majority. Major stock markets around the world rallied following Trump's victory, and the dollar was set for its biggest one-day jump since 2020.
• Trump’s victory will have major implications for U.S. trade and climate change policies, the war in Ukraine, Americans' taxes and immigration. His tariff proposals could spark a fiercer trade war with China and U.S. allies, while his pledges to reduce corporate taxes and implement a spate of new cuts could balloon U.S. debt, economists say. He has also promised to launch a mass deportation campaign targeting immigrants in the country illegally.

(Source: Reuters)