The result could have a far-reaching implications for tax and trade policy, as well as economies around the world.

Summary

The U.S. dollar surged 1.5% and Bitcoin hit a record high after Donald Trump’s projected election victory, as markets anticipate pro-business policies, tax cuts, and inflationary pressures.

Global stocks also rose, with Japan’s Nikkei up 2.6% and Australia’s ASX 200 up 0.8%. Trump’s plans to make the U.S. a “cryptocurrency capital” and potentially increase trade tariffs, especially on China, are fueling market reactions.

Investors are now awaiting the U.S. Federal Reserve’s interest rate decision and China’s economic strategy announcement, as uncertainty looms over global trade and inflation.

    • catloaf@lemm.eeEnglish
      14·
      23 hours ago

      Business likes Trump and the Republicans because even with the tariffs and trade war nonsense, they still let companies have an extremely long leash.

      Now that Chevron is gone, companies are going to have basically free reign.

    • tissek
      6·
      23 hours ago

      My take is that it is reaction that American society will be stable going forward, no election riots etc. Just business as usual.

      • Professorozone@lemmy.world
        13·
        23 hours ago

        Yup should be fine without a few of these pesky news agencies around anymore or a few of his political rivals or you know, NOAA and a department of education. I’m sure it will be fine and 50,000 government employees won’t be replaced by loyalists. Corporations aren’t really paying taxes now anyway, why would a little less matter. Removing protections for minorities won’t make a difference either or getting out of NATO. And what a relief not to have to vote anymore. Cozying up to every dictator in the world and paying 10% more for everything will be just like any other election.

        I think we’re good. Easy Street baby!

      • PriorityMotif@lemmy.world
        3·
        23 hours ago

        Same thing as last time, protests over issues and police having a field day shooting protesters with non lethal ammo (for now) also right wingers open carrying rifles again hoping to get the chance to shoot someone. Big possibility of more people getting arrested for relatively iniccucous behavior like teaching certain subjects, books, pornography and sodomy will probably be banned. Lots of culture war shit to mask the deregulation. Eventually it will impact everyone in a way but that didn’t stop the Vietnam war either.