With the Inauguration Ceremony fast approaching on January 20th, we’re taking a closer look at the events that transpired on November 5th, 2024, when President-elect Donald Trump was elected as the 47th President of the United States. Let’s dive into the details and explore what we can expect during the first 100 days of his second term!
When Trump Was Elected the 47th President of The United States Again!
Following an exhausting and often bewildering campaign, Donald Trump emerged victorious after the votes were counted, making him the president-elect — again. Across nearly the entire country, voters shifted to the right, with clear majorities choosing to turn the page on Joe Biden’s presidency and rejecting would-be successor Kamala Harris.
Counties that had the biggest Democratic victories in 2020 delivered 1.9 million fewer votes for Ms. Harris than they had for Mr. Biden. In contrast, the nation’s most Republican-heavy counties turned out an additional 1.2 million votes for Mr. Trump this year, as analyzed from the 47 states where the vote count is mostly complete.
This drop in support spanned various demographics and economic conditions. It was evident in counties with the highest job growth rates, those with the most job losses, and areas with a large percentage of college-educated voters. Additionally, voter turnout was down across groups that are traditionally strong for Democrats, including locations with significant numbers of Black Christians and Jewish voters. The decline in key cities, such as Detroit and Philadelphia, made it exceptionally difficult for Ms. Harris to secure victories in the battleground states of Michigan and Pennsylvania.
How Did the Market and the Country React?
The economy was a major issue during the campaign, and the market reacted positively to Trump's decisive victory. U.S. stocks surged, highlighted by a 1,500-point jump in the Dow. A Trump presidency could result in lower corporate taxes and increased deregulation. However, lower- and middle-income households may benefit less due to higher tariffs and slower growth down the road.
How Did Democrats React?
Democrats had to engage in soul-searching discussions following the election. For Trump’s supporters, his return to the White House — after an attack on the U.S. Capitol in 2021, two impeachments, two assassination attempts, and a 34-count felony conviction — signified a great victory and a sigh of relief after states swung blue in 2020. However, for supporters of Harris, the results were not only surprising but also a crushing blow, leaving many concerned about the future of democracy and its impact on the most vulnerable members of the population.
How Did the World React?
World leaders congratulated Donald Trump on his presidential election victory, with significant anticipation regarding how his return to the White House might affect economic activities, military actions, and political alliances.
India: Prime Minister Modi tweeted, “As you build on the successes of your previous term, I look forward to renewing our collaboration to further strengthen the India-US Comprehensive Global and Strategic Partnership. Together, let’s work for the betterment of our people and to promote global peace, stability, and prosperity.”
Israel: Prime Minister Benjamin Netanyahu and President Isaac Herzog deemed Trump's win "historic." Netanyahu called it one of "history's greatest comebacks," signifying "a new beginning for America and a powerful recommitment to the great alliance between Israel and America."
Russia: President Vladimir Putin has not congratulated Trump yet, citing ongoing tensions with the U.S. over military support for Ukraine
Ukraine: President Volodymyr Zelenskyy congratulated Trump, highlighting their "great" meeting in September and noting Trump’s “peace through strength” approach to global affairs.
NATO: Mark Rutte, the former Dutch prime minister and now NATO Secretary General, expressed his joy about Trump’s return, stating he looked forward to working together again.
China: A spokesperson for the Chinese foreign ministry emphasized the consistency of China's policy toward the U.S., stressing mutual respect and peaceful coexistence.
Japan and South Korea: South Korean President Yoon Suk Yeol and Japanese government spokesman Yoshimasa Hayashi both congratulated Trump, underscoring the importance of the U.S. alliance for their countries’ foreign and security policies.
Mexico:President Claudia Sheinbaum called for calm among Mexicans, awaiting firmer election results before issuing an official statement.
Canada:Prime Minister Justin Trudeau extended congratulations and emphasized the friendship between Canada and the U.S.
South America: Some of the region’s conservative leaders enthusiastically congratulated President-elect Trump.
Africa:Trump previously faced criticism in Africa, which could influence responses to his return.
Iraq: Prime Minister Mohammed Shia al-Sudani and President Abdul Latif Rashid expressed hopes for strengthened ties and stability in the region.
United Kingdom: Prime Minister Keir Starmer acknowledged the "special relationship" between the U.K. and the U.S. in his congratulations.
France: President Emmanuel Macron stated he was "ready to work together" with Trump "with respect and ambition."
Pakistan: Prime Minister Shehbaz Sharif congratulated Trump, viewing it as a “historic victory” and anticipating strengthened Pakistan-U.S. relations.
What’s in Store for the 100 Days After Inauguration on January 20th, 2025?
The idea of evaluating presidents based on their first 100 days in office originates from the swift action of President Franklin D. Roosevelt in 1933. This early period often foreshadows a president's policy priorities and effectiveness.
Expectations for Trump’s second term are high, largely fueled by enthusiasm among Republicans. Despite leaving office with historic unpopularity, Trump's recent rise in approval is typical for elected presidents entering office, suggesting a potential honeymoon period where Americans may give him the benefit of the doubt.
Border: Trump has promised to close the U.S. border with Mexico within hours of taking office and to launch the largest domestic deportation operation in American history.
Drill Baby Drill: He has pledged to reverse President Biden's climate subsidies and recommence energy exploration, including tax breaks for oil, gas, and coal suppliers. "We're going to drill, baby, drill," he declared at a rally in late October.
Immigration: The American Immigration Council estimates that implementing Trump's deportation plan could cost billions of dollars and significantly affect industries like construction and agriculture due to workforce shortages.
Tax Cut and Jobs Act, Regulatory Reform, and Energy Policy: Trump's allies in Congress, including House Speaker Mike Johnson, have promised to act quickly to advance the president-elect's agenda, which includes extending the 2017 Tax Cuts and Jobs Act and reviewing energy policies. Control of the House has not yet been officially confirmed, but Republicans have gained ground in the Senate.
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