America Has Spoken: Trump Will Be President…Now What?

TD Economics

AMERICA HAS SPOKEN: TRUMP WILL BE PRESIDENT.... NOW WHAT?

Highlights

  • Americans voted for change last night. Republican nominee Donald Trump secured 48% of the popular vote, which translated into an expected 289 of 538 Electoral College votes. Counts are ongoing. For the first time in over ten years, both Congress and the White House will be under the Republican wing.
  • Markets reflected a negative knee-jerk response to a President-elect who is very much the unknown when it comes to governing. Trump has never held elected office or a high ranking public position, and campaigned on a number of hot-button issues.
  • While Trump’s tougher stance on trade is at odds with Congressional Republican policies, a greater degree of protectionism is on the table. Areas of common ground with Congress will likely be found on lowering taxes, replacing the Affordable Care Act and reducing government regulation.

Read more

Any questions?