Donald Trump has made a remarkable political comeback, defeating Democrat Kamala Harris to become the 47th President of the United States. His victory, marked by wins in all key swing states, has already triggered major global market reactions. World leaders are closely watching Trump’s next moves, as his policies are expected to reshape trade, diplomacy, and economic strategies worldwide.

Republican candidate Donald Trump returned to the White House as the 47th President of the United States after defeating Democrat candidate Kamala Harris. He secured 72.77 million votes, surpassing Harris’s 68.1 million. Trump’s win covered all major swing states, including Arizona, Nevada, Georgia, Michigan, North Carolina, Pennsylvania, and Wisconsin. His victory marks one of the most decisive wins in recent US political history.

Economic Expectations and Market Response
The US economy is expected to undergo a significant transformation under Trump’s leadership. Investors anticipate stronger inflation and higher GDP growth, which could push the Federal Reserve to maintain high interest rates. This policy direction is likely to strengthen the US dollar.

Global markets have already started responding. Wall Street’s main indexes surged to record highs, with the S&P 500 rising over 2% and Tesla shares soaring by 15%. Bitcoin reached an all-time high of over $75,000, while Iran’s currency fell sharply to a record low following Trump’s victory. In contrast, the Indian stock market witnessed a sudden drop after the election results.

Trade, Manufacturing, and Global Economic Impact
Trump’s policy blueprint, often referred to as “Trump 2.0,” promises to bring back American manufacturing while reshaping global trade. He has proposed tariffs of 10–20% on all imported goods and a steep 60% levy on Chinese products. These measures could intensify global trade tensions, particularly with China’s already weakened economy.

At the same time, Trump plans to lower domestic taxes and tighten immigration laws, including mass deportations of undocumented immigrants. His economic stance signals a return to protectionism, with potential ripple effects across global supply chains.

Foreign Policy Shifts and Global Reactions
Trump’s return to power is expected to alter the balance of world diplomacy. He has been critical of US military aid to Ukraine and previously claimed he could end the Russia-Ukraine war “in one day.” The Kremlin has refrained from immediate comment, while Ukraine’s President Volodymyr Zelensky was among the first to congratulate Trump, expressing hope for continued support.

In the Middle East, Israel’s Prime Minister Benjamin Netanyahu hailed Trump’s win as one of “history’s greatest comebacks.” He expects a renewed US-Israel alliance and minimal interference in the Israel-Palestine conflict. Trump has, however, expressed a desire for the Gaza conflict to end soon, suggesting a preference for Israel to decide on its own terms.

India-US Relations and Future Outlook
Prime Minister Narendra Modi congratulated Trump on his victory, referring to him as a “friend” and expressing optimism for continued cooperation. Modi has maintained steady ties with four US presidents, Barack Obama, Donald Trump, Joe Biden, and now Trump again.

While Trump’s protectionist policies, such as high tariffs and reciprocal taxes, could impact trade, India-US ties remain strong. However, his restrictive approach toward the H-1B visa program may affect the Indian workforce in the US.

External Affairs Minister S. Jaishankar commented that while trade and immigration discussions may be challenging, Trump has always maintained a positive stance toward India and Prime Minister Modi. With recent diplomatic developments like the BRICS Summit and easing India-China tensions, observers expect military cooperation between India and the US to remain steady, focused on countering China’s growing influence in the Indo-Pacific.