Almost everyone on earth knows these days that Trump won the US presidential election.
Every president of the United States has different political and economic preferences and strategies.
So what changes will Trump bring to the world after returning to the White House?
Seven things Trump promised
Before Trump took office, he promised to accomplish seven things. Let's take a look at what they are.
1. Deporting undocumented immigrants
In the past many years, people from all over the world like to join the United States. Because the United States is the world's number one power, various infrastructures and benefits are very complete. For example, you can enjoy many benefits that cannot be enjoyed in many countries. At the same time, the United States also provides the world's top salary and high-end jobs. In short, whether it is the upper class or the lower class, the United States has a siphon effect. A US green card is similar to a Beijing household registration in China.
But it is very difficult to join the United States through reasonable channels, because there are billions of people in the world, and the resources of the United States can only accommodate hundreds of millions of people. So either you have outstanding talents or a lot of wealth. It is extremely difficult for ordinary people to settle in the United States.
However, every policy has its own countermeasures. Mexico, which is only separated from the United States by a wall, has become the best choice for refugees around the world. Many poor people choose to travel through mountains and rivers to land in the United States in Mexico.
When the Biden administration was in power, a record number of people crossed the southern border of the United States.
Trump's attitude is the opposite of Biden's. He will rebuild the Mexican border fence and deport undocumented immigrants in the United States.
2. Economic, tax and tariff measures
Regarding economy and taxation, it is the issue that has the greatest impact on ordinary people.
During Biden's administration, the U.S. dollar continued to inflate, and it was even thought that it would lose its status as the standard currency for many years. It is precisely because of the inflation problem that a lot of funds have flowed into investment areas such as the crypto market.
But Trump has promised to end the current state of dollar inflation.
In addition, there will be a massive tax cut, which is a good thing for many companies and individuals in the United States.
He also plans to impose a minimum 10% tariff on foreign imports to reduce the trade deficit, and an additional 60% tariff on goods from China.
Of course, other countries will not allow themselves to be slaughtered by the United States, and they will also increase tariffs from the United States in retaliation.
This policy will indirectly push up prices and will not benefit ordinary people.
3. Cut climate regulations
In the past, the United States attached great importance to environmental protection measures. The purpose of doing so was to protect the earth's environment and climate.
But everything has its pros and cons. Over-emphasizing environmental protection will lead to slow development of some industrial industries.
During his last term, Trump revoked hundreds of environmental measures and made the United States the first country to withdraw from the (Paris Climate Agreement).
This time, Trump promised to increase the production of fossil fuels in the United States, and said in his speech that he would continue drilling and extracting oil on his first day in office.
Industrial development and environmental protection are a dilemma, and we can only strike a balance between the two. But this time Trump thinks environmental protection is a conspiracy theory.
4. End the war in Ukraine
Russia crossed the Ukrainian border and occupied the Crimean Peninsula on February 20, 2014. It has been aggressing against Ukraine for the past eight years.
Until February 2022, Russia launched a full-scale invasion of Ukraine. It was thought that Russia would destroy Ukraine with a crushing force. But the war lasted for more than 2 years.
Since Ukraine was the invaded party, it received extensive international support, including from the United States.
The United States is Ukraine's most powerful backer, having spent tens of billions of dollars supporting Ukraine's war against Russia.
Trump promised to negotiate an end to the war in Ukraine within 24 hours. But he did not indicate which side should give in.
It is initially speculated that Trump will lean towards Putin's side because Trump does not like Zelensky. The final outcome may be that Trump forces Ukraine to cede territory in exchange for peace.
In addition to the war in Ukraine, Trump also wants to end events such as the Gaza War and the violent conflict in Lebanon.
However, this is just the surface situation. In fact, the more intense the war in the Middle East, the more Trump will benefit. Because Israeli Prime Minister Netanyahu is a supporter of Trump. Trump cannot control Israel.
5. No abortion ban
In 2022, the US Supreme Court overturned the constitutional right to abortion. This means that abortion is illegal in the United States.
Trump had said during a debate with Harris that he would not sign a national abortion ban.
But Trump has not expressed his position, believing that individual states should have the right to decide their own abortion laws.
6. Pardon some of the participants in the January 6 riots
In 2020, Trump lost the election against Biden. At that time, Trump had a lot of fanatical supporters who stormed the Capitol on January 6, 2021, trying to prevent Biden's victory.
Of course, the violent attempt ultimately failed and resulted in several deaths. Trump himself was accused of being the real culprit behind inciting the riot.
Trump has since downplayed the significance of the riot. Now that he is back in the White House, he says many people were wrongly imprisoned and that he will pardon some of those involved in the riot.
7. Fire Special Counsel Smith
Smith and Trump are sworn enemies. Until recently, Smith was still leading the investigation of two criminal cases related to Trump.
Trump also said that once he takes office, he will fire Smith within 2 seconds. Trump believes that Smith has politically persecuted him.
Although Trump has been trying to delay the case until after the election, he was convicted of falsifying business records in New York. Trump is also the first president to be criminally convicted.
Trump’s Impact on Cryptocurrency
The cryptocurrency market has been booming in the past two days. Bitcoin hit $76,000, a record high. Ethereum and Dogecoin also saw huge gains. Some coins even saw a daily increase of more than 50%.
The reason for all this is that Trump is a supporter of cryptocurrency.
Trump has promised that if he returns to the White House, he will make the United States the global capital of cryptocurrency and will strategically build up Bitcoin reserves.
Musk, a key supporter of Trump, said that if Trump is elected, a Department of Political Efficiency, abbreviated as DOGE, will be established.
These factors are the root causes of the current surge in the crypto market.
