The results of the 2024 U.S. presidential election have emerged, with the Decision Desk Headquarters (DDHQ) announcing that Republican presidential candidate Trump has secured 270 votes, defeating Democratic presidential candidate Harris's 213 votes, thus beginning his second presidential term.
On Wednesday (November 6), at the close of trading in Asia, the dollar and Bitcoin surged again, while gold plummeted to $2,710.
Trump won the presidential election, having left Washington four years ago under a cloud of disgrace and an uncertain political future, and now he has finally secured a second term. DDHQ made this decision after announcing that Trump is expected to win Pennsylvania and Alaska (which gives him exactly 270 electoral votes).
Trump defeated Vice President Harris in this election, which saw many unexpected developments: Trump faced criminal trials during the campaign, the former president survived two assassination attempts, and the Democratic candidate list changed after President Biden withdrew from the race.
Trump becomes the first president in over 120 years to lose the White House and then win it back, following President Grover Cleveland in 1892.
After about 100 days of intense campaigning against Harris, Trump secured the 270 electoral votes needed to enter the White House, with polls in seven key battleground states showing a very small gap between the two candidates up until election day.
Trump ultimately achieved an overwhelming victory, regaining support in Georgia, controlling North Carolina, and breaking the 'blue wall'. He is expected to win the popular vote by a narrow margin, something he failed to do in 2016, and which the Republican Party has accomplished only once since 1992.
Trump and his running mate, Senator JD Vance, took advantage of voters' dissatisfaction with rising costs, increased immigration at the southern border, and instability abroad during the Biden administration to win back voters to his policies.
Polls show that Trump has made significant gains among Latino voters, consolidating his advantage in rural areas, with support among young male voters nearly on par with Harris, a group that Trump's campaign is actively courting.
Trump has pledged to implement the largest deportation operation in U.S. history, extend the tax cuts he signed in 2017, impose universal tariffs on foreign imports, eliminate protections for transgender youth, shut down the Department of Education, and restrict environmental regulations. He also hinted that he would seek to recruit loyal supporters for his administration.
Billionaire Musk (Elon Musk) has explicitly stated his support for Trump, sharing a photo of himself sitting with Trump and Dana White at an event at Mar-a-Lago.
With the Republican Party regaining a majority in the Senate, Trump's election could provide an opportunity for Republican presidents to strengthen conservative control over the Supreme Court.
Looking back, Trump entered the White House in 2016 with a narrow victory but failed to secure re-election in 2020. In the weeks following that election, he promoted unverified claims of mass fraud and ultimately instigated a violent attack on the Capitol on January 6, 2021, as his supporters attempted to block the certification of Biden's victory.
In 2023, he was federally charged in Washington D.C. for attempting to cling to power after losing the 2020 election. However, Trump has stated that he will quickly dismiss special prosecutor Jack Smith, who is responsible for this case, thereby preventing major legal actions against him.
Trump's statements and actions during his first term raised questions from several former cabinet officials and senior aides, some of whom compared him to a dictator. In 2023, he was charged in four different jurisdictions and was found guilty of 34 felonies in New York City in May of that year. He was impeached twice during his first term and left office with an approval rating below 40%. In 2021, he left Washington without attending his successor's inauguration.
If Trump is convicted, his political career could come to an end, and he would be unable to run for president again. However, he now has the potential to further change the image of the Republican Party, and McConnell's position as Senate leader will also end in January next year.
Some predictions about the end of Trump's political career were incorrect; it turns out that due to his loyal supporter base, Trump easily secured the Republican nomination. In July of this year, he seemed to be on a clear path to the presidency, having survived an assassination attempt and gained full party support at the Republican convention, leading Biden in polls.
Trump, at 78 years old, is the oldest elected president in U.S. history, slightly older than Biden in 2020. Although he previously expressed a willingness to disclose detailed medical records, he has refused to do so.
Trump will become the second president in U.S. history to serve two consecutive terms, but under the 22nd Amendment to the Constitution, his term will be limited, meaning he cannot seek re-election in 2028.
"Trump Deal" Surge: The Dollar and Bitcoin are the Big Winners, Gold Plummets Rapidly
Bitcoin saw an increase of over 8%, indicating that it is indeed the main player in Trump's dealings. With increased bets on Trump's election as president, cryptocurrency prices reached a historic high of over $75,000.
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