Republican presidential candidate Donald Trump has declared victory over Democratic rival Kamala Harris after being projected to win the key battleground states of Pennsylvania, North Carolina and Georgia. To win the presidency, a candidate needs at least 270 Electoral votes.
Trump’s victory speech emphasized his commitment to helping the country heal, calling it a “political victory that our country has never seen before.” Despite not all networks calling the election, Trump has been declared the winner in key swing states, Pennsylvania, Georgia, and North Carolina, with leads in other states still awaiting official calls.
The mood in Harris’ camp The mood was starkly different at Kamala Harris’s camp, with gloom descending as supporters departed a Washington watch party. Harris’s campaign co-chair, Cedric Richmond, assured that the vice president would address the nation the following day, leaving many wondering about the future of the Democratic Party.
In a significant blow to Democrats, Trump’s Republican Party also gained control of the Senate, flipping two seats to overturn a narrow Democratic majority. This shift in power has far-reaching implications, both domestically and internationally, as US allies in Europe and Asia express concerns about Trump’s nationalist policies and praise for autocrats like Vladimir Putin.
Despite global concerns, financial markets reacted positively to Trump’s potential victory, with the US dollar surging and bitcoin reaching a record high. Most equity markets also advanced as traders bet on a Trump win, showcasing the complex and multifaceted impact of this election on the global economy.
