Five major changes the United States may face after Trump's victory
The New York Times predicted five major changes in American politics following Trump's return to power:
1. Strengthening presidential power: Trump may increase presidential power by adding more "loyalists" to federal government departments independent of the White House to change the balance of power.
2. Cracking down on political opponents: Trump is likely to "use his presidential power to retaliate against his perceived enemies," with current President Biden and his family being the first targets. Previously, Trump stated that if he were re-elected, he would appoint a special prosecutor to investigate Biden and his family.
3. Tight control over immigration: cracking down on illegal immigration has always been one of Trump's core policies. Stephen Miller, Trump's chief immigration adviser, said that the second Trump administration will massively deport illegal immigrants, and it is expected that more than one million people will be deported from the United States every year.
4. Massive taxation: Trump plans to impose new tariffs on most imported goods, with a general tax rate of 10%. The New York Times pointed out that this will not only raise domestic prices in the United States but may also trigger a global trade war, damaging the interests of US exporters.
5. Alienating European allies: Trump is likely to alienate traditional European allies, weaken NATO, and even directly lead the United States to withdraw from NATO.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Phantom issues emergency patch after update knocks users from iOS wallet app
This app introduces new DeFi strategies, including those powered by RWAs
U.S. money market fund assets exceed $7 trillion for the first time
SEC Chairman Gary Gensler Makes Final Lobbying Call for US Crypto Regulation