The policies shaping the future of the United States
- 53
- Socially Responsible Enterprise
- 00:21 29/11/2024
DNHN - Donald Trump's re-election as President of the United States will mark the beginning of a major turning point in trade policy, with far-reaching effects on global trade.
Results of the 2024 U.S. Presidential Election
According to PBS News, citing data from Open Secrets as of November 5, 2024, a total of $5.5 billion has been spent by presidential candidates, political parties, and independent interest groups to influence federal elections.
Forbes reported that at least 135 members of the Three-Comma Club (individuals with a net worth over $1 billion) supported Democratic candidate Kamala Harris (83 individuals) and Republican candidate Donald Trump (52 individuals). Notable billionaires backing Harris include Bill Gates, Michael Bloomberg, Laurene Powell Jobs, and Melinda French Gates, while Trump has support from Elon Musk and Timothy Mellon.
Additionally, Trump broke his own record as the richest presidential candidate in history, with his net worth surging over $8 billion in October 2024, thanks to a significant increase in the stock value of his social media company, Truth Social. Though the stock later cooled down and his net worth fell below $6 billion, Trump’s wealth was still vastly higher than Kamala Harris's, whose net worth is only 0.1% of his.
In the November 6, 2024 election, Donald Trump received 76,818,362 popular votes (50% of total voters), while Kamala Harris earned 74,308,711 votes (48.4% of voters). Trump secured 312 electoral votes (surpassing the 270 needed for victory), while Harris garnered 226. Consequently, Trump won the presidency, becoming the 47th President of the United States, with his inauguration scheduled for January 20, 2025, in Washington D.C.
Furthermore, the Republican Party secured control of the U.S. Senate, winning 53 seats (out of 51 needed), compared to the Democratic Party’s 47 seats. The Republicans also took control of the House with 219 seats (out of 218 needed), while the Democrats gained 213 seats.
Thus, Trump and the Republican Party achieved a sweeping victory across all three fronts in the 2024 elections, paving the way for implementing the policies he promised during his campaign.
Key Policies for Trump’s 2025-2029 Term
-
Tax Cuts: Trump plans to reduce corporate taxes to boost U.S. business activity, and he has suggested eliminating federal taxes on tips and Social Security benefits. This tax cut is expected to lead to strong economic growth in 2026 and 2027.
-
Tariffs: Trump proposes a tariff range from 10% to 20% on all imports, and up to 60% on imports from China, to encourage businesses to manufacture within the U.S., creating jobs and boosting the economy.
-
Government Debt: As of November 2024, U.S. government debt surpassed $36 trillion. Trump's policies, particularly tax cuts, will add to this debt, potentially increasing borrowing costs and impacting the economy.
-
Immigration: Trump advocates for strict immigration controls, including mass deportations of illegal immigrants and stricter legal immigration criteria. This could reduce the labor force in the U.S. and strain the economy.
-
Federal Reserve: Trump has repeatedly criticized the Federal Reserve's interest rate policies. With his re-election, he may push for more influence over monetary policy.
-
International Conflicts: Trump opposes U.S. involvement in global conflicts. He aims to resolve the Ukraine-Russia conflict within 24 hours of taking office and seeks to strengthen U.S.-Israel relations.
- PV
Related news
- VINASME and Jeonnam Technopark Sign MOU on technology cooperation, human resource training, and trade promotion
- Vietnamese entrepreneurs strengthen ASEAN connectivity in the digital iIntegration era
- Prime Minister: Vietnam aims to become a regional logistics hub
- Vietnam upgraded to Secondary Emerging Market by FTSE Russell
- Hanoi’s economy grows 7.92% in first nine months of 2025, FDI surges nearly threefold
- Vietnam’s strong gdp growth fails to ease labor market distress
- US tariffs on Brazil propel Vietnam’s pangasius into global spotlight
- VietLeap AI Accelerator launches: A strategic springboard for Vietnam’s AI startups
- CICON expands strategic alliances: A new step forward in Vietnam–Korea business connectivity
- What must Vietnamese enterprises do to maintain their position in the global supply chain?
- Vietnam advances cybersecurity law to boost digital sovereignty and business resilience
- Vietnam embraces digital tools to modernize public administration
- Administrative procedures for establishing the national technology exchange reduced to one application set
- Vietnam hits highest FDI inflow since 2009, fuels industrial real estate boom
- Foreign investors expected to open 150,000 new securities accounts in the next 5 years
- Government’s plan to implement Law on Digital Technology Industry approved
- Vietnam launches “Private Economy Panorama Model” to foster public-private national development
- Shark Nguyễn Hòa Bình: Hanoi will become the capital of startup innovation.
- Deputy Prime Minister Lê Thành Long meets with Osaka Governor Yoshimura Hirofumi to promote Vietnam–Japan cooperation.
- White House: When politics and technology join forces to rewrite the global AI order
Đọc thêm Socially Responsible Enterprise
Hanoi’s economy grows 7.92% in first nine months of 2025, FDI surges nearly threefold
Hanoi maintained robust growth momentum in the first nine months of 2025 with GRDP up 7.92% year-on-year, driven by strong services and construction sectors.
Vietnam’s strong gdp growth fails to ease labor market distress
As the year draws to a close, the pressing challenge for businesses and policymakers is how to rebuild worker morale, retain top talent, and stabilize employment amid lingering uncertainty.
Vietnam ramps up efforts to lift EU “Yellow Card” on Illegal fishing
Prime Minister Pham Minh Chinh has called for intensified and coordinated efforts to have the European Commission’s “yellow card” on Vietnam’s fisheries removed within this year.
Quang Tri calls for investment in wind power plant project worth over VND 1,100 billion
The People’s Committee of Quang Tri Province has officially announced the Hưng Bắc Wind Power Plant Project as part of its investment invitation portfolio.
Hanoi receives two million visitors during the four-day National Day holidays
From August 30 to September 2, Hanoi received around 2.08 million visitors during the four-day National Day holidays , three times higher than the figure in the same period last year, the municipal Department of Tourism reported.
Ca Mau gradually makes its mark on the national tourism map
By 2025, Ca Mau aims to attract 8.4 million visitors and achieve a total revenue exceeding 8,585 billion VND, contributing to the province's double-digit growth target.
UNDP Resident Representative hails Vietnam as an emerging economic powerhouse
Millions of people have been lifted out of poverty, hunger has been eliminated, and the economy has maintained consistent growth rates of over 6 per cent, UNDP Resident Representative in Vietnam Ramla Khalidi remarks.
Alpha Books Chairman Nguyen Canh Binh: The survival weapons of Vietnamese entrepreneurs in the age of AI.
Alpha Books Chairman Nguyen Canh Binh shares three essential lessons to ensure the survival and growth of Vietnamese entrepreneurs in the digital age: creativity, connection, and collective intelligence.
Mr. Le Viet Thang, CEO of 1Office: "Don’t use old solutions for new ai challenges"
As artificial intelligence (AI) reshapes the global technology landscape, Vietnam is taking decisive steps to establish a National AI Research and Development Center, alongside the National Data Center.
Pakistani Ambassador to Vietnam: “Peace and unity are the strength to build the future.”
Against the solemn backdrop of the Chancery courtyard, the national flag of Pakistan slowly ascended to the stirring notes of the national anthem, officially marking the 79th Independence Day of Pakistan.