2024 U.S. Elections

The U.S. dollar has seen a moderate increase since Donald Trump's election victory, reflecting expectations of fiscal easing and stronger growth. A larger surge in dollar strength may occur if tariffs are imposed on China, potentially leading to significant global financial impacts, per commentary from Brookings.

Cutting federal government spending under the Trump administration may harm essential public services, creating significant backlash from citizens. Disruption caused by deep cuts could lead to political repercussions, complicating the government's efficiency goals, per commentary from Brookings.

With Donald Trump's potential return to the White House, global partners must adapt to a shift toward an "America First" foreign policy. This approach prioritizes U.S. interests and presents a more unpredictable stance towards international relations, per commentary from Center for Strategic and International Studies.

The world trading system faces significant challenges due to proposed tariffs by the U.S. president, notably a 60% tariff on China. These actions threaten to disrupt global trade and create tensions among member nations, as they debate their responses to this situation, per commentary from Peterson Institute for International Economics. 

Per commentary from Center for American Progress, President-elect Trump faces pressure from corporate lobbyists to prioritize special interests at the expense of public lands. The proposed actions threaten the environmental protections that Trump previously disavowed during his campaign.  

• James Pethokoukis at American Enterprise Institute writes that the newly announced Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy, will act as an external consulting group to the Trump White House, aiming to provide recommendations to streamline government operations by July 4, 2026.

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• The commentary argues that Washington policymakers should examine actionable proposals for improving healthcare, Social Security, and tax reform. These policies emphasize market incentives, fiscal responsibility, and economic growth, as discussed in the AEI report "A Balanced Plan for Fiscal Stability and Economic Growth."