Donald Trump’s return to the US presidency is expected to bring significant shifts in both domestic and foreign policies, especially with the Republican Party controlling the Senate and potentially the House of Representatives.
This situation positions Trump strongly to pursue his key policy priorities, such as rolling back environmental regulations and shifting the implementation of the Inflation Reduction Act. These changes may slow the transition to a green economy, alter infrastructure spending patterns, and boost investments in oil and gas extraction.
Additionally, Trump’s unilateralist ‘America First’ policies are likely to increase global trade tensions, particularly with countries like Mainland China, and strain relationships with NATO allies, Japan, and South Korea.
Despite his strong political position, Trump is anticipated to face substantial constraints in enacting his more radical policies due to domestic and external factors.
Environmental regulations may be rolled back, slowing the transition to a green economy
Increased global trade tensions are anticipated, especially with Mainland China
Relationships with NATO allies, Japan, and South Korea may experience renewed strains
Trump is likely to face significant constraints in enacting his more radical policies
Financial Fortune is a digital financial news website and print business magazine published in Nairobi by Fortune & Transit Publishers Ltd and covers the financial services sector through news, views and extensive people coverage since 2018.