Former U.S. President and Republican party nominee won a second term in office on November 6, 2024

Tags: Person in news

 Donald Trump

Why in news:?

• Former U.S. President and Republican party nominee won  a second term in office on November 6, 2024, defeating Vice-President Kamala Harris, the Democratic nominee.

Important Point:

• Donald Trump will be the 47th President of the United States.He was also 45th President of United state America.
• Trump is the second president in U.S. history to serve non-consecutive terms since 1897

Possible implications on global trade and peace:

• Trump will potentially be one of the more powerful US presidents in recent memory with the ability to deliver on his ambitious but contested agenda. 
• This includes radical measures on trade, such as his declared intent to put a 60 per cent tariff on all imports from China and an across-the-board 10-20 per cent tariff on imports from other countries. 
• Trump has pledged to pursue peace in the Middle East amid ongoing conflicts involving Israel, Hamas, Hezbollah, and Iran, though specifics on his approach remain unclear.

Possible implication on India:

• Higher tariffs on Indian exports, restrictions on visas, rising inflation in the US impacting forex markets, rupee depreciation likely as Donald Trump makes a comeback.
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