You probably know by now that Donald Trump is going to be the next President of the United States, securing an unprecedented victory.
But what’s next?
Here are some of the things he has promised.
Imposing Lots of Tariff
Trump intends to implement substantial tariffs on imported goods to bolster domestic industries and address trade imbalances. You can think of tariff as taxes that overseas companies have to pay to import their goods in the United States.
He has proposed 10% to 20% tariff on all foreign goods entering the United States. This measure aims to encourage domestic production and reduce reliance on imports.
Furthermore, he plans to add 60% tariff on products imported from China, targeting trade practices deemed unfair and seeking to protect U.S. industries from Chinese competition.
However, economists have expressed concerns that such tariffs could lead to higher consumer prices and potential trade wars, impacting both the U.S. and global economies.
His Plans for International Conflicts
Trump claimed he could end the Russia-Ukraine war within 24 hours by facilitating negotiations between Russia and Ukraine. However, he has not provided specific details on how he would achieve this resolution.
Moreover, Trump plans to reassess the United States’ role in NATO, emphasizing that European nations should increase their defense spending and take on a more significant share of their security responsibilities. This approach may lead to a rebalancing of NATO’s structure and funding.
You can watch this video to know more about NATO:
In addition, he might demand that Taiwan pay for its defense.
Strengthening Border Security and Immigration Enforcement
This is one of his key promises, and he has often used border security to attack Kamala Harris.
Trump has pledged to implement comprehensive measures to secure the U.S. border and manage immigration effectively. This includes launching major deportation initiatives and addressing illegal immigration.
And no, for this election, he didn’t repeatedly talk about a “wall”.
Expanding Fossil Fuel Production
Trump intends to increase fossil fuel production by ending many of the Biden administration’s climate policies. This approach aims to achieve energy independence and boost the domestic energy sector.
Rescinding the TikTok Ban
Yes, you can probably hear cheers from US TikToker.
In a reversal of his previous stance (he was the first to propose a ban), Trump has opposed banning TikTok, despite acknowledging it as a national security threat. He argues that such a ban would benefit competitors like Facebook and has expressed concerns over First Amendment rights.
Whether he will, or can, reverse the ban is another matter altogether.
Enacting Tax Cuts and Economic Reforms
Trump has promised to extend the tax cuts from his 2017 Tax Cuts and Jobs Act, notably the individual income tax breaks. He also plans to reduce the corporate tax rate to 15% for companies that manufacture products in the U.S.
Yes, by now, you should’ve seen a trend: he plans to keep a lot of jobs within the U.S.
Reforming the Education System
He aims to close the federal Department of Education and promote patriotic values in schools. He also plans to use federal funds to place armed guards in schools to enhance security.
Implementing Strict Measures on Crime
Trump proposes granting the death penalty for drug dealers and child traffickers. He also supports shooting shoplifters as a deterrent to crime.
Of course, we won’t know if those are just promises to gain voters.
Appointing Business Leaders to Key Government Positions
However, this isn’t an empty promise: Trump plans to appoint prominent business figures to his administration. For instance, he has proposed Elon Musk to lead a new “Department of Government Efficiency” aimed at reducing spending and regulations.
He once said that Musk is an expert at this, given that he cut jobs the moment he bought Twitter.
Watch this for a complete summary of what REALLY happened to Qoo10, and why it's like a K-drama:
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