CONTENT PREVIEW
Country Risk

US Election: Trump wins decisive presidential victory, Republicans maintain Congressional control

10 November 2016
President-elect Donald Trump gives his acceptance speech during his election night rally, 9 November 2016, in New York. Source: PA

Key Points

  • President-elect Donald Trump's victory represents a win for a populist movement that converged around economic disaffection, trade protectionism, and immigration reform.
  • At home, Trump will look to undo a number of major policies of incumbent Barack Obama's presidency including executive actions, Obamacare, and energy-sector initiatives.
  • The potential for issue-based civil unrest remains, with the threat of a large-scale anti-election protest movement likely avoided.

EVENT

Republican candidate and businessman Donald Trump has been elected the 45th president of the United States, beating Democratic candidate and former secretary of state Hillary Clinton with 279-218 Electoral College votes. In elections held on 8 November across the US, Republicans also retained a majority in the House of Representatives and the Senate.

Domestic policy implications

As a guide to his likely domestic policy priorities, President-elect Donald Trump has set out a 100-day action plan called the Contract with the American Voter. The main take away from this plan and his consistent statements on the campaign trail is that he will look to initiate a series of rollbacks on incumbent president Barack Obama's policies. Central among Trump's domestic agenda items include cancelling executive actions Obama ordered (including on immigration, gun control, and Cuban-American relations), and repealing the Affordable Care Act. Additionally, he has proposed driving growth in the energy sector by removing restrictions put in place during the Obama administration including on the production of American energy reserves including shale, oil, natural gas and clean coal, and to certain energy infrastructure projects including the Keystone pipeline. Indeed, Trump spoke during his acceptance speech about investing in infrastructure broadly as a driver of new jobs.

Additionally, with the benefit of a Republican majority in both houses of Congress, Trump will also prioritise his flagship tax reform initiatives including reducing the number of tax brackets from seven to three and cutting corporate tax rates across the board from 35% to 15%.

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