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    MarketForces Africa » Foreign » Trump Secures Over 270 Votes to Win U.S. Presidential Election 

    Trump Secures Over 270 Votes to Win U.S. Presidential Election 

    Julius AlagbeBy Julius AlagbeNovember 6, 2024 Foreign No Comments3 Mins Read
    Trump Secures Over 270 Votes to Win U.S. Presidential Election 
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    Trump Secures Over 270 Votes to Win U.S. Presidential Election 

    Donald Trump, 78, recaptured the White House on Wednesday by securing more than the 270 Electoral College votes needed to win the presidency.

    Edison Research projected, following a campaign of dark rhetoric that deepened the polarisation in the country.

    Trump was elected president, capping a remarkable comeback four years after he was voted out of the White House and ushering in a new American leadership likely to test democratic institutions at home and relations abroad.

    The former president’s victory in the swing state of Wisconsin pushed him over the threshold.

    “America has given us an unprecedented and powerful mandate,” Trump said early on Wednesday to a roaring crowd of supporters at the Palm Beach County Convention Centre in Florida.

    Trump’s political career had appeared to be over after his false claims of election fraud led a mob of supporters to storm the U.S. Capitol on Jan. 6, 2021, in a failed bid to overturn his 2020 defeat.

    However, he swept away challengers inside his Republican Party and then beat Democratic candidate Kamala Harris by capitalising on voter concerns about high prices and what Trump claimed, without evidence, was a rise in crime due to illegal immigration.

    Harris did not speak to supporters who had gathered at her alma mater Howard University. Her campaign co-chair, Cedric Richmond, briefly addressed the crowd after midnight, saying Harris would speak publicly later on Wednesday.

    “We still have votes to count,” he said.

    Republicans won a U.S. Senate majority, but neither party appeared to have an edge in the fight for control of the House of Representatives where Republicans currently hold a narrow majority.

    Voters identified jobs and the economy as the country’s most pressing problem, according to Reuters/Ipsos opinion polls.

    Many Americans remained frustrated by higher prices even amid record-high stock markets, fast-growing wages and low unemployment.

    With the administration of President Joe Biden taking much of the blame, a majority of voters said they trusted Trump more than Harris to address the issue.

    Hispanics, traditionally Democratic voters, and lower-income households hit hardest by inflation helped fuel Trump’s election victory.

    His loyal base of rural, white and non-college-educated voters again showed up in force.

    Trump prevailed in spite of persistently low approval ratings. Impeached twice, he has been criminally indicted four times and found civilly liable for sexual abuse and defamation.

    In May, Trump was convicted by a New York jury of falsifying business records to cover up hush money payments to a porn star.

    His victory will have major implications for U.S. trade and climate change policies, the war in Ukraine, Americans’ taxes and immigration.

    His tariff proposals could spark a fiercer trade war with China and U.S. allies, while his pledges to reduce corporate taxes and implement a spate of new cuts could balloon U.S. debt, economists say.

    Trump has promised to launch a mass deportation campaign targeting immigrants in the country illegally.#Trump Secures Over 270 Votes to Win U.S. Presidential Election #

    Treasury Bills Market Rally Ahead of CBN Midweek Auction

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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