Latest Cover Story | Trump's Comeback (AI Translation)

最新封面报道｜特朗普回归

[para. 1] On November 5, 2024, Donald Trump, a 78-year-old Republican candidate and the 45th president of the United States, was reelected with a larger margin than anticipated, set to be inaugurated on January 20, 2025. This marks a historical event, as he becomes the first former president to be reelected since Grover Cleveland in the late 19th century. The Republican Party also regained control of the Senate and maintained its majority in the House of Representatives. With a conservative tilt in the Supreme Court, the executive, legislative, and judicial branches are expected to be dominated by conservatives once Trump assumes office again.

[para. 2][para. 3] Trump's 2024 campaign was more prepared than his unexpected win in 2016. Despite numerous legal challenges and accusations of inciting the January 6 Capitol riot, Trump quickly secured the Republican nomination. Even an assassination attempt in July 2024 failed to dampen his momentum. His conduct during this crisis appealed to those looking for a "strong leader" amidst global turmoil, resulting in a significant poll bounce. Consequently, President Joe Biden abandoned his reelection bid, leaving Vice President Kamala Harris as the Democratic candidate. Though Harris initially led in polls, her campaign was unable to maintain its momentum due to a lack of a distinct personal appeal and agenda.

[para. 4][para. 7] The election day remained unpredictable, with agencies labeling the race as "neck-and-neck." However, Trump gained the upper hand shortly after votes were counted, securing key wins in Florida, North Carolina, and Georgia with improved performance over 2020. Harris's vote share dropped in traditional Democratic strongholds compared to Biden's in 2020. Trump ultimately triumphed with 312 electoral votes, surpassing the necessary 270, while Harris garnered 226. Notably, Trump also secured over 73 million popular votes, marking a win in both the Electoral College and the popular vote.

[para. 8][para. 11] Trump's victory sparked immediate market reactions, with Wall Street indices reaching record highs due to expectations of deregulation policies. However, Chinese stocks declined amid fears of renewed trade tensions. U.S. Vice President Kamala Harris conceded her defeat on November 6, calling for a peaceful transition of power while acknowledging the election loss.

[para. 13][para. 15] Trump's re-election is attributed to his emphasis on economic concerns and illegal immigration. The U.S. economy faced severe post-Covid inflation, pressuring wage earners. In his campaign, Trump highlighted illegal immigration as a security threat, resonating with many voters. Despite Kamala Harris's diverse background and focus on issues like abortion rights, voters remained concerned about economic issues, swaying them towards Trump.

[para. 17][para. 19] Trump succeeded in securing voter support across various demographics, even among African Americans and Asian Americans. His policies on abortion and economic management resonated with voters over Harris's protection of abortion rights. Notably, Trump's support rose significantly among Latino voters, securing 45% compared to Biden's previous 66% in 2020.

[para. 20] Expecting possible radical policy changes, Trump aims to pursue substantial revisions to the U.S. tax system, establish a "national cryptocurrency reserve," impose broad tariffs, and introduce sweeping immigration reforms. As he reassumes office, Trump's governing team is expected to execute a strong conservative agenda, reforming the civil service system to replace politically neutral officials with loyalists, potentially undermining bipartisan neutrality.

[para. 21][para. 22] On the international front, Trump's stance, particularly on NATO and potential foreign policy shifts, might strain U.S.-Europe relations. The reimplementation of a unilateral foreign policy could see Trump reasserting aggressive positions on trade, impose major sanctions, and affect relations with strategic allies. Meanwhile, potential changes in U.S.-China relations, with Trump's 60% tariff on Chinese goods, tighten export controls, and restrictions on Chinese investments, could intensify economic disputes.

[para. 24][para. 30] Trump's "America First" campaign rhetoric included substantial increases in tariffs and the reduction of dependence on China, indicating potential trade tensions between the two nations. In response, China may seek to minimize economic impact while bolstering its domestic economy and international standing. Meanwhile, Trump's proposals are expected to put significant strain on both economies, potentially leading to greater global economic instability.