Former President Donald Trump has outlined a sweeping set of policy goals he would implement if he were to win a second term in the 2024 presidential election. His proposed plans represent a dramatic shift from the current administration under President Joe Biden. Know more about Donald Trump and the US election!
Key elements of Trump’s agenda include
Border and Immigration
- Immediately direct ICE to undertake the largest domestic deportation operation in U.S. history, targeting those with “jihadist sympathies” and revoking student visas of those with anti-American and anti-Semitic views.
- Move thousands of U.S. troops currently stationed overseas to the southern border and shift federal agents from agencies like the DEA and FBI to immigration enforcement.
- Build more of the border wall with Mexico.
Dismantling the “Deep State
- Strip tens of thousands of career civil service employees of their protections to allow for mass firings as he seeks to “totally obliterate the deep state.”
- Reissue the 2020 “Schedule F” executive order to reclassify and target “corrupt bureaucrats” and “corrupt actors” in national security and intelligence.
- Likely focus on people linked to the criminal investigations and prosecutions against him for potential retribution.
Overall, the implementation of Trump’s proposed policies would represent a dramatic government overhaul, arguably more consequential than his first term which was marked by chaos and hastily written executive orders. Get a perspective about Donald Trump and the US Election!
Assassination Attempt on Donald Trump and Its Impact on the US Election
Trump was shot in the ear during the rally in Pennsylvania on July 14, 2024, and the investigating authorities were treating it as an assassination attempt. Trump, with blood splattered on his face, clenched his fist immediately after the attack, and his campaign said he was in good spirits after the incident.
Before the shooting, markets had reacted to the prospect of a Trump presidency by pushing the dollar higher and positioning for a steeper U.S. Treasury yield curve, and those trades could strengthen in the coming week. Such an assassination attempt was the first since the 1981 assassination attempt on Republican President Ronald Reagan which is the shooting of a U.S. president or major party candidate.
World leaders and U.S. politicians have condemned the shooting, while some industry leaders, including Tesla Inc. CEO Elon Musk, have voiced support for Trump. Since his shaky performance against Trump in the presidential debate two weeks ago, doubts have grown among donors, supporters, and Democrats alike about Biden’s ability to beat Trump and meet the demands of his administration.
A Reuters/Ipsos poll shows immigration and the economy are top issues for the U.S. voters, with Trump seen as the better candidate for the economy, even though the Biden White House hopes to benefit from a robust economy with slowing inflation and low unemployment.
Market analysts expect trade policies to become more restrictive, regulations to be loosened and climate protection rules to be relaxed under the Trump administration. Investors are also hoping for an extension of corporate and income tax cuts that expire next year, raising concerns about rising budget deficits under the Trump administration.
