Donal Trump’s victory raises questions on his relationship with the UK.
(The Post News)- After being elected as the 47th president of the United States, Donald Trump is scheduled to return to the White House. On Wednesday morning, he was declared the winner in Wisconsin, hitting the 270 electoral votes necessary to secure the presidency. The win signifies a remarkable return for the ex-Republican leader, who incited a violent uprising at the US Capitol when he refused to concede defeat four years ago.
After realizing Trump would win on Wednesday morning, United Kingdom (UK) Prime Minister Sir Keir Starmer congratulated the president-elect immediately, as did his Foreign Secretary David Lammy, and the UK government is eager to establish positive relations with the new administration.
Trump promised to apply tariffs on imports to the United States, potentially affecting economies worldwide. Bronwen Maddox, head of the Chatham House foreign affairs think tank, expressed her belief that tariffs would likely be among the initial impacts felt by Britain under President Donald Trump.
In contrast, Professor Jonathan Portes from Kings’ College London expressed his opinion that the introduction of tariffs could result in a significant impact on the worldwide economy, including the UK. He stated that the US current fiscal path cannot be sustained in the medium term. He mentioned that even though a major crisis is not expected soon, Trump’s tax cuts could increase the chance of elevated long-term interest rates, causing additional harm to both the UK economy and our fiscal status.
Certain economists think that Trump’s win could result in reduced US GDP and increased US inflation due to his elevated import duties and decreased immigration measures. Paul Dales from Capital Economics informed the newspaper that the US Federal Reserve’s funds rate would increase by 0.5 percentage points. Meanwhile, Sir Keir Starmer, a former human rights lawyer from north London, was one of the first world leaders to congratulate the newly elected president on his victory and noted the long-term special connection that will flourish as a result.
Nonetheless, Sadiq Khan, the Labour Mayor of London, stated that many Londoners will be concerned about the outcome, despite his continued fight with Trump during his first term. He noted that many people will be concerned about the ramifications for democracy, women’s rights, and the impact on the Middle East and Ukraine. Others will be concerned about the future of NATO or addressing the climate crisis. He further stated that today’s lesson is that progress is not “inevitable.”
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