Stunning
Trump Victory Upends U.S. Status Quo
GUEST
BLOG—By the Council on Foreign Relations--Republican Donald J.
Trump was elected the forty-fifth president of the United States in an upset
against Democratic rival Hillary Clinton following a campaign that emphasized
what he said was the country’s wayward economic path. In a victory speech (USA Today),
Trump vowed to "bind the wounds of division," and added, "the
forgotten men and women of our country will be forgotten no longer."
Trump, a real estate developer and reality television host with no background
in government, won 279 votes in the electoral college to Clinton's 218 at
latest count (NYT). Republicans also kept control of both chambers of Congress
(WaPo). Based on Trump’s campaign positions (CFR), the vote could set the stage
for sweeping rollbacks of President Barack Obama’s initiatives, including trade
deals, the Iran nuclear agreement, and the Paris climate change accords (FT).
Trump, who received congratulations from a range of world leaders (FT), is
expected to meet Obama at the White House on Thursday.
ANALYSIS
"President-elect
Donald Trump seems set to pursue a dramatic, even radical, revamp of the U.S.
economy. His advisors have signaled that, on assuming office, he will use
executive orders in a wide range of areas including trade, immigration and
financial regulation. Beyond that, though, he will need congressional support.
While he will have the advantage of Republican majorities in both houses, his
economic policies are in many respects outside of traditional Republican
orthodoxy, suggesting that he will need to build bipartisan coalitions on
specific issues," writes CFR's Robert Kahn.
“Mr. Trump has suggested in speeches, interviews and
statements on the campaign trail that he would reorient U.S. policy in
potentially significant ways, questioning U.S. support to the North Atlantic
Treaty Organization and other historic alliances, upending trade deals and
drawing closer to Russian President Vladimir Putin," Carol E. Lee and
Felicia Schwartz write for the Wall Street Journal.
"America has its Brexit. The only difference is
that this time there is no part of the world that can dismiss this as a local
European difficulty. After this, the free-market, open, globalist-minded world
can only sit back and wonder where the next domino will fall. Maybe France; is
anyone now confident that Marine Le Pen cannot win the presidency next year?
Whatever comes next cannot reverberate as much as Donald Trump’s improbable
victory. It is now beyond doubt that we are seeing a revolt against the
political and economic order that has governed the western world for
decades," Robert Shrimsley writes for the Financial Times.
About
the CFR:
The
Council on Foreign Relations (CFR) is an independent, nonpartisan membership
organization, think tank, and publisher dedicated to being a resource for its
members, government officials, business executives, journalists, educators and
students, civic and religious leaders, and other interested citizens in order
to help them better understand the world and the foreign policy choices facing
the United States and other countries. Founded in 1921, CFR takes no
institutional positions on matters of policy.
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