U.S. voters’ decisive swing toward President-elect Donald Trump reflects dissatisfaction with recent inflation, as well as deeper fears about slipping financial security.
With his threat to impose tariffs on all imported goods, the rest of the world will have to learn how to better work together, without becoming too dependent on each other.
Trump will inherit an economy already on relatively solid footing. Inflation has slowed and wages have begun to catch up with higher prices. While companies aren’t hiring at the same breakneck pace as they were coming out of the pandemic,
Roughly two-thirds of voters rated the economy as “not so good” or “poor,” compared to just one-third who rated it as “excellent” or “good,” exit polls found.
Much has changed in the economy since you left office in 2021. You’re inheriting an amazing recovery. But that can change quickly. Inflation may not be fully vanquished, and consumers are anxious about the future.
The U.S. presidential election result has ensured a sharp turn in economic policy expected to upend global commerce and diverge from decades of American norms.
President-elect Donald Trump tapped into deep anxieties about an economy that seemed unable despite its recent growth to meet the needs of the middle class.
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