Summary
- Donald Trump has decisively won the 2024 US presidential election and will be inaugurated as the 47th president in January.
- His economic agenda includes lowering taxes, raising tariffs, withdrawing from key agreements, and moving away from the global trade order.
- The implications of these measures could include increased US public debt, disruption of global value chains, and a decline in international trade.
- Australia must now adapt to the return of Trump and navigate potential challenges in trade and economic relations.