US Elections 2024

Potential Impacts on the US, Global Scale, and Trump’s Policy Revival

The US Elections 2024 have always been a focal point, not just for Americans but for the entire world. The 2024 election is set to be another monumental event, with significant implications both domestically and internationally. The prospect of Donald Trump’s return, along with his agenda for policy reversals and new initiatives, brings an added layer of uncertainty. In this article, we explore the potential impacts of the upcoming election on the US economy, global markets, and international relations, as well as Trump’s plans to discontinue certain policies if elected.

1. Domestic Impact of the US Elections

Economic Shifts and Market Reactions

The outcome of the 2024 US election will have a substantial effect on the nation’s economy. Presidential policies can impact everything from tax laws to employment rates:

Stock Market Volatility: Elections often bring volatility to the stock market as investors anticipate changes in policies. A Trump victory may cause markets to react positively to potential tax cuts, but concerns over trade wars could create uncertainty.
Healthcare Policy Overhaul: Healthcare reform is likely to be a hot topic. Trump’s plans may focus on rolling back parts of the Affordable Care Act, potentially impacting millions of Americans’ health coverage.

Political Polarization and Social Impacts

The 2024 election is set to be one of the most divisive in US history. Social issues such as abortion rights, gun control, and immigration will be at the forefront, with Trump advocating for a more conservative agenda:

Immigration Reform: Trump has expressed intentions to reimplement stricter immigration policies, focusing on border control and limiting pathways to citizenship.
Abortion and Reproductive Rights: Given recent changes in the legal landscape surrounding abortion, Trump’s stance could lead to further restrictions, potentially reversing existing state protections.

2. Global Impact of the US Elections

The US plays a central role in global politics, trade, and economic stability. The result of the 2024 election will ripple through the international community, affecting everything from foreign policy to climate initiatives.

Economic and Trade Relations

Trade Wars and Tariffs: Trump has been vocal about reinstating his tough stance on China, which could escalate trade tensions once again. This may lead to increased tariffs and potential retaliation from China, impacting global trade dynamics.
Energy Markets and Climate Policies: A Trump presidency could see a rollback of green energy initiatives, favouring fossil fuel production instead. This shift would impact international climate agreements, potentially slowing down global progress on combating climate change.

Foreign Policy and International Alliances

Revamping NATO Commitments: Trump’s previous criticisms of NATO and suggestions of reduced US involvement could strain alliances and weaken the organization’s cohesion.
Middle East Policy: Trump’s policies may see a return to a more unilateral approach in the Middle East, with potential repercussions for stability in the region.

3. Trump’s Proposed Policies and Discontinuations

Trump’s agenda for 2024 includes a range of policy changes aimed at reversing many of Biden’s initiatives. Here’s a look at some of the key areas he has targeted:

1. Repealing Biden’s Green Initiatives

Trump has been a critic of Biden’s push towards renewable energy, labeling it as costly and detrimental to traditional energy sectors. If elected, Trump plans to:

Revive Fossil Fuel Industries: Trump aims to boost oil, gas, and coal production, rolling back regulations that restrict fossil fuel exploitation.
Withdraw from Climate Agreements: Trump may pull back from international climate commitments, arguing that these agreements put the US at an economic disadvantage.

2. Education Reforms

Trump has expressed a desire to reshape the US education system:

Ban Critical Race Theory (CRT): Trump has stated intentions to ban CRT from schools, arguing that it promotes divisiveness.
Expand School Choice Programs: His plan would likely emphasize vouchers and private school funding, potentially reducing public school budgets.

3. Healthcare Policy Revisions

Healthcare is another area where Trump intends to make significant changes:

Repeal Parts of the Affordable Care Act: Trump aims to dismantle parts of the ACA, claiming it burdens businesses and taxpayers.
Drug Pricing Reforms: He may reintroduce policies to reduce drug prices by increasing competition, though critics worry this could impact innovation.

4. Immigration Crackdown

A central theme of Trump’s 2024 campaign is a renewed focus on strict immigration policies:

Reinstate the Travel Ban: Trump has hinted at bringing back travel restrictions for certain countries, citing national security concerns.
Build the Border Wall: Trump plans to resume construction of the southern border wall, reinforcing his stance on limiting illegal immigration.

Conclusion

The 2024 US Presidential Election is poised to be a defining moment in shaping the nation’s future. The potential return of Donald Trump brings with it a promise of sweeping changes, many of which aim to reverse the policies of the Biden administration. Whether these shifts will lead to prosperity or division remains to be seen. On a global scale, the impacts will be profound, influencing trade, foreign relations, and climate initiatives.

As the election draws closer, the stakes couldn’t be higher. The world will be watching closely, as the next US President will hold the power to set the course not just for America but for global stability and economic growth.