look news india
During his election campaign, Trump signaled his intention to pursue tax reform by making the Tax Cuts and Jobs Act of 2017 permanent, reducing the corporate tax rate, and providing income tax relief. According to Moody's, if Trump becomes president for a second term, he may adopt more aggressive immigration policies. However, this strictness could lead to a shortage of workers in sectors such as agriculture, retail, hospitality, construction and healthcare.
China's loss, India's gain
Regarding Trump's foreign policy, Moody's said trade and investment flows in the Asia-Pacific region could shift away from China as the US tightens investment in strategic sectors. The rating agency said, “India and ASEAN countries can benefit from this change in US policy. “Continued polarization between the US and China also risks exacerbating geopolitical divisions in the region, which could disrupt the global supply of semiconductors.”
What will be the impact on climate policy?
In terms of climate policy, this is expected to change, as Trump is advocating increased fossil fuel production under the banner of “American energy dominance.” “The Trump administration could potentially again withdraw from the Paris Agreement and reverse commitments to reduce greenhouse gas emissions to net zero by 2050,” it said.
Great victory over Kamala Harris
According to US news channels, Arizona's victory in the presidential election took President-elect Donald Trump's electoral votes to 312, well above the 270 required for the magic figure of majority. Meanwhile, Democratic Vice President Kamala Harris was far behind with 226 votes.
