After overcoming a series of legal and political obstacles, Donald Trump wins the presidency of the United States and prepares to return to the White House next January. This to begin a presidential term that, in the opinion of several analysts, could generate fundamental changes in the American system.
About four years are approaching, which for Republicans means “the recovery of the country,” while Democrats aim for a presidency without “retaining fences” to limit what they consider Trump’s most dangerous proposals.
The situation is aggravated by the fact that Trump already has a conservative supermajority on the Supreme Court, which has been strengthened by the recent victory of the Republicanswho have managed to obtain at least 52 of the 100 seats in the Senate.
The results of the Lower House are still being tallied, and will be announced in the coming days. But the figures already offer greater room for maneuver to the new president. It is expected, therefore, that Trump will have free space to implement many of the ideas that were repeatedly cited during his election campaign.
Starting from scratch with Elon Musk
Among the priority issues are immigration restrictions, which imply mass deportation plans for undocumented residents and strong restrictions on access on the border with Mexico.
But to this extent a more controversial plan is addedin which billionaire Elon Musk is involved, who will be in charge of making a massive reduction of the federal government through the “Department of Government Efficiency.”
In this way, in the new Trump administration, Musk promises to make a reinvention of the federal bureaucracy. “Let’s start from scratch,” he said at an October event in Pittsburgh. The goal would be to carry out a restructuring through drastic spending cuts with the help of artificial intelligence (which would reach 2 trillion dollars).
Musk says that the changes will be made smoothlyoffering generous severance packages to laid-off government employees, while proposing an evaluation system that threatens “wasteful employees” with layoffs.
Fight against dedollarization
“If you leave the dollar, you will not do business with the United States because we are going to impose a 100% tariff on your products,” Trump said last September, during the campaign. With this, he announced plans to impose charges for currency manipulation and tariffs for every country. to opt for a currency other than the dollar for bilateral trade.
This is one of the measures with which plans to fight the dedollarization plan launched by China and Russia (along with the rest of the BRICS countries), with which they seek to reduce the global dominance of the dollar.
China and Russia have continued their goal of reducing the influence of the US dollar. Source: Bing create.
Their idea is that it would be too costly for countries to stop using the US currency. He thereby defends the role of the dollar as the main world reserve currency, warning that losing that position It would be devastating for the US. It is to be expected, therefore, that the BRICS plans will find fierce opposition from the new president, who looks willing to avoid collapse of its currency.
Bitcoin-como-reserva-estrategica-nbsp”>Bitcoin as a strategic reserve
Trump’s promises also include those he has made for the bitcoin (BTC) ecosystem, which includes lCreation of a strategic reserve in BTC and its use as a tool for solve the debt problem that affects the United States.
Trump has given support to the bill presented by Senator Cinthya Lummis, pledging to keep 100% of all bitcoins that the US government has in custody and to continue purchasing coins to maintain the reserve.
After having declared in favor of cryptocurrenciesit is possible that the Republican supports regulations that allow the development of companies in the sector and promotes the advancement of Bitcoin Mining. Although after the victory many members of the community have expressed their skepticism that Trump fulfills the promises he made during his campaign.
Confiscated bitcoins can be an important store of value for states and governments. Fountain: bitcointere / pxhere.com
Tax cuts to recover the economy
In economic matters, hopes are placed on the president-elect recovering the economy and repeating the beneficial period that Americans experienced during Trump’s first presidencybefore the arrival of the covid-19 pandemic.
To this end, Trump promise apply tax cuts to extend those he already carried out during his first government, when he reduced the corporate rate to 21% and also cut taxes on individuals. In that sense, it plans to lower that rate to 15%, also eliminating taxes on tips and on pensioners’ social security payments.
He has also spoken of impose tariffs of 10 to 20% designed to protect American jobswhich could significantly increase the cost of imported products and possibly intensify the trade war with China.
As a way to fight inflation It is proposed to increase energy production in the US, by increasing the exploitation of fossil fuels. The president promises that the rate will remain at 2%, as happened between 2016 and 2020.
A president with “superpowers”
In order to surround himself with a team of loyal people, the so-called Agenda 47 will be launched, which through the signing of an executive order will allow place trusted people in key positions of the Executive, replacing career officials.
This agenda excites Trumpists and, in fact, it is something that he attempted when he signed, in August 2020, a similar order whose fruits he did not reap, since shortly after he had to leave the presidency after losing the elections.
Agenda 47 proposes dismantling the Deep State, which is considered to be affected by corruption. This, added to the Republican supermajorities in the Senate, Congress and the Supreme Court – together with the majority support won in the popular vote – makes Trump one of the presidents with greatest power and support in American history.
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