Trump's Second Act: Impacts and Challenges Ahead

Donald Trump’s potential return to the White House could reshape American business and policy. His administration might feature notable figures like Elon Musk, focus on cutting federal budgets, reducing regulations, implementing extensive tariffs, reviving energy sectors, addressing labor unions, restructuring finance regulations, and navigating antitrust issues.


Devdiscourse News Desk | Updated: 06-11-2024 17:11 IST | Created: 06-11-2024 17:11 IST
Trump's Second Act: Impacts and Challenges Ahead
Donald Trump

Donald Trump's anticipated second term could significantly alter the landscape of American business and policy, with key roles expected for prominent figures such as Elon Musk.

His administration aims to slash the $6.75 trillion federal budget, possibly through reduced regulations, raising questions about how this might affect sectors like autonomous vehicles and cryptocurrencies.

Trump's proposed tariffs on imports could raise consumer prices and impact employment while boosting the oil and gas industry. Amidst the potential changes, challenges loom regarding labor unions, financial regulation, and antitrust policies.

(With inputs from agencies.)

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