Donald Trump Victory in US Elections 2024: Two Concerning Factors For India

Donald Trump wins the US Elections 2024 after breaching the majority mark of 270. The opponent, Kamala Harris, from the Democratic party, gives tough competition and secures 224 seats.

Donald Trump is now elected as the 47th president of the US and begins his second term from November 6, 2024. Donald Trump returns to the White House after defeating the Democrats. It was viewed as a positive sign for India due to the friendly relations between PM Modi and Donald Trump.

Today, after the historic win of Trump, Indian PM Modi and opposition leader Rahul Gandhi congratulated Donald Trump on Twitter.

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US Elections 2024: Donald Trump Victory, Concerns for India

In the US Elections 2024, Donald Trump victory is celebrated in India, but two factors that can raise concern are trade and immigration. India should be cautious of the Trump presidency due to his harsh views on trade and immigration.

Trade Under Donald Trump Presidency

Donald Trump said during a rally in Wisconsin, “If you abandon the dollar, you’re not doing business with the United States because we will impose a 100% tariff on your goods.”

Two months ago, Donald Trump announced his intention to impose a 100% tariff on goods from countries that move away from using the US dollar in international trade. This proposal forms part of Trump's broader strategy to counter efforts by China, India, and other nations to de-dollarize their trade.

Trump has floated the idea of a 10% or more tariff on all goods imported into the US, a move he says would eliminate the trade deficit. But critics say it would lead to higher prices for American consumers and global economic instability.

The US is the largest destination for Indian merchandise exports. In 2023-24, imports into India from the US amounted to $42.2 billion, while exports from India were valued at $77.52 billion. High taxes on Indian exports can impact India's economic growth.

Immigration Under Donald Trump Presidency

Donald Trump's tough stand on citizenship can spell trouble for the big Indian in the US. Trump has promised to end automatic citizenship for children. The plan is not just for children born to illegal immigrants.

The draft executive order reads, “It will direct federal agencies to require that at least one parent be a US citizen or lawful permanent resident for their future children to become automatic US citizens.”

Conclusion

Donald Trump wins the US Elections 2024 with a majority of 277 seats and returns back to the white house. In his second term, Trump may impact the Indian exports with high tariffs and may end the automatic citizens for the children.

However, the US-friendly relationship with India will also play an important role, and some relaxation is expected.

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