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Donald Trump is set to return as President of the United States, ushering in the era of Trump 2.0. His new agenda focuses on tax cuts, reducing trade deficits, and limiting immigration. Trump aims to maintain low tax rates and has proposed a revamped tax structure in his "2025 Plan," which could worsen income inequality. Dr. Luk noted that while Trump's tax policies may stimulate the economy, they could also increase national debt and impact social welfare spending, thereby challenging government operations.

Donald Trump is set to return as President of the United States, ushering in the era of Trump 2.0. His new agenda focuses on tax cuts, reducing trade deficits, and limiting immigration. Trump aims to maintain low tax rates and has proposed a revamped tax structure in his "2025 Plan," which could worsen income inequality. Dr. Luk noted that while Trump's tax policies may stimulate the economy, they could also increase national debt and impact social welfare spending, thereby challenging government operations.

With Trump’s recent victory in the U.S. presidential election, the new administration is set to appoint a fresh slate of department heads. However, the position of Federal Reserve Chair Jerome Powell will remain unchanged. Despite being Trump’s nominee, Powell has often found himself at odds with the President, particularly over interest rate hikes, which Trump has publicly criticized.

With Trump’s recent victory in the U.S. presidential election, the new administration is set to appoint a fresh slate of department heads. However, the position of Federal Reserve Chair Jerome Powell will remain unchanged. Despite being Trump’s nominee, Powell has often found himself at odds with the President, particularly over interest rate hikes, which Trump has publicly criticized.

In the highly anticipated US presidential election, regardless of the outcome, the elected candidate will significantly impact the international political and economic landscape. Trump's foreign economic policy during his first term has already become apparent, with a strong focus on using tariffs as a negotiation tool. If re-elected, he intends to impose tariffs of up to 60% to 100% on Chinese products and 10% to 20% on goods from other countries.

In the highly anticipated US presidential election, regardless of the outcome, the elected candidate will significantly impact the international political and economic landscape. Trump's foreign economic policy during his first term has already become apparent, with a strong focus on using tariffs as a negotiation tool. If re-elected, he intends to impose tariffs of up to 60% to 100% on Chinese products and 10% to 20% on goods from other countries.

The upcoming US presidential election is poised to be a historic one, with its outcome closely tied to economic performance. Recent events, including the Russia-Ukraine war, soaring inflation, and the US-China tech rivalry, have created a turbulent global landscape. Voters are primarily concerned with economic issues, employment, healthcare, and immigration.

The upcoming US presidential election is poised to be a historic one, with its outcome closely tied to economic performance. Recent events, including the Russia-Ukraine war, soaring inflation, and the US-China tech rivalry, have created a turbulent global landscape. Voters are primarily concerned with economic issues, employment, healthcare, and immigration.

While Africa is gaining a voice globally, with the African Union joining the G20, its economic progress lags behind. Africa's per capita income declined from 30% of the global average in 1990 to only 21% in 2023, with low participation in international trade beyond exporting raw materials.

While Africa is gaining a voice globally, with the African Union joining the G20, its economic progress lags behind. Africa's per capita income declined from 30% of the global average in 1990 to only 21% in 2023, with low participation in international trade beyond exporting raw materials.