Donald Trump was elected America’s 45th president Tuesday, an astonishing victory for a celebrity businessman and political novice who capitalized on voters’ economic anxieties, took advantage of racial tensions and overcame a string of sexual assault allegations on his way to the White House. His triumph over Hillary Clinton will end eight years of Democratic dominance of the White House and threatens to undo major achievements of President Barack Obama. He’s pledged to act quickly to repeal Obama’s landmark health care law, revoke the nuclear agreement with Iran and rewrite important trade deals with other countries, particularly Mexico and Canada.
The Republican blasted through Democrats’ longstanding firewall, carrying Pennsylvania and Wisconsin, states that hadn’t voted for a GOP presidential candidate since the 1980s. He needed to win nearly all of the competitive battleground states, and he did just that, claiming Florida, Ohio, North Carolina and others.
Global stock markets and U.S. stock futures plunged deeply, reflecting investor alarm over what a Trump presidency might mean for the economy and trade.