Trump as president: Worries domestically and globally, the day after, over what comes next

WASHINGTON, U.S. - In a shock victory, Donald Trump was, on Wednesday, elected president of the United States of America. His election has led to concerns within the country and globally over ...


• Trump will have access to all the nation's most sensitive secrets

• Banking sector poised to benefit from Trump presidency

• Anxiety among Asian allies

WASHINGTON, U.S. - In a shock victory, Donald Trump was, on Wednesday, elected president of the United States of America. His election has led to concerns within the country and globally over what comes next.

While "gender" played a more important role than ever before in this highly volatile election, America will have to wait for the glass ceiling to be cracked in another election that ends with the country’s first woman president assuming power. 

Trump, despite being embroiled in an ugly controversy over his demeaning attitude and remarks towards women, was elected by 42 percent of woman no less. 

Many were drawn to Trump's promise to restore jobs and prosperity to white working-class communities, and to penalise U.S. companies that manufacture their goods overseas. 

In addition, pregnant women and veterans may also stand to benefit. Trump's plan offer six months of paid maternity leave to mothers whose employers don't provide it. 

For female veterans, Trump has promised to invest in the treatment of "invisible wounds" like post-traumatic stress disorder and depression, and to increase the number of doctors who specialise in women's health.

There are, however, worries over his position on abortion. While the right to abortion is currently guaranteed, because of a 1973 Supreme Court judgment, this could be reversed if Trump appoints a conservative to the vacant spot in the U.S. Supreme Court. Back to full strength, the court will again tilt right, as it has for decades.

Liberals are particularly fearful of what comes next at the Supreme Court. And if another seat, currently occupied by a liberal, falls vacant while Trump is president, the balance of power at the Supreme Court could truly shift.

There are also security concerns. 

As president-elect, Trump will get the same top secret national security briefings they give President Barack Obama. These will include some of the government’s most closely-guarded secrets, including details of undercover espionage operations and classified intelligence collection methods, including the National Security Agency’s controversial eavesdropping operations.

Senior officials are hoping that these briefings will be approached with professionalism. 

“I have seen the transformation that occurs when candidates become presidents and realise the awesome responsibility that rests on them. We can only hope it happens again,” said John McLaughlin, a former deputy director of the CIA who participated in presidential briefings.

Trump's victory has also left global markets stumbling. 

Financial markets reacted quickly and negatively to the unknowns of a Trump stewardship of the world’s largest economy. 

By Wednesday afternoon, though, stocks had rebounded.

Trump has, so far, provided so few fleshed-out policy details that he fostered the impression of a White House that would be run largely on his instincts. 

For some investors and analysts, that approach has left a sense of unease about the possible direction of the U.S. economy under his watch.

Three areas where Trump's policies will have a big impact in the regional economy are trade, the financial sector and health care.

In particular, his trade policy seeks to reverse several decades of liberalisation, commencing with a withdrawal from the as-yet unratified Trans-Pacific Partnership (TPP) currently before Congress, a renegotiation or possible withdrawal from the North American Free Trade Agreement (NAFTA) with Canada and Mexico, the labelling of China as a currency manipulator, and the imposition of a 45 percent tariff on Chinese imports into the U.S.

Even his tax plans have raised questions about whether single parents might face a higher tax burden while the wealthy enjoy sizeable savings. 

The banking sector, meanwhile, is poised to benefit from Republicans lawmakers having a newly elected president from their side of the aisle to sign financial regulatory relief bills into law.

Although Trump has been relatively mum on his plans for banking policy, he said last year that the government should “get rid of” the landmark 2010 Dodd-Frank Act passed after the financial crisis.

Dodd-Frank rules require big banks to hold on to more capital, undergo more intense regulatory scrutiny and limit their ability to return capital to shareholders in the form of dividends and stock buybacks.

Trump's victory will also deepen Asian allies’ anxiety about Washington’s commitment to post-war security arrangements in the face of a rising China and volatile North Korea, and could bolster calls from conservatives in Tokyo for a more robust defense policy.

Trump’s ‘‘America First’’ rhetoric and calls for allies to pay more of the cost for U.S. troops in the region or face their possible withdrawal have worried officials in some Asian capitals.

So has his opposition to a 12-nation pan-Pacific trade pact - Tran-Pacific Partnership - that was a linchpin of Washington’s ‘‘pivot’’ to the region. 

It has implications not only for trade, but security, since Washington and Tokyo had seen the TPP as way of creating a new regional rule-based architecture to counter China.

In the Middle East, Trump’s election generated concern over his stance on Muslims and immigrants as well as uncertainty about how the president-elect will navigate the tangled web of regional alliances and execute the policy objectives he has set out. 

Questions are hanging over how he will deal with the war against the Islamic State militant group, the Israeli-Palestinian conflict and the nuclear deal President Obama negotiated with Iran, which the president-elect opposes.

He's vowed to "bomb the hell out of ISIS," but presented no clear plan on how he plans to go about this. 

Syrian rebels are, meanwhile, concerned about losing all American support after Trump's criticism of the U.S. assistance program.

Trump's clearest policy in the region, support for Israel, is coupled with a Republican Party platform that dropped talk of a two-state solution — of Israel and Palestine — and rejects the notion Israel is an occupying power.

Environmental activists will have much to be worried about. 

Trump has long been hostile to the climate deal reached in Paris last year, which aims to cut greenhouse gas emissions around the world, saying it favors growing economies at the expense of the United States and pledging to “cancel” it as president.

Given the U.S. position as the world’s number two polluter, American commitment to the Paris deal is key to its success. Any opposition from Trump to the plan will raise questions about its viability going forward. 

Under Trump, what's in store for space agency NASA is unclear. 

His space advisors have, however, made some things clear: They want the space program to focus more on human deep space exploration and less on researching the Earth and climate science.

Whichever path he decides to take, president-elect Donald Trump plans to move quickly ahead next year to fulfill his agenda. 

His unexpected victory provides what Republicans have been seeking for a decade: Unified control of the government and a chance to pursue a conservative agenda, transforming them from the “party of no” into a party that can enact significant legislation.

 

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