Republican Donald Trump stunned the world by defeating heavily favored Hillary Clinton in Tuesday’s presidential election, ending eight years of Democratic rule and sending the United States on a new, uncertain path.
A wealthy real-estate developer and former reality TV host, Trump rode a wave of anger toward Washington insiders to win the White House race against Clinton, the Democratic candidate whose gold-plated establishment resume includes stints as a first lady, U.S. senator and secretary of state.
Share markets tumble
Worried a Trump victory could cause economic and global uncertainty, investors were in full flight from risky assets such as stocks, and the U.S. dollar sank.
In overnight trading, S&P 500 index futures fell 5 percent to hit their so-called limit down levels, indicating they would not be permitted to trade any lower until regular U.S. stock market hours on Wednesday.
Heal the divisions : Trump
Trump, appearing with his family before cheering supporters in a New York hotel ballroom, said it was time to heal the divisions caused by the campaign and find common ground.
“It is time for us to come together as one united people,” Trump said. He praised Clinton for her service and said he had received a call from her to congratulate him on the win. “I will be president for all Americans.”
Trump had repeatedly slammed his campaign rival as “crooked” during their bruising campaign.
His win raises a host of questions for the United States at home and abroad. He campaigned on a pledge to take the country on a more isolationist, protectionist “America First” path. He has vowed to impose a 35 percent tariff on goods exported to the United States by U.S. companies that went abroad.
Trump, who at 70 will be the oldest first-term U.S. president, came out on top after a bitter and divisive campaign that focused largely on the character of the candidates and whether they could be trusted to serve as the country’s 45th president.
- Published on 9 November 2016 - Inputs from Reuters