In the 2024 US presidential election, former President Donald Trump was re-elected. Check out Trump's pledges, the economic impact, and the outlook for related stocks.

On November 6, 2024, Donald Trump was re-elected as the US President. Let’s take a look at the major pledges he will pursue during his term, along with the impact on the economy and related stocks.

Summary of Trump's election pledges

1. Strengthening immigration and borders
- Mass deportation of illegal immigrants and construction of border walls
- End birthright citizenship, ban on Chinese people buying land in the US

2. Economic and tax cuts
- Income tax and corporate tax reduction
- Imposing additional tariffs on Chinese goods and banning US companies from investing in China

3. Strengthening the defense industry
- Push to end the war in Ukraine, reduce military support
- Growth of defense companies in the U.S. expected along with strengthening of defense industry

4. Energy and Environment
- Withdrawal from Paris Climate Agreement, halt of offshore wind power development
- Expanding oil and shale gas production and activating traditional energy markets

5. Social and Educational Policies
- Promoting religious activities in public schools, banning transgender women from participating in women's sports
- Abolish the Department of Education, end LGBTQ education programs

The Economic Impact of Trump's Election

President Trump's pledges are expected to have a significant impact on certain industries. The withdrawal of environmental policies and the expansion of fossil fuel production are likely to benefit the energy industry. On the other hand, renewable energy industries such as solar and wind power are expected to take a hit.

- Energy Industry : Energy-related stocks are likely to outperform due to increased fossil fuel production and an active oil industry.
- Defense Industry : Military spending is expected to increase and the defense industry is expected to strengthen, and stocks related to the defense industry are also expected to benefit.
- Financial industry : The stock prices of banks and financial institutions are expected to rise due to financial deregulation.

Beneficiaries of Trump's election

Trump's policies will have a positive impact on stocks in some specific industries. Stocks that are expected to benefit include:

- Energy stocks : Oil and gas stocks such as ExxonMobil and Chevron
- Defense stocks : stocks related to the defense industry such as Lockheed Martin and Raytheon
- Financial stocks : Stocks of financial institutions such as Goldman Sachs and JPMorgan Chase
- Infrastructure stocks : Stocks related to construction and materials due to expansion of infrastructure investment in roads, airports, etc. in the U.S.

conclusion

The election of former President Trump is expected to bring many changes to the United States.

If promises such as strengthening immigration policies, withdrawing environmental policies, and strengthening the defense and energy industries are actually implemented, these industries are expected to benefit. Investors need to pay attention to stocks related to energy, defense, finance, and infrastructure in line with Trump's policy direction.

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