Trump live updates: Markets and world leaders react to America’s new president-elect

Former President Donald Trump has won a decisive victory over Vice President Kamala Harris in the 2024 presidential election, winning the battleground state map by margins that surprised even Trump’s closest allies.

Stock futures surged as states were called for Trump and Republicans gained several Senate seats.

Trump promised to impose heavy tariffs on imported goods if he was elected, claiming that they will simultaneously boost U.S. revenues, strengthen domestic industries and deter unwanted foreign competition.

Mainstream economists warn that the tariffs, which are taxes paid by U.S. importers, will raise prices on American consumers.

“We’re going to help our country heal,” Trump said Tuesday “We’re going to fix everything about our country.”