Trump's Economic Agenda Dominates 2024 Presidency

Donald Trump has returned to the Oval Office, with his administration expected to focus on economic policies such as significant tax cuts and aggressive tariffs, particularly targeting imports from China and Mexico. His presidency is anticipated to challenge liberal norms and deregulate in favor of growth, with the backing of prominent figures like Elon Musk. Trump's cabinet picks, including Howard Lutnick for Commerce Secretary, suggest a continuation of his hardline trade policies, though there is speculation about the stability of these appointments. His economic agenda may lead to increased inflation and a larger federal deficit, causing ripple effects across markets. Internationally, Trump is expected to take a tougher stance on China and support for Israel, with cabinet appointments reflecting these priorities. Domestically, his administration is expected to face challenges with governance and crisis management, potentially setting the stage for a Democratic resurgence in 2026.