Global Reaction to Trump’s Election Victory

World leaders rushed to congratulate Republican Donald Trump on Wednesday after Fox News projected he had defeated Democratic Vice President Kamala Harris in the US presidential election, which would cap a stunning political comeback four years after he left the White House.

Here are views from financial market participants.

VOLODYMYR ZELENSKIY, PRESIDENT OF UKRAINE

"I appreciate President Trump’s commitment to the 'peace through strength' approach in global affairs. This is exactly the principle that can practically bring just peace in Ukraine closer," Zelenskiy said on X.

BENJAMIN NETANYAHU, PRIME MINISTER OF ISRAEL

"Congratulations on history's greatest comeback! Your historic return to the White House offers a new beginning for America and a powerful recommitment to the great alliance between Israel and America. This is a huge victory! In true friendship," Netanyahu wrote on X.

EMMANUEL MACRON, PRESIDENT OF FRANCE

"Congratulations, President Donald Trump. Ready to work together just as we knew how to do during four years. With your convictions and with mine. With respect and ambition. For more peace and prosperity.," Macron wrote on X.

KEIR STARMER, BRITISH PRIME MINISTER

"Congratulations President-elect Trump on your historic election victory. I look forward to working with you in the years ahead. As the closest of allies, we stand shoulder to shoulder in defense of our shared values of freedom, democracy and enterprise."

MARK RUTTE, SECRETARY-GENERAL OF NATO

"I just congratulated Donald Trump on his election as President of the United States. His leadership will again be key to keeping our Alliance strong. I look forward to working with him again to advance peace through strength through NATO", he said in a post on X.

GIORGIA MELONI, PRIME MINISTER OF ITALY

In a post on X Meloni offered her "most sincere congratulations" to Trump, and said Italy and the United States had an "unshakeable alliance". "It is a strategic bond, which I am certain we will now strengthen even further," she said.

DMITRY MEDVEDEV, FORMER RUSSIAN PRESIDENT

"Trump has one useful quality for us: as a businessman to the core, he mortally dislikes spending money on various hangers–on and stupid hanger-on allies, on bad charity projects and on voracious international organizations," Medvedev, now a senior security official, posted on his official Telegram account.

DICK SCHOOF, DUTCH PRIME MINISTER

"Congratulations to @realDonaldTrump on winning the presidential election. The United States is an important ally for the Netherlands, both bilaterally and in international contexts such as NATO. I look forward to our close cooperation on the shared interests between the USA and the Netherlands," he posted on X.

KARL NEHAMMER, AUSTRIAN CHANCELLOR

"Congratulations to @realDonaldTrump on the election victory. The United States is an important strategic partner for Austria. We look forward to further expanding and strengthening our transatlantic relations to successfully address global challenges together."

VIKTOR ORBAN, HUNGARIAN PRIME MINISTER

"The biggest comeback in US political history! Congratulations to President @realDonaldTrump on his enormous win. A much needed victory for the World!" Orban posted on X.

PETR FIALA, CZECH PRIME MINISTER

"Congratulations to Donald Trump on winning the presidential election. Our shared goal is to ensure that the relations between our countries remain at the highest level, despite changes in administration, and that we continue to develop them for the benefit of our citizens," Fiala said on X.

MARCEL CIOLAC, PRIME MINISTER OF ROMANIA

"Congratulations to President @realDonaldTrump on this historic victory! Romania stands ready to work together to enhance our Strategic Partnership. Under your new leadership we hope for peace and prosperity for all our citizens! Looking forward to a fruitful collaboration!" he posted on X.

ULF KRISTERSSON, PRIME MINISTER OF SWEDEN

"I congratulate Donald Trump on being elected the next president of the United States. I look forward to working together and continuing the excellent US-Sweden relations as friends and allies."

JONAS GAHR STOERE, PRIME MINISTER OF NORWAY

"I would like to congratulate Donald Trump on his victory in the US presidential election. The US is Norway's most important ally and we work closely together in many areas. I look forward to continuing our cooperation with the US under Mr. Trump's leadership."

METTE FREDERIKSEN, PRIME MINISTER OF DENMARK

"Congratulations to Donald Trump on the election. The United States is our most important ally. We must maintain the close cooperation between the United States and Denmark and continue to strengthen the transatlantic bond that has endured through generations."

NAYIB BUKELE, PRESIDENT OF EL SALVADOR

"Congratulations to the President-Elect of the United States of America, @realDonaldTrump. May God bless and guide you," Bukele posted on X.

NATO Secretary-General Mark Rutte warned on Thursday that a Russian victory over Ukraine would undermine the dissuasive force of the world’s biggest military alliance and that its credibility could cost trillions to restore.
NATO has been ramping up its forces along its eastern flank with Russia, Belarus and Ukraine, deploying thousands of troops and equipment to deter Moscow from expanding its war into the territory of any of the organization’s 32 member countries.
“If Ukraine loses then to restore the deterrence of the rest of NATO again, it will be a much, much higher price than what we are contemplating at this moment in terms of ramping up our spending and ramping up our industrial production,” the Associated Press quoted Rutte as saying.
“It will not be billions extra; it will be trillions extra,” he said, on the sidelines of the World Economic Forum in Davos, Switzerland.
Rutte insisted that Ukraine’s Western backers must “step up and not scale back the support” they are providing to the country, almost three years after Russia’s full-fledged invasion began.
“We have to change the trajectory of the war,” Rutte said, adding that the West “cannot allow in the 21st century that one country invades another country and tries to colonize it."
"We are beyond those days,” he said.
Anxiety in Europe is mounting that US President Donald Trump might seek to quickly end the war in talks with Russian President Vladimir Putin on terms that are unfavorable to Ukraine, but Rutte appeared wary about trying to do things in a hurry.
“If we got a bad deal, it would only mean that we will see the president of Russia high-fiving with the leaders from North Korea, Iran and China and we cannot accept that,” the former Dutch prime minister said. “That would be geopolitically a big, big mistake.”
Polish Foreign Minister Radek Sikorski welcomed Trump's acknowledgement that it must be Russia which should make the first peace moves, but he cautioned that “this is not the Putin that President Trump knew in his first term.”
On Wednesday, Trump threatened to impose stiff taxes, tariffs and sanctions on Moscow if an agreement isn’t reached to end the war, but that warning will probably fall on deaf ears in the Kremlin. Russia's economy is already weighed down by a multitude of US and European sanctions.
Sikorksi warned that Putin should not be put at the center of the world stage over Ukraine.
“The president of the United States is the leader of the free world. Vladimir Putin is an outcast and an indicted war criminal for stealing Ukrainian children,” Sikorski said.
"I would suggest that Putin has to earn the summit, that if he gets it early, it elevates him beyond his, significance and gives him the wrong idea about the trajectory of this,” he said.

Global Reaction to Trump’s Election Victory