Global Reaction to Trump’s Election Victory

 Former US President and Republican presidential candidate Donald Trump points to his wife former US First Lady Melania Trump during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, early on November 6, 2024. (AFP)
Former US President and Republican presidential candidate Donald Trump points to his wife former US First Lady Melania Trump during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, early on November 6, 2024. (AFP)
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Global Reaction to Trump’s Election Victory

 Former US President and Republican presidential candidate Donald Trump points to his wife former US First Lady Melania Trump during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, early on November 6, 2024. (AFP)
Former US President and Republican presidential candidate Donald Trump points to his wife former US First Lady Melania Trump during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, early on November 6, 2024. (AFP)

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.



Erdogan Invites Trump to Visit Türkiye

Turkish President Tayyip Erdogan meets with US President Donald Trump during the NATO summit in London, Britain, December 4, 2019. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS/File Photo
Turkish President Tayyip Erdogan meets with US President Donald Trump during the NATO summit in London, Britain, December 4, 2019. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS/File Photo
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Erdogan Invites Trump to Visit Türkiye

Turkish President Tayyip Erdogan meets with US President Donald Trump during the NATO summit in London, Britain, December 4, 2019. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS/File Photo
Turkish President Tayyip Erdogan meets with US President Donald Trump during the NATO summit in London, Britain, December 4, 2019. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS/File Photo

President Tayyip Erdogan sought to reset Türkiye's strained ties with the United States by inviting President-elect Donald Trump to visit, and said Trump spoke very positively about Türkiye during a phone call.

Trump's election victory this week was generally met with cheer in NATO-member Türkiye, with markets rallying and some officials cautiously optimistic about prospects for new US economic policies.

Erdogan told reporters on a flight back from a European summit in Budapest that he hoped Trump would accept the invitation.

He said he hoped a visit would strengthen cooperation between Türkiye and the United States and lead to a relationship "different from (Trump's) previous term", when clashes on a number of issues led to Washington imposing punitive tariffs that hurt Türkiye's economy.

"We had a sincere call with Mr. Trump while he was at a family dinner (that included) Elon Musk and Musk's child," Erdogan said of the Wednesday call, according to an official Turkish readout.

"He had very nice things to say about Türkiye regarding the period ahead. We invited him to our country. I hope he accepts..."

Ankara's cooperation with Trump's White House could also help solve regional crises, added Erdogan, who has led Türkiye for more than 21 years in what opponents call an increasingly authoritarian style, accusations he denies.

Outgoing US President Joe Biden did not visit Türkiye during his term and Erdogan's planned White House visit early this year fell through with little explanation, underlining the cool relations.

While Erdogan and Trump had closer personal bonds in Trump's 2017-21 term as president, it was also a period of strained bilateral ties due to disputes over Washington's ties with Kurdish fighters in Syria and over Ankara's ties with Moscow.

An official in Erdogan's AK Party told Reuters that Ankara expects the Trump administration to be more flexible and understanding of its security needs, especially against the outlawed Kurdistan Worker's Party (PKK) in Syria and Iraq.

After Trump's election win, Türkiye's lira touched its strongest level in weeks, while Istanbul stocks have since risen more than 5%.

Trade Minister Omer Bolat said on Thursday he expected Trump to lower tariffs on Türkiye's steel and textile exports, even as Trump has promised to levy 10% tariffs on all imported goods.

The fallout still lingers from clashes between Türkiye's and the United States during Trump's first term, when Washington was angered by Türkiye's purchase of a Russian missile defense system and the jailing of US citizens including a pastor.

The Turkish economy bore the brunt of the strains, including higher tariffs on metal imports imposed by Trump in 2018, contributing to the first in a series of lira currency crises that set off years of soaring inflation.

The strains grew in 2019 as Türkiye launched an incursion against a Syrian Kurdish militia that Ankara calls a terrorist group but which is a US ally against ISIS.

At the time, Trump threatened to "totally destroy and obliterate" Türkiye's economy over the operation. He sent Erdogan a letter saying: "You don't want to be responsible for slaughtering thousands of people, and I don't want to be responsible for destroying the Turkish economy - and I will."

Sinan Ulgen, a former Turkish diplomat and director of the Center for Economic and Foreign Policy Studies (EDAM) said Ankara would probably be happy with a Trump victory in the short term, making it easier to open dialogue after the stand-offish Biden years.

But broader foreign policy differences on issues such as the Israeli-Palestinian conflict and Syria could still become thorny in the long term, he added.

"Ankara will try to create an agenda aimed at a reset in Turkish-American ties. This can easily turn into a more transactional relationship that Trump can get on board with," he said. "What the United States' expectation will be of Türkiye in such a relationship, that needs to be cleared up."