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.



Trump Says Will Demand Interest Rates Drop 'Immediately'

President Donald Trump smiles as he signs executive orders in the Oval Office of the White House, Thursday, Jan. 23, 2025, in Washington. (AP Photo/Ben Curtis)
President Donald Trump smiles as he signs executive orders in the Oval Office of the White House, Thursday, Jan. 23, 2025, in Washington. (AP Photo/Ben Curtis)
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Trump Says Will Demand Interest Rates Drop 'Immediately'

President Donald Trump smiles as he signs executive orders in the Oval Office of the White House, Thursday, Jan. 23, 2025, in Washington. (AP Photo/Ben Curtis)
President Donald Trump smiles as he signs executive orders in the Oval Office of the White House, Thursday, Jan. 23, 2025, in Washington. (AP Photo/Ben Curtis)

US President Donald Trump said Thursday he would seek to bring interest rates lower by unleashing energy production, and would speak to the Federal Reserve if needed.

"I'll demand that interest rates drop immediately," he told the World Economic Forum in Davos, Switzerland, in a virtual address. "Likewise, they should be dropping all over the world. Interest rates should follow us all over."

The US Federal Reserve has a dual mandate from Congress to act independently to keep inflation and employment in check, primarily by raising and lowering the level of short-term interest rates, according to AFP.

As US president, Trump does not have a say over interest rate decisions, a fact that he has frequently criticized.

Trump told reporters in Washington later on Thursday that he would like to see interest rates come down "a lot," adding that lower oil prices should help them to fall.

"When the oil comes down, it'll bring down prices, he said. "Then you won't have inflation, and then the interest rates will come down."

Asked what he would do if the Fed did not lower interest rates, Trump said he would "put in a strong statement" and expected officials to listen to his views, adding that he would consider talking to Fed chair Jerome Powell if needed.

"I think I know interest rates much better than they do," he said. "And I think I know certainly much better than the one who's primarily in charge of making that decision."

"I'm guided by them very much, " he added. "But if I disagree, I will let it be known."