06/11/2024
📢 President-elect Donald Trump has been declared the winner of the 2024 presidential election. Vote counting in key swing states in the Sunbelt and Rustbelt states confirmed his victory, with major news outlets projecting his win based on their decision desk analyses. Trump delivered his victory speech early this morning, focusing on national unity. 🇺🇸
🗳 Preliminary results indicate that the Republican party will take control of the Senate, but if the Democrats manage to hold onto the House, continued Congressional gridlock is likely. In this case, the policy will be mainly implemented through presidential executive orders and nominations.
❗ It is important to remember that Finland’s relationship with the U.S. has never been stronger, which bodes well for our future bilateral cooperation. In his previous term, Trump had a strong tendency towards bilateralism versus multilateralism.
All in all, Trump favors a more isolationist approach, reducing U.S. participation in global economic institutions. Less global cooperation reduces the effectiveness of international economic institutions that maintain global trade stability.
Remember that Amcham Finland is here to help its members navigate through the presidential transition, so don’t hesitate to contact us with your questions. You still also have the chance to join Amcham and our expert guest speakers for the online Election After-Watch event, learn more from our previous post!
📢 Amcham Finland is the voice of international business and home of transatlantic success in Finland. We are a non-profit, member-funded, and politically independent business community promoting a strong transatlantic economy and a healthy business environment in Finland.