Millions of voters across the US chose to return Donald Trump to the White House and the presidency on November 5.
Kamala Harris has called Donald Trump to concede the election, CBS says, after Trump’s historic US presidential victory.
Harris will address the nation for the first time since her defeat when she speaks to supporters at Howard University at 16:00 EST.
Donald Trump told jubilant crowds in Florida earlier: “America has given us an unprecedented and powerful mandate.”
Of the seven crucial swing states, Trump won North Carolina, Georgia, Pennsylvania, Wisconsin, and Michigan, while he’s ahead in Nevada and Arizona.
Republicans have also taken the Senate back from Democrats after flipping a string of seats.
In a statement sent out by his campaign, Donald Trump reflects on his historic win, calling it “a political victory that our country has never seen before”.
He then promises that he will “fight” for America, a repeated phrase we often heard on the campaign trail.
“I will not rest until we have delivered the strong, safe and prosperous America that our children deserve and that you deserve,” he says.
“Together, we’re going to unlock America’s glorious destiny.”
“Thank you once again for electing me in a landslide victory.”
At the end of the email, a link prompted Donald Trump’s supporters to continue to donate to his campaign.
Former Republican President George W. Bush has congratulated Donald Trump and JD Vance on their win.
In a post on X, George Bush writes: “The strong turnout in this election is a sign of the health of our republic and the strength of our democratic institutions.
“We join our fellow citizens in praying for the success of our new leaders at all levels of government.”
He also thanks Joe Biden and Kamala Harris for “their service to our country”.
George Bush never publicly backed a candidate during this election, but his daughter Barbara endorsed Kamala Harris in October – as did Dick Cheney, who served as his vice-president.
Donald Trump, now 78, will be the oldest US president at time of election, in history.
In contrast, his right-hand man, JD Vance, at 40, will be the third youngest vice-president.
In recent years, the junior senator from Ohio has been one of Trump’s most vehement defenders on Capitol Hill and in the media.
However, the two didn’t always agree.
JD Vance was once a self-proclaimed “never-Trumper”.
“My god, what an idiot” and “I find him reprehensible” are two Vance quotes from 2016 that resurfaced in July when Trump was narrowing his search for a running mate.
JD Vance always identified with Donald Trump’s disdain for elites and, ultimately, became one of his most steadfast allies when he ran for the US Senate in Ohio a few years later.
Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.
“America has given us an unprecedented and powerful mandate,” he says to cheering crowds.
The Republican has picked up the battleground states of Pennsylvania, North Carolina and Georgia, leaving Kamala Harris with only a narrow path to victory.
Just before Donald Trump began speaking, Fox News projected that he had won the election; other US TV networks are yet to do so.
A return to the White House would be an extraordinary comeback for Trump after he lost to Joe Biden in 2020.
Kamala Harris’s campaign says she won’t speak today, as dejected supporters left her watch party earlier.
Meanwhile, Republicans are projected to take back the Senate.
Most probably Donald Trump will be the next president of the United States. He will be only the second man in history to serve two non-consecutive terms as president.
At 78 years old, Donald Trump is facing multiple scandals over his career, multiple court cases – criminal and civil, a conviction, a sentencing in three weeks’ time, and escaping death but a fraction from an assassin’s bullet.
However, it looks like a majority of the American people to send him back to Washington into the White House.
Stocks around the world are rising as Donald Trump appears to be on the cusp of winning back the White House in the US presidential race.
The main stock indexes across Asia were mostly higher on November 6, while the US dollar was also up.
The result of the election is expected to have a major impact on the global economy.
According to a projection from CBS, the Republican Party is set to take control of the Senate but there are still votes left to count.
In Japan, the benchmark Nikkei 225 stock index ended the session up by 2.6%, while Australia’s ASX 200 closed 0.8% higher.
In mainland China, the Shanghai Composite Index was flat, while Hong Kong’s Hang Seng was down by around 2.5%.
The major US stock indexes also appeared to be set to open sharply higher. That came after the Dow Jones Industrial Average, S&P 500 and Nasdaq all closed more than 1% higher on November 5.
The world’s largest cryptocurrency, Bitcoin, also jumped to a record high of more than $75,000.
Image source: Max Pixel
The US dollar was up by more than 1.5% against a basket of other major currencies, including the euro, pound and the Japanese yen.
Tesla’s Frankfurt-listed shares rallied over 14% at the open on November 6. Elon Musk, Tesla’s top shareholder, has supported Trump throughout his electoral campaign.
Donald Trump has said he would dramatically increase trade tariffs, especially on China, if he became the next president.
The former president’s more isolationist stance on foreign policy has also raised questions about his willingness to defend Taiwan against potential aggression from China.
Taiwan is a major producer of computer chips, which are crucial to the technology that drives the global economy.
Meanwhile, Donald Trump’s tax-cutting agenda has also been broadly welcomed by big American companies.
If Kamala Harris wins investors expect her trade and foreign policies to be a continuation of Joe Biden’s more predicable approach.
A potential Harris administration is also seen as more likely to tighten regulations on industries like banking and healthcare.
The Democratic party’s renewable energy policies could also boost electric vehicle companies and solar firms.
Investors also have other key issues to focus on this week.
On November 7, the US Federal Reserve is due to announce its latest decision on interest rates.
Comments from the head of the central bank, Jerome Powell, will be watched closely around the world.
On November 8, top Chinese officials are expected to unveil more details about Beijing’s plans to tackle the slowdown of the world’s second largest economy.
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