After overcoming a series of legal and political obstacles, Donald Trump has won the presidency of the United States and is preparing to return to the White House next January. This is to begin a presidential term that, according to several analysts, could bring about fundamental changes in the American system. 

Four years are approaching, which for Republicans, mean “the recovery of the country,” while Democrats aim for a presidency without “containment fences” to limit what they consider Trump's most dangerous proposals. 

The situation is aggravated by the fact that Trump already has a conservative supermajority on the Supreme Court, which has been strengthened by the recent victory of the Republicans, who have managed to obtain at least 52 of the 100 seats in the Senate.

The House of Representatives' results are still being counted and will be announced in the coming days. But the figures already offer the new president more room for manoeuvre. Trump is therefore expected to have a free hand to implement many of the ideas that were repeatedly mentioned during his election campaign. 

Starting from scratch with Elon Musk

Among the priority issues are immigration restrictions, which involve plans for mass deportation of undocumented residents and severe restrictions on access to the border with Mexico.

But this measure is accompanied by a more controversial plan, involving billionaire Elon Musk, who will be in charge of making a massive reduction in the federal government through the "Department of Government Efficiency."

In the new Trump administration, Musk is thus promising to reinvent the federal bureaucracy. “Let’s start from scratch,” he said at an event in Pittsburgh in October. The goal would be to restructure through drastic spending cuts with the help of artificial intelligence (which would reach $2 trillion).

Musk says the changes will be made slowly, offering generous severance packages to laid-off government employees while proposing an evaluation system that threatens “spendthrift employees” with layoffs. 

Fight against de-dollarization

"If you leave the dollar, you will not do business with the United States because we will put a 100% tariff on your products," Trump said last September during the campaign, announcing plans to impose currency manipulation charges and tariffs on any country that chooses a currency other than the dollar for bilateral trade. 

This is one of the measures that the bank plans to use to combat the de-dollarization plan launched by China and Russia (along with the rest of the BRICS countries), with which they seek to undermine the global dominance of the dollar.  

  China and Russia have continued to pursue their goal of reducing the influence of the US dollar. Source: Bing create.

His idea is to make it too costly for countries to stop using the US currency. He is defending the dollar's role as the world's main reserve currency, warning that losing that position would be devastating for the US.   It is therefore to be expected that the BRICS plans will meet with fierce opposition from the new president, who appears determined to prevent the collapse of his currency.  

Bitcoin as a strategic reserve

Trump's promises also include those he has made for the bitcoin (BTC) ecosystem, which includes the creation of a strategic reserve in BTC and its use as a tool to solve the debt problem affecting the United States.  

Trump has backed a bill introduced by Senator Cynthia Lummis, pledging to keep 100% of all bitcoins  held by the US government in custody and to continue buying coins to maintain the reserve.  

Having declared himself in favor of cryptocurrencies, the Republican is likely to support regulations that allow the development of companies in the sector and promote the advancement of Bitcoin mining. Although after the victory, many members of the community have expressed skepticism that Trump will fulfill the promises he made during his campaign.  

  Confiscated bitcoins can represent an important store of value for states and governments. 

Tax cuts to revive the economy

On the economic front, hopes are pinned on the president-elect getting the economy back on track and repeating the period of prosperity that Americans experienced during Trump's first presidency, before the arrival of the Covid-19 pandemic.  

To this end, Trump promises to implement tax cuts to extend those already implemented during his first administration, when he reduced the corporate rate to 21% and also cut taxes on individuals. In this regard, he plans to lower that rate to 15%, also eliminating taxes on tips and on social security payments for retirees. 

He has also talked about imposing 10 to 20 percent tariffs designed to protect American jobs, which could significantly increase the cost of imported goods and possibly escalate the trade war with China.   

As a way to combat inflation, the president proposes increasing energy production in the US by increasing the exploitation of fossil fuels. The president promises that the rate will remain at 2%, as it was between 2016 and 2020.   

A president with “superpowers”

In order to surround himself with a team of loyal people, the so-called Agenda 47 will be launched, which through the signing of an executive order will allow for the placement of trusted people in key positions in the Executive, replacing career officials. 

This agenda excites Trump supporters and, in fact, it is something he attempted when he signed, in August 2020, a similar order, the fruits of which he did not reap, as shortly afterwards he had to leave the presidency after losing the elections. 

Agenda 47 calls for dismantling the Deep State, which is widely seen as corrupt. This, coupled with Republican supermajorities in the Senate, Congress and Supreme Court – and the overwhelming support won in the popular vote – makes Trump one of the most powerful and well-supported presidents in American history.