Election

If Trump Wins in November, There Are 2 Front-Runners For Ag Secretary, And There Were Both at Saturday's Rally

Thu, 12 Sep 2024 15:42:17 GMT

Two potential candidates in the running for Ag Secretary if former President Donald Trump wins in November were also at the rally in Butler, Pa., when Trump was shot in the ear on Saturday. Sid Miller, Texas Ag Commissioner, and Kip Tom, an Indiana farmer who served as the U.S. Ambassador to the United Nations during the Trump administration, were both in attendance Saturday.

Both men recounted their first-hand experience, while also saying the silver lining after the event is how Americans — especially those at the rally — came together to help one another. And what’s followed since, has been a sense of unity and patriotism that is changing the tone of the Republican National Convention taking place in Wisconsin this week.

“It almost feels a little bit like what 911 did,” Tom told “AgriTalk’s” Chip Flory Monday morning during an exclusive interview. “People seem more unified. When I watched the people leave where the rally was being held there in Butler, Pa., you saw people that didn’t know at the other ones, they’re helping the elderly get out, they helped them with their children. Everybody put their arms around each other and worked as one as they left in a very calm situation. I can think of other things that could have happened, it could have been people stampeding out the place, but the reality is people remain calm, they reunify, they’re talking to each other. And I’m telling you, today I’m up here at the RNC convention in Milwaukee, and you just feel the vibes of what it’s like to see a unified party and how people are trying to make sure we make America great again.”

Tom joined “AgriTalk” Monday morning to explain what he saw and heard during the assassination attempt on Saturday as he had a front-row seat.

“I want to start out by saying, you know, my heart and condolences go out to the family that lost a husband and a father, a neighbor, a firefighter who was sitting about 50' behind me with his family when bullets that were coming into the theater area where the President was speaking. So I also want to say thank you to all of the Armed Service guards who were there from the Secret Service through the local sheriffs and counties that were there to make sure that we had a safe environment,” Tom said. “Unfortunately, I feel that there was probably a failure at the very top of the Secret Service, providing adequate resources in terms of human talent, and the technical knowledge to get things done at that event to protect us all.”

Tom says there were tens of thousands of people in attendance on Saturday, which started when the gates opened at 8 a.m. He describes it as a hot and humid day, with temperatures reaching 95°F.

“These people were here to hear Donald Trump speak and talk about his plan for America,” he says. “I had a front row seat, but I think everybody in that audience actually had a front row seat, just see what happened on July 13 in Butler, Pa. So once the shooting started, people took notice to it.”

Tom says as soon as he heard the gunfire and saw Trump immediately go down, the first thing that flashed in his mind was the JFK assassination.

“Just all that transpired after the JFK assassination, and how our nation actually changed course, when we went under Lyndon B. Johnson, and just how the administration at that time dealt with plenty of issues that our country was facing at that time. So this could have been a big event changing the pathway for our nation going forward in the future. But fortunately, for the president, he’s okay,” Tom says.

Tom went on to say the assassination attempt should have never happened, and the failure falls on the Secret Service considering the Secret Service determines what level of security they want to provide different diplomats of the U.S.

“In the case of a former president, when someone is the presumed nominee, it really doesn’t change anything. When they’re the nominee, it elevates a little bit more. And of course, when they’re the president they have full on support of the Secret Service to make sure that a commander in chief remains safe,” Tom explains. “But in the case here, obviously Donald Trump isn’t the presumed nominee, he is the nominee, even though we’re holding convention this week, he’s got the ballots. He’s got the votes to make it happen.”

Tom says what he hopes to see is an increase in security for Trump, but also an investigation into Saturday’s shooting.

“I think there will be a hearing probably in the Senate or the House very soon, or maybe both chambers to address these issues with the director of the Secret Service to say, ‘How could this happen?’ This isn’t just about the president, it’s about Americans who were in that audience that were not protected from a man who’s 140 yards from the podium,” Tom says.

Farm Journal Washington correspondent Jim Wiesemeyer reports Texas Agriculture Commissioner Sid Miller was close to former President Donald Trump when Trump was shot in the ear at the rally this weekend. Standing just 30' away, Miller described the scene to KHOU-11, a Houston TV station. Wiesemeyer says Miller initially mistook the gunshots for a balloon pop and then a firecracker, Miller realized the danger when Trump stopped speaking. It wasn’t until the third shot that Miller realized it was gunfire. The incident lasted about five to six seconds.

Miller, who is a potential candidate for USDA Secretary if Trump wins the presidency again, shared his experience on social media, expressing shock and gratitude that Trump was not seriously injured. He also expressed sorrow for the innocent bystander who was killed and emphasized the need for unity and courage. Miller plans to campaign for Trump this summer and was heading to the Republican National Convention after the rally. His presence at the shooting has garnered significant media attention in Texas.

In the aftermath of the shooting, Miller observed that three people directly behind him were hit:

• A man who was struck in the head and died
• A woman hit in the chest, who remained in critical condition
• Congressman Ronnie Jackson’s, R-Texas, nephew, who sustained a superficial neck wound

In response to the incident, Miller called for increased mental health support and a reevaluation of security measures for political candidates. He also urged the Biden administration to provide security detail for Robert F. Kennedy Jr., who currently lacks such protection.

During the RNC this week, the tone is changing to a more unified one, according to Tom, who is representing Indiana at the convention his week.

“I know Trump is changing many of his speeches that he’ll be delivering throughout the convention time frame from Monday through Friday,” Tom says. “I know that he’s going to try to get people more unified, and he wants to unify the nation. Let’s face it, we’ve had fringes in both parties that have been kind of controlling the narrative, and I hope that we can bring those together and make sure we get our country on the right path to make sure we do always stand for all Americans.”

Also of note during the RNC this week, Wiesemeyer reports Jim Chilton a fifth-generation rancher from Arivaca, Ariz., will be speaking. His family has been in the cattle business for nearly 140 years. Chilton’s ranch extends to the U.S./Mexico border and is located in a top corridor for drug smuggling and human trafficking.

Wiesmeyer says Chilton appears to have been selected to speak at the convention to address immigration and border security themes from the perspective of a rancher whose property is directly affected by these issues.

He has testified before Congress multiple times about the challenges faced by ranchers in border areas. His inclusion aligns with the Republican Party’s focus on border security and immigration policy for the upcoming election.

In 2003, Chilton was named Rancher of the Year by the Arizona Cattle Growers’ Association. He has also received other awards, including: The True Grit award from the Arizona Cattle Growers, the Individual of the Year award from an unspecified organization, the Arizona Farm Bureau Oscar for outstanding achievement and the Farm Bureau Environmental Stewardship award. His wife, Sue Chilton, purchased the ranch near Arivaca with her husband in 1987, and they later expanded their operation by buying the neighboring Flying X ranch in 1991. Together with Jim, Sue implemented grazing management programs and conducted detailed environmental monitoring on their ranch.

They have been recognized as cooperators with the U.S. Natural Resources Conservation Service (NRCS) since 1980. Sue was appointed by Arizona Governor Jane Hull to serve a five-year term on the Arizona Game and Fish Commission. In this role, she worked to improve relations between the Game and Fish Department and rural residents who provide wildlife habitat.

Kevin McCarthy Finally Won the House Speaker Gavel, Now What?

Mon, 09 Jan 2023 20:43:57 GMT

After four days and 15 rounds of voting , Kevin McCarthy’s (R-Calif.) wait to become Speaker of the House of Representatives ended.

A caucus of 20 hardline Republicans had initially blocked his path, but several key concessions, including allowing a single lawmaker to force a vote on ousting the speaker, was the key to unlocking the GOP chaos. The final tally on the 15th roll-call vote was 216 for McCarthy, 212 for Democrat Hakeem Jeffries and six present.

Two past GOP speakers, John Boehner and Paul Ryan, left office amid divisions in their conference.

New Agenda

McCarthy, a 57-year-old native of Bakersfield, Calif., said that the new GOP House will be a crucial “check” on the Biden administration, and he vowed to stop wasteful spending, the rise in the national debt, and the rise in prices at the pump and grocery store.

“I hope one thing is clear after this week: I never give up,” McCarthy said during his first speech as House speaker

During his first year as Speaker, McCarthy will need to raise the debt limit and fund the government — both major fights ahead. Lawmakers got a commitment to voting on specific bills and the promise to tie spending cuts to a debt-ceiling increase.

McCarthy said the very first bill Congress will take up will be to “repeal the funding for 87,000 new IRS agents” and that one of the first hearings will be on the “crisis” on the southern border. He also announced the reopening of the Capitol complex to the public. It had been closed since the start of the Covid pandemic.

Concessions

McCarthy agreed to appoint more members of the far-right House Freedom Caucus to the powerful House Rules Committee, that sets the terms for floor debate and amendments, and the Appropriations Committee. They won two seats on the Rules Committee that could narrow McCarthy’s maneuvering room as he tries to put together majorities for legislation. More symbolically, he also allowed a rules change that will enable just one member to be able to call for a vote to oust the Speaker.

Other accommodations McCarthy reportedly made to sway Freedom Caucus members included mandating 72 hours between the posting of bills and votes on them, and trying for a constitutional amendment that would impose term limits on members of the House and Senate.

They also won a pledge that the top-line budget figure for domestic discretionary spending in fiscal 2024 won’t exceed what it was in fiscal 2022. That includes defense spending, which would have to fall by $75 billion if the cuts are split with nondefense accounts.

He also agreed to open government spending bills to a freewheeling debate in which any lawmaker could force votes on proposed changes. Also: separate votes on the 12 appropriations bills approved each year and a Judiciary Committee investigation into government collaboration with tech companies.

The rules resolution would:

• Eliminate proxy voting and remote committee proceedings spurred by the COVID-19 pandemic

• Rename some House committees

• Adopt budget procedures aimed at restricting mandatory spending increases

• Repeal collective bargaining rules adopted last year

“I ran out of things to ask for,” said Florida Rep. Matt Gaetz, a GOP holdout against Kevin McCarthy’s bid for speaker

McCarthy tried to downplay the idea that the protracted conflict was a bad omen for a highly dysfunctional House in the coming years.

“This is the great part,” McCarthy told reporters Friday night. “Because it took this long, now we learned how to govern. So now we’ll be able to get the job done.”

The concessions McCarthy agreed to will make it more difficult to pass legislation, particularly when it comes time to fund the government later this year. The Rules panel is usually staffed by loyalists to the speaker, so the head of the party retains control of the schedule.

Six of the panel’s 13 seats are expected to be saved for lawmakers close to McCarthy, led by incoming Chair Tom Cole (R-Okla.). If the panel’s four Democrats opposed a bill, three Republicans from the Freedom Caucus could potentially join them and block the measure from coming to the floor.

Next up in the House is to approve a rules package, a key component to the deal struck between McCarthy and the faction of Republicans against his speakership.

More on policy:

Senate Ag Committee Chairwoman Will Not Run for Office in 2024
Policy and Payments: What Producers Can Expect in 2023

US--Election 2020-Rural Democrats

Fri, 20 Nov 2020 05:22:37 GMT

2020 Democrats try to make inroads in rural America 2020 Democrats try to make inroads in rural America By BILL BARROWAssociated Press The Associated Press DENMARK, S.C. DENMARK, S.C. (AP) — Deanna Miller Berry doesn’t often see presidential candidates. So when New Jersey Sen. Cory Booker recently came to Bamberg County, South Carolina, she was primed to unload about a contaminated water system.

“What is your plan to fix it?” Berry asked, her eyes narrowed.

Booker, former mayor of Newark, the largest city in the most densely populated state, assured Berry he cares about the 3,000 residents of Denmark, South Carolina. “This is a time in America where too many people are feeling left out, left behind, not included,” he said, promising “a massive infrastructure investment” targeting “forgotten” places.

The exchange highlights the effort by Democratic presidential candidates to make inroads in rural America. With the first contests unfolding next year in South Carolina, Iowa and New Hampshire, small-town voters will play a critical role in choosing the next Democratic nominee. And the early attention could help the eventual nominee be more conversant on rural issues and compete for votes in places that gave President Donald Trump his most intense support in 2016.

“Organizing in every precinct is the key to winning both the caucus and the general election in Iowa,” Iowa Democratic Chairman Troy Price said.

Vermont Sen. Bernie Sanders lamented rural decline during an Iowa swing this weekend.

“All over America, we have tragically seen more and more young people leave the small towns they grew up in, the small towns they love, because there are no decent-paying jobs in those towns — we intend to change that,” Sanders said, drawing cheers at the Iowa State Fairgrounds.

At the same time, California Sen. Kamala Harris was in small-town South Carolina advocating more spending on telemedicine, broadband internet and infrastructure. Booker used his two-day rural swing last month to talk health care, housing, infrastructure and criminal justice, among other issues. New York Sen. Kirsten Gillibrand was the first candidate who ventured to rural northern New Hampshire. Minnesota Sen. Amy Klobuchar has already visited a tiny town in Wisconsin, which will be a general election battleground.

Several candidates plan to attend a March 30 rural issues forum at Buena Vista University in Storm Lake, Iowa — population 10,600.

The approach matters most immediately because the delegates necessary to become the nominee are awarded in part from primary and caucus results in individual congressional districts, even the most rural and Republican-leaning. But investing there also could narrow Republicans’ general election margins, by increasing turnout among Democratic-friendly constituencies like rural black and Latino voters or peeling off white voters or both.

That could flip states like Iowa, Michigan, Pennsylvania, North Carolina — even Florida — that propelled Trump to an Electoral College majority. Besides helping win the presidency, rural gains would be necessary for Democrats to have the muscle on Capitol Hill to enact the kinds of sweeping policy changes they are advocating on many fronts.

“So much of this is about the margins,” Iowa’s Price said.

Beyond the politics, candidates say rural outreach is required of anyone who wants to govern a diverse nation.

“Folks want to be seen,” Harris said. “They want their issues to be heard. ... They could care less about half the stuff that gets covered on cable news networks.”

In Wisconsin, Klobuchar said, it’s “about knowing the issues that matter to people whether they’re Democrats, Republicans and independents — and in rural areas it’s not just about the farm bill.”

The 2018 midterms demonstrated Democrats’ tough realities beyond metro areas, but still offered some bright spots.

AP VoteCast, a national survey of more than 115,000 voters, found rural and small-town residents cast 35 percent of midterm ballots; 56 percent of those voted for Republican House candidates, compared to 41 percent for Democrats. The advantage was wider among small-town and rural whites: 30 percent of the electorate, tilting 63-35 for Republicans. Correspondingly, Democrats’ net 40-seat gain in the House was driven mostly by previously GOP-leaning suburban districts, while Democratic nominees fell short in more rural areas.

There’s no consensus on whether rural success for Democrats is about policy or personality or some combination. Some winners establish a personal brand at odds with the national party — West Virginia Sen. Joe Manchin defending the coal industry, Ohio Sen. Sherrod Brown opposing much of U.S. trade policy, Montana Sen. Jon Tester playing up his rancher credentials.

But that won’t necessarily work for a presidential candidate looking to become the face of a party with a decidedly liberal base. None of the declared candidates deviates from Democratic orthodoxy supporting abortion rights and LGBTQ civil rights and opposing Trump’s hard line on immigration — all positions that run afoul of rural and small-town voters who collectively are more culturally conservative than urban dwellers.

Sanders struggled with that balance in 2016 when Hillary Clinton hammered him for some Senate votes against gun measures that most Democrats backed. Sanders noted that many Vermonters, as in the rest of rural America, view guns differently than most big-city residents, but Clinton successfully used the issue against Sanders, particularly with black women.

Would-be Democratic presidents are left to mix economic arguments with biography.

Washington Gov. Jay Inslee grew up in Seattle, but he often mentions that he spent his early adult years in central Washington. He touts his signature issue — combating climate change — as a boon for the “heartland” economy by growing the clean-energy industry.

Klobuchar, a Twin Cities-area native, points to her work on the Senate Agriculture Committee and notes she’s won every congressional district in Minnesota during her Senate career. Sanders, who still speaks with his native Brooklyn inflection, drew roars in Iowa when mentioned using antitrust law to limit corporate power.

Harris notes that California — caricatured in Middle America as a bastion of coastal liberalism — has the nation’s biggest agricultural output. And in South Carolina, she said she heard a lot about jobs and state Republicans’ refusal to expand Medicaid insurance.

Massachusetts Sen. Elizabeth Warren notes that long before her Harvard law career, she was a child in Norman, Oklahoma, where her family’s working-class struggles shaped her liberal approach to consumer, labor and finance law.

After hearing Booker, Kenneth Belton, a 63-year-old resident of struggling Fairfield County, South Carolina, said a president doesn’t have to come from his walk of life. Belton just wants the person in the Oval Office to understand him — and then to help.

“It just feels like they’ve been ignoring us,” he said.

Berry, the clean water activist, agreed, crediting Booker and others for what she describes as first steps.

“I’ve heard enough to be inspired,” she said, pausing before adding, “enough to want to hear more.”

___

Associated Press writers Sara Burnett in Chicago, Alexandra Jaffe in Des Moines, Iowa, Meg Kinnard in North Charleston, South Carolina, and Hannah Fingerhut in Washington contributed to this report.

___

Follow Barrow on Twitter at https://twitter.com/BillBarrowAP.

Buoyed by Stronger Support from Rural America than 2016, Trump Wins Second Term as President

Donald Trump won all battleground states in a virtual red wall while the blue wall (Pa., Wis., Mich.) cratered for Democratic challenger Kamala Harris as she faced the greatest political comeback in U.S. history.

Trump also won battleground states of North Carolina and Georgia and was close in Nevada and Arizona, two states not yet officially called. It looks like Trump will eventually garner over 300 electoral votes. Trump is the first candidate in over a century to reclaim the White House after losing it. Trump, who won election in 2016 as the 45th president, now will be the 47th and just the second candidate in U.S. history to win nonconsecutive White House terms.

The Republican Party was on track to win the popular vote for the first time since 2004.

“America has given us an unprecedented and powerful mandate,” Trump told supporters as he declared victory.

Trump garnered even stronger support in rural America versus his still robust rural vote in this first administration. That is likely a backlash against the ag policy moves of the Biden/Harris administration that focused on underserved and minority rural citizens.

Trump also won strong support among working-class voters. The AP VoteCast survey, which included more than 120,000 registered voters nationally, showed he won 55% of voters without a college degree. That was up from 51% in 2020 in his race against Biden. Harris, meanwhile, struggled to pull together the diverse coalition that elected Biden in 2020, and she was weighed down by negative views of the economy under the Biden administration.

— It’s Trump’s GOP and his party has changed in a massive realignment. It now focuses on the working class, younger Americans, including young Black men, and Hispanics. It already focused on rural Americans; Trump gained even more rural votes in this election.

—“A new star is born,” Trump said in his acceptance speech: Elon Musk, who helped Trump and the GOP in campaign funding and messaging. It is unclear what role Musk will play in the next Trump administration, but the president-elect previously said he wants Musk to lead an effort to make the government more efficient. Of note: Musk vowed to keep his political action committee going beyond the presidential election, a sign the world’s richest person is building a political machine to support Trump.

— Republicans did much better than most expected in Senate races, with a likely pickup of four seats, to 53 (perhaps more), up from their 49 total in the current Congress. They include:

• West Va.: Open seat (Joe Manchin). Jim Justice (R) beat Glenn Elliott (D)

• Mont.: Incumbent Jon Tester (D) lost to Tim Sheehy (R)

• Ohio: Incumbent Sherrod Brown (D) lost to Bernie Moreno (R)

• Pa.: Incumbent Bob Casey Jr. (D) lost to Dave McCormick (R)

• Mich.: Open seat (Stabenow). Elissa Slotkin (D) is clinging to a 4,600 vote lead over former GOP Rep. Mike Rogers.

• Wis.: Incumbent Tammy Baldwin (D) is slightly ahead of Eric Hovde (R)… after late results from Milwaukee and Racine put her in the lead.

• Nev.: Incumbent Jacky Rosen (D) leads Republican Sam Brown in both Washoe and in Clark County, where the outstanding vote likely benefits her. With many absentee ballots, this race may not be called for a while, much like the 2022 Senate contest.

• Ariz.: Open (Kirsten Sinema). Ruben Gallego (D) beat Kari Lake (R)

• Neb.: Incumbent Deb Fischer (R) squeaked by Dan Osborn (Independent)

• Texas: Incumbent Ted Cruz (R) beat Colin Allred (D)

• Current GOP Sens. Deb Fischer (Neb.) and Ted Cruz (Texas) both won their races that Democrats thought they had a chance of winning.

— What the GOP Senate tally means: This will mute to some degree GOP Senate moderates in the new Congress, including Sens. Susan Collins (Maine), Lisa Murkowski (Alaska), newly elected John Curtis (Utah) and Bill Cassidy (La.). The Senate GOP count gives Republicans powerful leverage in tax and spending battles.

— Several House races are still too close to call, but it appears Republicans will hold on to its narrow majority in the chamber. But Democrats were leading in some close races and several California races could still tip the House chamber to the Democrats. If the GOP keeps control of the chamber, that means another contentious House Speaker vote perhaps changes in its rules.

— Election winners include:
• Trump and his campaign strategy. Also, Trump’s victory coattails helped Republicans win a few Senate contests previously mentioned and helped keep the House in GOP control.
• GOP issues, including the border, tax/economic/inflation policy, energy, reduced regulations and a push for a reciprocity trade policy.
• Sen. Steve Daines from Montana played a significant role in the 2024 Senate races as the chairman of the National Republican Senatorial Committee (NRSC). In this position, he was responsible for leading the Republican efforts to flip control of the Senate from Democratic to Republican majority.

— Losers include:
• Kamala Harris who mostly refused to answer questions and make clear the policies she wanted. Her strategy of focusing on abortion and women voters was not enough to beat Trump.
• Former House Speaker Nancy Pelosi (D-Calif.), who led the maneuvers to get President Joe Biden to relinquish his re-election run for president and pushed Harris to pick Tim Walz of Minnesota as her vice president when election experts thought she should have picked Pa. Gov. Josh Shapiro.
• Harris’ campaign strategy that at the end relied on elite musical entertainers, a failed strategy that Hillary Clinton also tried. Nearly $16 billion were spent this election season, with Democrats spending a lot more than Republicans. The GOP saw the benefit of podcasts, which were a free way of getting their message across to voters.
• Pollsters who underestimated Trump voters for the third consecutive presidential election. Another loser: Iowa pollster Ann Selzer, who on Saturday predicted Harris over Trump in Iowa by 3 points; Trump won the state by double digits. Her poll turned out to be an outlier.
• President Biden’s family who helped push him to run for re-election only to wait until it was very late to see him pushed aside and forced to drop out.
• Most of the mainstream (legacy) media who clearly favored Harris and did several things that showed their bias.

— Now what?
• Trump should have learned from mistakes during his first term and will not likely make poor choices of some Cabinet and other personnel who ended up writing negative books about him.
• Trump’s Cabinet: The new GOP Senate next year will be able to provide the votes for Trump to get the Cabinet he wants. Unclear is what role RFK Jr. will play in Trump 2.0. He would not likely be confirmed by the Senate for any Cabinet position.
• High odds that a Trump favorite, Doug Burgum of North Dakota, will come into Trump 2.0 administration, perhaps as Energy Secretary, Burgum will bring ag-related interests relative to the RFS and tax incentive programs like 45Z/Sustainable Aviation Fuel (SAF). On global climate policy, Carbon Brief said Trump’s return to the White House would likely result in the U.S. missing its climate pledges “by a wide margin,” though it noted that some Biden administration policies such as a mammoth clean-tech spending program may “prove hard to unpick.”
• The lame-duck session of Congress may be encouraged to complete lingering business, including fiscal year (FY) 2025 funding, disaster aid, and perhaps a new farm bill and an ag economic aid measure.
• Foreign policy: Trump will take a more aggressive role in foreign policy rather than the near pacificist approach taken by Biden/Harris.
• Supreme Court: In the next few years, one to several existing SCOTUS members could likely depart.
• Republicans are now in position to reshape the federal judiciary.

— Budget reconciliation: With Republicans capturing the White House and Senate, and perhaps keeping control of the House, that means several budget reconciliation measures until 2026 elections could alter that situation. That means higher odds that Trump will get a lot of what he wants relative to 2017 Tax Act policies which mostly expire at the end of 2025.

— During the first days of his second term, Trump will issue executive orders dealing with border issues and energy-related matters, topics which Biden altered in recent years. Trump will also put into play that for every new regulation, up to ten regulations must be swept away.

— The ag sector will focus on Trump 2.0’s trade policy. Trump has said “tariffs” is his favorite word in the dictionary and has consistently said he would use them against China. He has also said he would put 10% to 20% tariffs on imports from other countries, but that is seen as leverage in discussions with countries for a key goal of his new term: reciprocal trade agreements. Key will be if former U.S. Trade Rep Robert Lighthizer comes into the new Trump administration as most expect and if so, under what role. It may be as Commerce or Treasury Secretary. Trump recently said he would slap on tariffs against Mexico if their new president doesn’t comply with holding illegal immigrants into her country.

— International reactions to Donald Trump’s return to political prominence:
• Israeli Prime Minister Binyamin Netanyahu referred to the outcome as “history’s greatest comeback,” signaling strong approval and a continued bond between the two leaders.
• Indian Prime Minister Narendra Modi referred to Trump as a “friend,” reflecting close ties and potentially anticipating cooperative efforts.
• Cautious optimism from Western leaders: France, Britain, and Italy’s leaders expressed a diplomatic hope for future collaboration, signaling their willingness to maintain stable relations with Trump while hedging their tone.
• Far-right leaders in Europe cheered, indicating ideological alignment or a belief that Trump’s policies resonate with their political goals.
• Measured Response from Ukraine: Ukrainian President Volodymyr Zelenskyy gave restrained praise by highlighting appreciation for a “peace through strength” approach. This suggests caution from Zelensky, likely stemming from Trump’s past relationship with Russia and potential implications for Ukraine’s security situation.

— Market reactions:
• Bitcoin is bullish on the news as Trump and Musk are supporters. Bitcoin jumped to a record high above $75,000.
• U.S. equities will likely show a continuation of higher levels as Trump’s wins will mean better tax/investment opportunities than if Harris had won.
• Banks, brokers: Robust stock markets and an end to the Biden administration antitrust crackdown should mean more profits for banks and brokers… and less regulation. Bank of America, Citigroup, Morgan Stanley, JPMorgan Chase, Charles Schwab and Goldman Sachs are all up 6% or more in premarket trading.
• Treasury yields jumped, and the dollar surged on the election results (While Trump has advocated for a weaker dollar, many investors say his policies will achieve the opposite). Treasury yields are soaring on the view that Trump’s agenda — more spending, low taxes, tariffs, restricted immigration — will fuel inflation. The 10-year US Treasury note edged towards 4.5%, a level not seen in about six months, before pulling back a bit. Bitcoin spiked to a record and the Mexican peso lost as much as 3.5%.
• Oil, gold: A stronger greenback makes dollar-denominated commodities more expensive for international buyers, so crude and precious metals are falling.
• The yuan weakened the most in two years and Chinese stocks fell on the specter of Washington slapping tariffs of up to 60% on Chinese goods. The move could further weaken the world’s second-largest economy and disrupt global supply chains.
• Ag markets will be cautious over Trump’s aggressive trade policies. Soybeans dropped given concerns about trade tensions with China, the biggest buyer.
• Federal Reserve policymakers will watch to see if Trump’s policies via across-the-board tariffs and aggressive tax cuts are inflationary.

— A key state ballot issue in South Dakota is poised to have gone against carbon pipelines. This referendum let voters decide whether to uphold a pipeline bill that was passed by legislators. With 82% of votes in, 60% have voted no and 40% voted yes. A no vote would mean the state law in question would be rejected and that raises fresh questions about the Summit Carbon Solutions pipeline and similar projects.