The debacle of Trump and the Republicans in the US midterms sinks the markets. After last night's collapse on Wall Street, Tokyo also plummeted this morning: the Nikkei index lost over 5%. And for the US president, those who voted for the Democrats are to blame: "The stock market experienced one of the worst days in history following the election results. It's really sad to witness all this" Trump wrote on Truth. “It took enormous effort to reach unprecedented levels and then this happened. As a result, your pension plans took a hit. Remember: it's not the Republicans' fault, it's the stupid Democrats' fault,” the American president attacked. "Fear not, though: one way or another, we will soon be back bigger and stronger than ever. Let's make America great again!", he added.
Rubio denies wanting to resign
In the president's entourage, Secretary of State Marco Rubio denies wanting to leave the Trump administration: "My plan is to work for the president until the end of his mandate", assures the secretary of state. The head of the Pentagon, Pete Hegseth, also counterattacks, for whom the specter of impeachment has once again been raised. "Impeachment didn't help with Trump and it won't help with me," says the defense secretary. And the president also defends him: "He did an excellent job."
Trump evokes fraud: "Our elections are rigged"
Meanwhile, Trump, after having acknowledged his defeat in the midterms and congratulated the Democrats, returned to mentioning electoral fraud. A generic statement about the American system but which makes it clear that the president has no intention of giving up. "Our elections are so rigged, you have no idea," the tycoon said while speaking to reporters in the Oval Office. Not a specific attack against this session but a generic attack on the corruption of the system which recalls the rhetoric of his latest rallies.
Trump's priorities before the new Congress takes office
The fact is that the new Congress will take office on January 3 and the tycoon's priorities in this transition period are quite clear. First of all, guarantee funding for defense, a critical and urgent issue due to ongoing conflicts and the approaching legislative deadlines that cannot be postponed. Trump and the Pentagon are fighting for an unprecedented military spending of 1,500 billion dollars, a maxi maneuver that is facing opposition not only from Democrats but also from within the Grand Old Party. The White House is studying a $400 billion cut and developing a backup plan that includes a budget of $1,100 billion. But in the end a compromise should be reached in the form of a targeted and bipartisan emergency intervention, around 100 billion dollars. The other issue at the top of the tycoon's agenda is immigration. Trump intends to implement a strategy strongly focused on presidential powers and prerogatives to protect and promote his hard-line policies. His advisors are already devising alternative plans aimed at bypassing Congress entirely and consolidating its grip through decrees and executive orders. The same reasoning applies to duties and appointments, with particular attention to the Supreme Court. After the landslide victory in the mid-term elections, the Democrats have some hope of chipping away at the conservative supermajority of the highest American court. But if the Republicans managed to convince one of the two judges close to retirement, Samuel Alito and Clarence Thomas, to leave in recent weeks, the president could make a quick appointment and remain in control of the Court. Alito has already made it known that he does not intend to take a step back even if this will cause the Republicans to lose the short window available. Once the new Democratic-majority Senate formally takes control, Trump will no longer be able to confirm any judges, on the highest court or in any other federal court.
In-depth analysis
Midterm, 3,200 billion burned on Wall Street with the escape from AI
