Donald Trump Wins U.S. Presidency in Historic Comeback

Fox News has projected a victory for Republican Donald Trump in the U.S. presidential race, defeating Democrat Kamala Harris in a surprising comeback, four years after leaving office. Other media outlets have yet to confirm the result.

In West Palm Beach, Florida, Trump’s supporters erupted in celebration at a convention centre, chanting “USA! USA!” as they awaited his arrival to address the crowd.

Trump had already secured the swing states of North Carolina and Georgia and held leads in several others, according to Edison Research. He demonstrated broad support across the country, improving his 2020 performance from rural areas to urban centres.

Republicans also clinched control of the U.S. Senate, flipping Democratic seats in West Virginia and Ohio, while the House of Representatives remains tightly contested, with Republicans narrowly holding the majority.

Entering Election Day, Trump had a 50-50 chance of reclaiming the presidency, a significant recovery following the events of January 6, 2021, when a mob stormed Congress in an attempt to overturn his previous defeat.

Exit polls from Edison revealed Trump made gains among traditionally Democratic Hispanic voters, capturing 45% of their votes, up from 32% in 2020. Support from lower-income households, who cited economic hardship since 2020, also bolstered his numbers. Economic concerns were paramount, with 31% of voters citing it as their top issue. Among them, 79% backed Trump.

Global markets reacted to Trump’s projected win: U.S. stock futures and the dollar rose, Treasury yields climbed, and bitcoin rallied.

Meanwhile, at a watch party at Howard University, Harris supporters began leaving as the race tilted in Trump’s favour. Harris campaign co-chair Cedric Richmond addressed the crowd briefly, noting that “we still have votes to count” and “states that haven’t been called yet.”