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While Trump was going through his university years, USA was deeply involved in one of the worst war incursions in its history: the vietnam war. The billionaire, who was old enough to be sent to the front, managed to avoid the call five times. According to the Times, despite his impeccable medical history, was diagnosed with a bone spur in his heel. In the other four extensions, he raised educational issues. Finally, it was classified as “suitable” but “only in case of national emergency.”
Having avoided the conflict did not prevent Trump from questioning the bravery of veterans of war. Some time ago, he declared about the former Republican senator John McCain, who was a prisoner in Vietnam: “He’s not a war hero. It’s because he was captured that he’s a war hero. I love the people who weren’t captured.”
Regarding the family business, he carried out a reconstruction to turn it into the multinational “Trump Organization.” Its expansion was driven by the help of a tax deduction for 40 years given to him by the city of New York, which allowed him to take the Grand Hyatt Commodore Hotel out of bankruptcy.
The company grew due to the purchase of luxury hotels and renowned buildingsbut it also owed its impetus to the acquisition and construction of casinos, among them the so-called Taj Mahal, by borrowing with low-backed bonds that quickly led to default.
In the 90s, Suffocated by millionaire debts, the company was on the verge of bankruptcy. The tycoon and his father resorted to multiple loans to get out of trouble. However, the banks and the company had to restructure the debt to find a way out of the situation. and it was the entertainment sector which allowed them to restore the flow of income to pay interest.
Years later, Trump acquired the rights and organization of the contests Miss USA and Miss Universe from 1996 to 2015. But it was the fact that he had his own reality show“The Apprentice”from 2004 to 2015, which allowed him to return to the scene after years of controversial business management.
Donald Trump and his arrival to the US presidency
The family fortune and his entrepreneurial avidity led him to become one of the richest men in the country. According to Forbes, in 2016 he owned a fortune of US$4.5 billion. Furthermore, his charisma and ease of appearing in front of the cameras made him a very media person during his youth, something that boosted his political career.
Under the slogan “Make America Grate Again” (Make the Country Great Again), Trump launched his presidential campaign in 2015 within the Republican Party. With a anti-immigration rhetoric, rating the mexicans as “corrupt, criminals and rapists”, was positioning his speech in the media, accompanied by criticism of traditional politics, the advance of China and the lack of protection of American jobs.
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Despite not obtaining the majority of citizen votes in the 2016 presidential elections, managed to reach the White House by winning with 304 votes in the Electoral College compared to Hillary Clinton’s 227involved in a scandal due to the leaking of emails that would later be known as the Russia Gate, a complaint that came to impact Trump given that three members of his campaign team were prosecuted for conspiring with Moscow.
Protectionism, Covid-19 and trade war with China
During his government, the former president withdrew USA of the Paris Agreement for the reduction of carbon emissions, tried without success to repeal the Obamacare (low price medicine) and Dodd-Frank law (financial regulation after the 2008 crisis). He also signed laws to tax reduction, in order to encourage the return of companies to US territory to reduce unemployment.
His presidency was strongly affected by the economic impact of the coronavirus pandemic. Covid-19, a fact that the tycoon tried to minimize from the beginning, despite the fact that, at the same time, disbursed funds to accelerate vaccine manufacturing and enacted economic relief laws for US$2.1 billion to assist families and companies.
Prior to the pandemic, the economy had added 6.7 million jobs, grew 2.5% on average, and residents’ income rose 0.8% above inflation. However, on the balance sheet, after four years, unemployment ended up (-3 million jobs) and Covid-19 assistance and tax cuts increased the debt.
His Confrontational strategy raised tension on multiple occasions with the leader of North Korea, Kim Jong Un, whom he threatened to attack openly, in response to the Asian republic’s nuclear tests. But he was also the only US president to cross the border with South Korea and shake hands with the dictator.
Regarding his relationship with China, Trump actively bet on a “war” of tariffs, as a measure to reduce the influence of the Asian giant on the US economy. He steel Chinese was affected, as were Chinese products. Huawei, which he included in the “blacklist”, something that would later also happen with TikTok, under accusations of espionage and use of private information of US citizens.
The dispute with China hides a reason that exceeds the ideological one. At the moment, The US is the country with the highest GDP at a nominal level, while the Asian giant is in second place and leads the ranking in purchasing power parity.. Likewise, the US is the main importer of products in the world, while China leads the top exporters.
An end of term marked by the assault on the Capitol and the impeachment
True to form, the end of his presidency was embroiled in a scandal of historic proportions. After the defeat in the 2020 elections against Joe Biden, Trump ignored the results and encouraged a revolt of his supporters that culminated in the assault on the Capitol, in January 2021, to prevent the certification of the current president’s victory, where five people lost their lives (one police officer and four civilians).
Trump was the only US president to be taken to political trial on two occasions. The first in 2019, accused of having pressured the president of Ukraine, Volodymyr Zelensky, to accuse Biden and his son, Hunter, of alleged corruption. The second, now out of the presidency, was for the assault on the Capitol. The processes were approved by the House of Representatives but rejected by the Senate.
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During his mandate he also managed to tip the balance of the conservatives in the Supreme Court. This allowed him years later, in 2022, deal a blow to one of the most important health policies in the United States: the federal ruling Roe v. Wade on abortion, which until then was considered a right.
Two assassination attempts and a judicial conviction marked Trump’s campaign
At 78 years old, Trump has a very large and varied family in every sense, especially when it comes to his children. After three marriages, his five descendants have a large age difference and very different types of relationship with their father. The first three, Donald Trump Jr., Ivanka Trump and Eric Trump They hold executive positions in his company and are actively involved with him. His fourth daughter, Tiffany Trump He does not have the best of relationships with the president, going so far as to say that “he never had a father figure.” AND Barron Trump, only child from his marriage with Melania Trump, He is still 17 years old.
After leaving the presidency, Trump became the first former president in US history to be convicted of a criminal offense. In May 2024 a jury found him guilty of covering up a payment of money to silence the porn actress Stormy Daniels during the 2016 elections. He faces a maximum sentence of four years in prison, although others convicted of that crime usually receive shorter sentences, fines or probation. Imprisonment will not prevent him from taking office if he wins the November elections.
Closer in time, the tycoon was a victim of two murder attempts. The first was on July 13 during a campaign event in Pennsylvania, where the Republican Party candidate he was shot in his right ear and he retired under guard, with blood on his face. The shooter was killed by the police. Months later, a person opened fire at a Florida golf course where Trump was, although he was not injured.
Trump after the shooting
The attack opened a bigger door to the presidency for Donald Trump and an opportunity for investors who dare and know how to take advantage of it.
The milestone that Donald Trump seeks to achieve
With the elections around the corner, the billionaire will seek to return to the White House. If he manages to win the elections against Kamala Harris, He will become the second former president in US history to return to power and the first in 131 years.
He Democrat Grover Cleveland He held his first presidency in the United States from 1885 to 1889. After his term ended, he left power in the hands of the Republican Benjamin Harrison. However, four years later, In 1893, he won the elections again. Since then, it is the only US head of state to have returned to the federal government.
Modern tradition shows that former American presidents have abandoned the political career after leaving power, giving way to new generations. However, Trump is betting on leaving his name in history: if he wins he will be the first Republican to return to power.
Source: Ambito
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