President-elect Donald Trump's shocking upset victory on Election Day has sent the global economy into tumult. World leaders have weighed in on the business mogul's victory, the majority of them offering measured congratulations and calls for cooperation.
On Nov. 8, Trump defied the vast majority of polls by defeating Democratic nominee Hillary Clinton in the electoral college. During his victory speech, the consistently fiery real estate developer offered a conciliatory tone, The New York Times reports.
“I want to tell the world community that while we will always put America’s interests first, we will deal fairly with everyone, with everyone -- all people and all other nations,” Trump said. “We will seek common ground, not hostility; partnership, not conflict.”
World leaders swiftly issued their congratulations, some enthusiastic in tone while others were more guarded, PBS reports.
Russian President Vladimir Putin announced he was eager to strike up a new relationship with the U.S. with Trump as its leader.
“We understand that it will not be an easy path given the current state of degradation in the relations ... But Russia wants and is ready to restore fully fledged relations with the United States,” Putin said.
U.K. Prime Minister Theresa May congratulated Trump on his victory and stated that her nation and the U.S. will remain “strong and close partners on trade, security and defense.”
Israeli Prime Minister Benjamin Netanyahu issued an enthusiastic congratulations to Trump and heralded him as a welcome new ally.
“President-elect Trump is a true friend of the State of Israel,” Netanyahu said. “We will work together to advance the security, stability and peace in our region. The strong connection between the United States and Israel is based on shared values, shared interests and a shared destiny.”
Chinese President Xi Jinping stated that he was eager to collaborate with a Trump administration “to uphold the principles of non-conflict, non-confrontation, mutual respect and win-win cooperation.”
Mexican President Enrique Pena Nieto, whose country had been dealt with particular scorn by Trump on the campaign trail, took to social media to tweet, “Mexico and the United States are friends, partners and allies and we should keep collaborating for the competitiveness and development of North America.”
Canadian Prime Minister Justin Trudeau vowed to “work with president-elect Trump’s administration, as we move forward in a positive way, not just Canadians and Americans, but the whole world.”
Other world leaders offered less enthusiastic announcements. French President Francois Hollande said he would congratulate but added, “This American election opens a period of uncertainty.”
German Chancellor Angela Merkel stated she would cooperate with Trump based on the values of “respect for the law and the dignity of human beings, independent of their origin, skin color, religion, gender, sexual orientation or political position.”
Iranian President Hassan Rouhani issued an announcement that his country would have no interest in renegotiating the Iran-U.S. nuclear deal, calling the agreement “irreversible.”
The world markets reflected with less confidence. The Mexican peso plummeted to its greatest low since 2008, when the Great Recession began. Japan’s Nikkei index dipped by 5.4 percent while the Stoxx Europe 600 index dropped by 2.4 percent. The value of gold also rose, The Washington Post reports.
Chief Economist Yang Delong of the First Seafront Fund in Shenzhen explained that the markets were volatile based on Trump’s campaign rhetoric and concerns over how his attitudes towards trade and alliances would impact the global economy.
“Trump has not held any public office before and lacks experience of making currency and fiscal policies,” Delong said. “He also has extreme views. All of these will be viewed by the investors as huge uncertainty. That’s why the markets are down and the gold price is going up.”