Trump’s Comeback, Historic Wins, and Asian American Shifts: Key Election Insights and Global Reactions

Good Morning – November 7, 2024

Your daily update on stories impacting the Asian and Asian American community, along with key insights into business, culture, and trends.

TOP STORIES

Donald Trump reclaims White House in stunning comeback

Donald Trump emerged victorious in the U.S. presidential election, defeating Vice President Kamala Harris in a closely contested race. This marks the former president’s unprecedented return to the White House, signaling a new chapter in American politics.

• How the election turned out: Trump secured the 270 electoral votes needed to clinch the presidency after winning — and flipping — battleground Wisconsin earlier today, as per AP News. With victories in other coveted swing states such as Georgia, North Carolina and Pennsylvania, he now carries 277 electoral votes (71.7 million votes), compared to Harris’ 224 (66.8 million votes). “This was, I believe, the greatest political movement of all time. There's never been anything like this in this country, and maybe beyond,” he told supporters just before 2:30 a.m. after he crossed the threshold.

• What’s next: Harris, whose supporters hoped to become the first woman, first Asian American and first Black woman president, will formally concede the election to Trump at 6 p.m., sources told Reuters. Despite his victory, Trump is still facing numerous legal battles, including a conviction in New York for falsifying business records related to hush money payments, with his sentencing set for Nov. 26. He also aims to end two federal cases against him in Washington, D.C., and Florida — related to his attempts to overturn the 2020 election and mishandling classified documents — by dismissing special counsel Jack Smith if inaugurated. Meanwhile, the fate of his Georgia case, centered on efforts to overturn the 2020 election, remains uncertain as legal challenges continue. Additionally, he faces multiple civil lawsuits, including defamation claims from E. Jean Carroll and a significant fraud judgment in New York.

Andy Kim becomes the first Korean American senator in U.S. history

Democrat Andy Kim’s win in New Jersey marks a historic moment, as he becomes the first Korean American U.S. senator. Kim’s progressive campaign focused on issues like housing and economic stability, resonating with voters seeking reform after Robert Menendez’s resignation. In his victory speech, Kim called this achievement a triumph for Asian American communities, symbolizing broader inclusion in American politics.

ELECTION INSIGHTS

Asia reacts to Donald Trump’s second term win

Asia is bracing for the return of Donald Trump to the White House, as leaders across the region express a mix of cautious optimism and concern about his foreign policy. Observers believe Trump’s victory over Kamala Harris may escalate tensions with China, disrupt regional trade and challenge longstanding alliances, particularly in the Asia-Pacific region.

• Sweeping tariffs: Trump’s second term is expected to see the intensification of his "America First" approach, including aggressive trade policies and sweeping tariffs on Chinese imports, potentially as high as 60%. Experts fear these measures will deepen the economic divide between the U.S. and Asia, particularly for countries heavily reliant on trade like South Korea, Japan and Vietnam. Already, currencies across the region — such as the Singapore dollar and South Korean won — have tumbled in anticipation of higher tariffs and market instability. While Chinese government spokesperson Mao Ning reaffirmed Beijing’s commitment to managing U.S.-China relations with "mutual respect, peaceful coexistence, and win-win cooperation," analysts predict that China will brace for heightened trade tensions as Trump moves forward with his policies.

• Asian leaders react: While pundits remain cautious about Trump’s approach to traditional alliances, especially regarding Taiwan, Asian leaders have offered their congratulations. Indian Prime Minister Narendra Modi was one of the first to congratulate Trump, expressing eagerness to "renew our collaboration" and strengthen the India-U.S. strategic partnership. In his message, South Korean President Yoon Suk-yeol expressed his hopes for the continued strength of the U.S.-South Korea alliance under Trump’s leadership. Japanese Prime Minister Shigeru Ishiba also talked about taking the Japan-U.S. alliance to "new heights." Taiwan’s President Lai Ching-te voiced confidence that U.S.-Taiwan relations would remain pivotal to regional stability. Leaders from Cambodia, Pakistan and the Philippines also extended their congratulations.

More Asian Americans voted for Trump this year, exit poll shows

A new exit poll reveals a rise in Asian American support for Trump in this election, with 38% voting Republican, up from 34% in 2020. However, the majority—56%—still favored Harris, marking a decrease from Biden's 61% in 2020. This shift reflects a complex voter landscape as economic and social issues shape political preferences in the community.

Here’s how to cope with election stress, according to experts

Elections can have a profound emotional impact, especially in a polarized climate. With political stress high, experts recommend self-care strategies to protect mental well-being:

1. Prioritize Sleep: Quality sleep is essential. Avoid screens before bed, try relaxation exercises, and get sunlight exposure to reset your circadian rhythm if needed.

2. Practice Deep Breathing & Connect with Nature: Mindful breathing and spending time outdoors can reduce anxiety and cortisol levels.

3. Limit News & Social Media: Avoid constant news updates. Instead, check for summaries and focus on uplifting activities.

4. Acknowledge Emotions: Naming emotions can reduce their intensity. Journaling or talking with a trusted friend helps, and therapy may be beneficial.

5. Stay Present: Focus on the present to avoid anxiety. Practicing mindfulness can help control what feels manageable.

6. Seek Common Ground: Finding shared values with others can improve well-being and relationships amid divisive times.

7. Seek Help When Needed: Mental health resources, like online therapy platforms such as Anise Health, offer culturally responsive care tailored to the Asian American community. If you or someone you know is in crisis, call or text 988 to reach the 988 Suicide and Crisis Lifeline.

BUSINESS AND GLOBAL AFFAIRS

Vietnamese tycoon appeals death sentence in a historic $27 billion fraud case 

Prominent businesswoman Truong My Lan, sentenced to death over a $27 billion fraud case, is appealing for leniency. Lan, who illegally withdrew funds from the Saigon Commercial Bank and established thousands of shell companies, calls the sentence harsh, arguing for a humane approach. Her case underscores concerns over financial corruption in Southeast Asia’s growing economies.

CULTURE AND TRENDS

San Francisco hosts Dev Patel look-alike competition

Inspired by New York’s Timothée Chalamet look-alike event, San Francisco residents will gather to celebrate Dev Patel doppelgängers at Dolores Park this weekend. This playful event reflects a growing trend of niche gatherings, celebrating diverse representation in Hollywood and cultural iconography. 

ENTERTAINMENT HIGHLIGHTS

Olivia Rodrigo’s “oddly specific” red flag for first dates

Olivia Rodrigo, promoting her Netflix concert special, shared a unique “space travel” question she uses to screen first dates, sparking a mix of humor and critique online. Her special, “GUTS World Tour,” offers fans a behind-the-scenes look at her sold-out arena performances, featuring hits from her recent albums.

QUICK HITS

• Michelle Steel leads in tight Orange County race: Early results show Republican Rep. Michelle Steel ahead of Democrat Derek Tran in California’s 45th congressional district, with ballot counting ongoing.

• New York passes the Equal Rights Amendment: Voters approve a state amendment barring discrimination based on age, gender identity, and pregnancy outcomes, amid mixed responses from Asian American advocates on educational impacts.

• Korean chef embroiled in scandal: “Culinary Class Wars” contestant Kang Seung-won faces allegations from his ex-wife of embezzlement and sending death threats, with South Korean authorities now investigating. 

• Texas Rep. Angie Chen Button beats ex-Miss Texas Averie Bishop to secure 9th term: Republican Angie Chen Button defeated Democrat Averie Bishop, securing 54% of the vote. Her victory ensures that Button remains one of Texas's leading Asian American voices in the state legislature.

Stay informed, stay inspired. We’ll be back tomorrow with more stories that matter to the Asian and Asian American community.