Democrats' Congress Win Limits Trump's Economic Agenda

Democrats have won majorities in both chambers of the US Congress in the midterm elections, potentially limiting President Donald Trump's ability to govern and impacting economic policies with consequences reaching Germany. Experts expect no relief from Trump's tariff policies, which could intensify as he focuses on foreign affairs and executive orders. German businesses should anticipate current trade restrictions continuing until January 2029, with political uncertainty likely burdening transatlantic commerce. US economic growth may slow to around 1.5 percent by 2028 due to reduced stimulus prospects and immigration crackdowns. Oil prices could decline if Trump resolves the Iran conflict, while tech regulation and crypto oversight are expected to tighten under Democratic leadership.