Donald Trump has won the 2024 election. Here's what's next on 2 key economic issues.

Given Trump's proposed tariffs and tax policies, which may lead to higher inflation and potential economic slowdown, the markets could face volatility. The focus on inflation might create pressure on consumer stocks and sectors sensitive to pricing changes.

Tariffs on imports could affect sectors heavily reliant on manufacturing and imports, creating pressure on companies like Apple and Tesla. Investors should be cautious of growth stocks in technology and consumer goods.

Markets may react positively to tax cuts proposed by Trump; however, overall uncertainty regarding the execution of these policies could lead to mixed responses in the short term.