American voters have chosen Donald Trump as the next President of the United States giving him a commanding victory against Vice President Kamala Harris.

A call in the state of Wisconsin in favor of Trump by the the Associated Press on Wednesday morning put him over the top with Trump now set to have the distinction of being the 45th and the 47th US president.

"This was I believe the greatest political movement of all time," he told supporters early Wednesday morning as he neared victory. "And now it's going to reach a new level of importance."

The former president was powered by the strong support of men and an intense voter focus on inflation that has been evident in nearly every poll in the years since consumer inflation peaked at a 9.1% annual rate in June 2022.

"America has given us an unprecedented and powerful mandate," Trump also claimed Wednesday noting his win in the electoral college and his lead, as of Wednesday morning, in the popular vote.

Inflation has moderated in recent years but it has nonetheless remained front and center in voters' minds, which Trump proved able to use to win Joe Biden voters back to his side and bring new voters to the polls who sat out previous contests.

“We are going to turn our country around,” he promised voters in his final rally late Monday night in Grand Rapids, Michigan. “I will end inflation very quickly.”

It was a refrain he repeated at nearly every campaign stop including Wednesday morning where his podium read "Trump will fix it."

Trump's main campaign promises — a new wave of tariffs and a “mass deportation” of undocumented immigrants — could put new upward pressure on prices say many economists.

A note from Capital Economics late Tuesday night crystallized some of the macroeconomic worries. The authors wrote that they expected Trump to push forward on his proposed immigration curbs and tariffs and as a result “we are minded to reduce our GDP growth forecast... by roughly 1% and add 1% to our inflation forecast over the same period.”

Trump has remained undeterred the campaign trail, pledging to impose new blanket tariffs on Mexico during a stop in North Carolina on the final day of campaigning.

"You're the first ones I've told it to," Trump told a crowd in Raleigh. "Congratulations, North Carolina."

Trump has also promised things like 60% tariffs on China, 20% tariffs on America's other trading partners in addition to his promises of duties on Mexico.

An analysis from Goldman Sachs projected that a Trump win would impact US GDP growth by -0.5 percentage points in large part because of a "hit to growth from tariffs."