World reacts to Donald Trump victory, Prime Minister Albanese declares Australia and America true friends [Video]

As Donald Trump celebrated through the night following an extraordinary political comeback, Australian and world leaders marked a new chapter in US politics — albeit one that is reminiscent of 2017.

Many leaders — including Prime Minister Anthony Albanese — were focused on what it would mean for foreign affairs and global security. Some highlighted how the first Trump administration had taken a hard line on China during the 2018-2019 trade war.

Mr Trump previously proposed crippling tariffs on Chinese imports in excess of 60 per cent if re-elected and ending the country’s most-favoured nation trading status.

Mr Albanese vowed to work closely with Mr Trump and emphasised the United States’ leadership role in stability and security. He said Australia and America were “old allies” and “true friends”.

“Our Government will work closely with the new Trump Administration to realise the benefits of our strong economic partnership,” the PM said.

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