Donald Trump has been elected as the 47th American president.

His decisive victory will have major impacts on global affairs and on the Australian economy. Prime Minister Anthony Albanese and Opposition Leader Peter Dutton were quick to congratulate Trump, and both leaders will be assessing their relationship with the President elect over coming weeks.

So what does a Trump presidency mean for Australia?

Joining Jacqueline Maley to unpack is chief political correspondent David Crowe and Nine’s national affairs editor Andrew Probyn.

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