Donald Trump has been elected as the 45th president of the US, beating Hillary Clinton in a surprise result. 

Substantial uncertainty still surrounds Trump's policy positions, as well as market scepticism over his views on topics such as trade.

TAX 

Donald Trump has proposed collapsing the current seven income tax brackets to three with rates of 12%, 25% and 33%. The current top rate is 39.6%. 

He said he also would eliminate the estate tax, and slash the corporate rate to 15% from 35%. 

Trump has proposed increasing spending on the U.S. military and infrastructure but says he would reduce spending on other categories by 1% each year. However, the Social Security and Medicare programmess for the elderly would be exempt from cuts. 

His plan would allow families to deduct childcare costs from income taxes and offer further support through an existing tax credit for lower-income people. He would also provide six weeks of paid maternity leave for new mothers through temporary unemployment insurance. 

He has proposed paying for it by cracking down on fraud in the unemployment insurance programme and through other changes to the system.

WALL STREET REGULATION

Donald Trump has promised a "dismantling" of the 2010 Dodd-Frank financial reform law enacted following the financial crisis, but has given few details.

The Republican Party's platform calls for reinstating Glass-Steagall, the 1930s-era law that forced the separation of investment banks from deposit-taking institutions. Trump's former campaign manager, Paul Manafort, said in July that his campaign backed this change.

Republican lawmakers have so far been unable to undo many of their most-despised pieces of the Dodd-Frank law, and many in their ranks oppose a return to Glass-Steagall.

RUSSIA

Trump has said he would have a "very, very good" relationship with Russia. He has said he believed Russian President Vladimir Putin was a better leader than Obama.


CHINA

Trump has made criticism of China's trade practices a central campaign theme. He has vowed to formally label China a currency manipulator, impose tariffs on Chinese imports and bring unfair trade cases as punishment for what he believes are improper subsidies.

He has said he would pull the US out of the 12-nation Trans-Pacific Partnership, or TPP. Though the trade agreement does not include China, Trump has said he is concerned it could try to enter it through the "back door." 

TPP supporters, including Obama, have said China hoped to reach its own deal that would make it the leader in Asian trade. They have said the pact would enable the US to take a leadership role in the region instead of China.