American citizens will renew their legislators (435 seats in the House of Representatives) and select a large portion of senators (35 of the 100 seats in the Senate). In addition, 39 state and territorial governorships will be contested and other state and local elections will also be held.
These mid-term elections could be seen as an appraisal of the first two years of the Donald Trump presidency. Does the "America First" policy still resonate with the electorate, especially in the light of potential collateral damages for some economic agents? Have legal issues started to overcome the overall economic benefits enjoyed so far? The outcome of the mid-term elections will have major impact and ramifications for economic and trade policy for the next two years and beyond as it will give the first insight into the 2020 presidential election.
The GOP (the Grand Old Party or the Republican party) currently holds the Presidency and the majorities in both the House and the Senate, but they may lose control of one or both chambers. The Democrats need to flip at least 24 seats in the House (out of a total of 435) or grab a minimum of two additional seats in the Senate (out of a total of 100) to regain control of at least one chamber.