Donald John Trump has been projected as the winner of the presidential election, according to the Associated Press, after election returns showed that Trump had won stunning come-from-behind victories across a swath of contested states.

Trump, 70, will be the 45th president of the United States. A real-estate developer and former reality-TV star, Trump is the first person to win the presidency without having previously held public office or served in the U.S. military.

Mike Pence, 57, will be vice president. Pence was a longtime member of the House of Representatives and is now the Republican governor of Indiana.

Trump’s victory could produce significant repercussions, both economic and political. Stock markets had risen in recent days, believing that Democratic nominee Hillary Clinton would win. On Tuesday evening, as Trump reeled off a string of unexpected victories across the Midwest, futures market nosedived -- likely anticipating global upheaval as Trump tries to follow through on aggressive campaign promises: to build a wall along the U.S.-Mexico border, to impose tougher trading conditions on China, and to force U.S. manufacturers not to move operations overseas.