President-elect Trump Promises Executive Flurry on Inauguration Day
Donald Trump and his advisors plan to issue a wave of executive orders on inauguration day, focusing on key areas such as energy, immigration, and tariffs.
Energy
* Trump intends to sign orders opening up drilling access and rolling back Biden-era restrictions on fossil fuel companies.
* A reversal of the pause on approvals of liquefied natural gas exports is expected, as well as regulations on electric vehicles and tailpipe emissions.
* Trump has also promised to withdraw from the Paris Climate Accords.
Immigration
* Orders could rapidly lead to new enforcement actions in the US and at the southern border.
* Trump suggests mass deportations could begin, with economic consequences anticipated.
Tariffs
* Trump has previously expressed plans to impose tariffs on Canada and Mexico but has not confirmed whether this will occur on day one.
* A national emergency declaration could allow for immediate tariffs but would face legal challenges.
* A broader tariff policy as a revenue raiser is also being considered.
TikTok
* Trump intends to issue an extension to prevent the tech company's shutdown, although legal uncertainties remain.
Other Issues
* The federal bureaucracy, student loans, and pardons for Capitol rioters are among other topics expected to be addressed.
* Elon Musk's Department of Government Efficiency may play a role in the executive orders.
Impact
* Capital Economics predicts a bumpy path ahead in markets.
* Uncertainty remains around the precise direction of Trump's policies, particularly on tariffs.
* Trump's actions could have significant implications for businesses and investors.