Trump to Unveil Historic Executive Orders on Inauguration Day
President-elect Donald Trump has prepared unprecedented executive orders for signing this afternoon, with additional actions likely to follow in the coming days. Trump initially pledged 100 executive actions, but that number has since increased to 200.
Executive Order Highlights:
* National economic emergency on energy to enhance energy production
* Extension of the TikTok app's reprieve, pending further review
* Development of a trade plan outlining Trump's vision and directing agencies to analyze trade policies and the U.S.-China relationship
* Presidential memorandum on inflation, ordering federal agencies to explore cost reduction measures
Energy Focus:
Trump has promised to empower energy companies and increase energy production. Executive orders are expected to reduce regulations, expand access to natural resources (including Alaska's Arctic National Wildlife Refuge), and declare an emergency based on high energy prices.
Tariffs:
Despite previous announcements, Trump is unlikely to impose immediate tariffs on Canada and Mexico. Instead, he may outline his trade vision and order agencies to study trade policies, with potential tariffs being implemented gradually over time.
Other Surprises:
Trump is also set to address various other topics, including:
* Federal workforce control
* Cryptocurrencies
* Student loans
* Pardons for supporters convicted in the January 6, 2021 Capitol attack
Impact and Uncertainty:
While Trump aims to make a significant impact with these orders, questions remain about their ultimate consequences. Financial experts warn that market volatility is likely to continue.