Trump Begins Term with Focus on Energy and Other Topics Like Cryptocurrencies
- Energy as a focus with national emergency declared
- Commercial vision without immediate new tariffs
- Cryptocurrencies and TikTok under presidential review
Shortly after assuming the presidency, Donald Trump began a series of activities that promise significant changes, especially in the energy sector and trade policy. A veritable marathon of up to 200 executive orders is expected to be signed, impacting everything from energy production to trade regulations.
In the energy sector, the president has declared a national economic emergency to boost production. The strategy includes measures to reduce red tape and boost access to natural resources, especially in Alaska. Trump has promised to use his powers to “double” U.S. energy production and review previous decisions on offshore drilling.
On trade, while tariff action against Canada and Mexico has been promised, the tariffs will not be implemented immediately. A trade vision will be detailed, but no new tariffs are expected for now. Treasury Secretary nominee Scott Bessent said future tariffs could generate significant revenue for the federal budget.
Other topics such as cryptocurrency and the status of TikTok were also discussed. Trump signaled that he would sign an extension to give the company a reprieve despite the pending legal issues. He stressed the importance of ensuring national security without harming TikTok's operations in the US.
Amid these moves, many business leaders and investors are keeping a close eye on the implications of these orders. Capital Economics noted that markets are likely to continue to face volatility, reflecting uncertainty about the impact of the new policies.
At his pre-inaugural event, Trump emphasized that the measures would be implemented over a period of weeks, despite suggestions from his aides that they be spread out more evenly. He also mentioned that his first day in office would bring additional surprises, possibly involving other areas such as student loans and government efficiency, with the participation of entrepreneur Elon Musk and his Department of Government Efficiency (DOGE).
Trump concluded his remarks with a promise of favorable decisions for his supporters involved in the events of January 6, raising expectations for the president's next actions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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