Donald Trump Activates Decree Power: Key Changes Ahead – January 21, 2025 | Zonebourse

Donald Trump Activates Decree Power: Key Changes Ahead - January 21, 2025 | Zonebourse

Donald Trump’s inaugural address emphasized economic revival and a shift away from previous policies. He criticized the prior administration’s approach, linking inflation to the Green New Deal and declaring an energy emergency. Key actions included halting oil imports from Venezuela, ending offshore wind farm permits, and lifting LNG export restrictions. Additionally, he announced government optimizations, including a hiring freeze and the cancellation of numerous regulations, while imposing tariffs on imports from Canada and Mexico to address illegal immigration and drug trafficking.

Trump’s Inaugural Address and Economic Focus

After emerging victorious in the elections last November, Donald Trump took his oath of office at the Capitol, shortly after his Vice President, James David Vance. During a speech delivered from the rotunda, he declared, “The golden age of America begins now,” setting the stage for his vision of “America Only.”

From the outset, Trump prioritized the economy in his address, delivering a pointed critique of the previous administration’s policies. He linked the soaring inflation rates to the Green New Deal’s initiatives and announced a state of energy emergency. Among his key announcements were:

  • Ceasing oil imports from Venezuela.
  • Ending restrictions on oil drilling in Arctic regions and coastal areas.
  • Halting new permits for offshore wind farms.
  • Revoking the 50% electric vehicle targets set for 2030, along with subsidies for charging infrastructure.
  • Lifting the freeze on liquefied natural gas (LNG) export permits.

These actions coincide with the United States’ withdrawal from the Paris Climate Agreement, indicating a decisive shift away from the environmental commitments made by his predecessor.

Government Optimizations and International Trade Policies

In his pursuit of a more efficient government, Trump announced the cancellation of “nearly 80 destructive measures” implemented by the former administration. He also revealed a hiring freeze in the public sector and introduced plans for a merit-based federal hiring system.

Furthermore, Trump exited the global corporate tax agreement established in 2021 and is preparing responses to potential tax penalties from participating nations.

On the customs front, Trump confirmed the introduction of a 25% tariff on products imported from Canada and Mexico, effective February 1, as part of his strategy to combat illegal immigration and fentanyl trafficking. Notably, China has been temporarily spared from these tariffs, as Trump aims to engage in fresh negotiations to mitigate tensions.

In regard to TikTok, Trump signed an executive order delaying the application’s ban in the U.S., signaling a willingness to explore discussions aimed at easing restrictions between the two nations.