In the midst of his second term, President Donald Trump wasted no time implementing a series of impactful executive orders. From tariffs on Canada and Mexico to delays in the TikTok ban, his policies are set to have wide-reaching effects on trade, climate, electric vehicles, and more.
The President’s plan to impose a 25 percent tariff on goods from Canada and Mexico has stirred speculation about rising prices for imported goods. While he initially promised tariffs on all foreign countries, including China, Trump seems to be delaying that move pending the outcome of the TikTok sale. The looming tariffs could potentially impact everything from cars to winter coats.
In a surprising move, Trump declared an energy emergency, marking a first in U.S. history. He criticized the Biden administration’s restrictions on domestic oil drilling and signed orders to open up more areas for drilling, emphasizing the need to boost energy production.
On the electric vehicle front, Trump revoked Biden’s mandate for half of new cars to be electric by 2030. Instead, he aims to incentivize automakers to increase production overall, not just in electric vehicles, in an effort to support the auto industry and American autoworkers.
In a controversial move, Trump also signed orders to pull out of the Paris Agreement and the World Health Organization, signaling a shift in U.S. international relations.
Additionally, the implementation of the Department of Government Efficiency (DOGE) led by Elon Musk has sparked legal challenges, with advocacy groups accusing it of violating federal laws.
Overall, Trump’s Day 1 policies are poised to shape the future of trade, climate, electric vehicles, and international relations in significant ways. Stay tuned for more updates on the impact of these bold executive orders.
