President Donald Trump’s agenda after his inauguration will focus on economic priorities such as tariffs and tax cuts. While he may use executive orders for some promises, legislative plans like tax cuts will require approval from Congress. The GOP’s unity, especially after recent government shutdown drama, may pose challenges for Trump’s agenda.
Trump aims to consolidate his major campaign promises into a comprehensive bill, encompassing border security, taxes, and energy. This bill, funded by proposed tariffs, could potentially include measures like mass deportations, immigrant detention camps, and revitalizing the border wall construction.
Furthermore, Trump plans to extend or make permanent the tax cuts from the 2017 Tax Cuts and Jobs Act, lower the corporate tax rate, and implement R&D tax credits. His proposed bill also includes measures like increasing oil production, rolling back emissions policies, and imposing tariffs on EV supply chain-related imports.
In terms of tariffs, Trump has expressed intentions to impose significant tariffs on trade partners, with specific focus on China, Mexico, Canada, and Denmark. The method of enacting these tariffs remains uncertain, with experts warning of potential price increases in the U.S.
The issue of raising or eliminating the debt ceiling also looms as the U.S. approaches its limit. Trump has suggested addressing this in Congress’s funding resolution, but no concrete measures were included in the approved bill.
Trump’s “Day One” executive orders encompass a wide range of actions, from deportations and tariffs to ending humanitarian aid programs and birthright citizenship. His agenda also includes directives on climate policy, defeating inflation, and ending the war in Ukraine, although the specifics of these actions remain unclear.
As Trump navigates his second term, the complexities of executing his agenda, especially in a divided political landscape, will be a key area to watch.