"Trump trade" is back! "First day executive orders" are the focus of the market next week.
18/01/2025
GMT Eight
This week, the "Trump Trade" once again became the focus of the market, with overnight market performance strong.
Driven by lower-than-expected inflation data and stronger-than-expected economic growth in the United States, the three major US stock indexes all closed higher, with the Dow, Nasdaq, and S&P 500 all breaking through key technical levels. Bitcoin saw its biggest weekly gain in two months, and gold approached historical highs.
Analysts point out that the current market focus is shifting from data to policy, with Trump's "first day executive orders" set to become the core variable in the financial markets next week.
According to reports, during a two-hour meeting with Senate Republicans, Trump stated that he is prepared to sign around 100 executive orders on his first day in office on January 20, 2024.
These executive orders may involve tariffs, border issues, and other sensitive areas, which could have significant impacts on the market.
The specific policies are not yet known, but we can outline some of the "attention-grabbing" key policies that Trump promised to implement on his first day in office during the election campaign.
Attention-grabbing! Key policies promised by Trump in the election
In terms of economic policy, according to CCTV News, Trump's first day promises mainly include:
New tariff policies: Plans to impose a 25% import tariff on Mexico and Canada, and establish a special "Foreign Income Bureau" responsible for tariff collection.
Energy policy: Last month, Trump's future press secretary, Karoline Leavitt, told Fox News that the new government will immediately begin speeding up drilling and fracking permit approvals nationwide after taking office to quickly reduce the cost of living. It is worth noting that according to the US Energy Information Agency, US energy production reached a record high in 2023, surpassing consumption.
Auto industry reshaping: Promises to promote a comprehensive "Made in America" auto industry, including using American energy, purchasing products from American suppliers, and employing American workers. Trump emphasized at a rally in September that this transformation will begin on his first day in office.
Regarding foreign policy, according to news reports, one of Trump's most attention-grabbing statements was his claim to end the conflict between Russia and Ukraine within 24 hours of taking office. He stated during the Philadelphia debate that he is confident in negotiating an end to the conflict through his good relationship with Zelensky and Putin. However, at a press conference in January, Trump admitted that it was not appropriate to meet with Putin before taking office to discuss Ukraine issues.
Other key promises in immigration, democracy, and justice from the election are as follows (based on reports from CCTV News and other media):
Immigration policy
Launch of a large-scale deportation plan
Promises to start the "largest deportation plan in US history"
Plans to use military assets and declare a national emergency
Trump says he does not consider costs
End birthright citizenship
Plans to change the policy of automatic citizenship for those born in the US as stipulated in the 14th Amendment
Confirmed this plan on the NBC News program "Meet the Press"
End Biden-era border policies
Promises to "end all open border policies of the Biden administration"
Plans to restart the "Title 42" rapid deportation mechanism
Democracy and justice
Regarding pardons for January 6 Capitol Hill incident defendants
Promises to consider pardons "within the first 9 minutes" after taking office
Over 1580 defendants have been charged, with 1270 convicted
Says will consider pardons for defendants of violent crimes
Social policies
1. Restricting transgender participation in women's sports
Promises to immediately restrict transgender women from participating in women's sports
Plans to cut off federal funds to schools promoting related theories
2. End gender-affirming healthcare
Promises to reverse the Biden administration's policy on "gender-affirming healthcare"
Plans to restrict related medical practices
This article is translated from "Wall Street SeeNews", by Gao Zhimou; GMTEight editor: Liu Xuan.