Donald Trump vowed to waste no time reshaping American politics after being officially sworn in as the 47th President of the United States
Minutes after his ceremony, Trump promised during a speech at the Capitol to adopt a series of executive orders targeting energy, immigration, inflation, social policies and trade.
Although his long-promised tariffs are expected to remain on hold for now, Trump is expected to sign between 10 and 100 executive orders in his first 24 hours, marking a dramatic start to his second term.
Energy emergency, decline in oil prices
Trump is moving quickly to boost fossil fuel production in the United States, The New York Times reported that he would declare a national energy emergency, although the president Joe Biden presided over a record boom in domestic oil production.
Analysts expect only a marginal increase in oil production under Trump, despite his “drill baby drill” stance.
Trump is expected to significantly roll back environmental regulations and focus on Alaska’s vast oil and gas reserves, a resource the administration sees as key to reducing energy costs.
The executive order will focus on Alaska’s vast natural resources and is expected to eliminate restrictions on domestic drilling, with the administration arguing that increased production will help lower the cost of gasoline and utilities .
The same decree will end the requirement for electric vehicles and lift regulations on consumer appliances such as dishwashers and stoves.
The market reaction was immediate. Crude oil futures, followed by United States Oil Fund (NYSE:USO), fell 1.6% as of 10:30 a.m. ET as traders digested the implications of higher U.S. production.
Inflationary strategy at all levels
The Trump administration will also launch a government-wide initiative to combat inflation, although specific details remain scarce.
A White House official told Reuters the effort would involve “decisive actions” to reduce costs for U.S. consumers, potentially linked to energy production and supply chain deregulation.
Fight against immigration, emergency at the border, diversity programs are canceled
Trump is also taking a more aggressive stance on immigration and other social policies.
During his speech, Trump declared illegal immigration a national emergency, paving the way for a series of executive orders. An incoming administration official told the agency that the president would block all asylum applications at the U.S.-Mexico border, deploy additional troops and speed up construction of the border wall.
The official, who spoke on condition of anonymity, also confirmed that Trump will designate drug cartels as foreign terrorist organizations. It’s a move that could fuel tensions with Mexico, given that it would be
The most legally controversial order will likely be Trump’s attempt to end birthright citizenship.
Reuters also reported that the federal administration will advance an executive action to deny U.S. citizenship to children born in the United States to undocumented parents. The action is expected to face immediate constitutional challenges, as the 14th Amendment explicitly guarantees citizenship based on the rights of soil.
-“The federal government will not automatically recognize statutory citizenship for children of illegal citizens born in the United States. We will also improve the control and screening of illegal immigrants,” the official told Reuters.
The president will also sign an executive order ending all federal diversity, equity and inclusion programs, rolling back initiatives that developed during the Biden administration.
The measure extends to hiring practices, government contracts and workplace training, marking a significant rollback on affirmative action efforts within federal agencies.
Trump is also expected to sign a proclamation stating that, under federal law, there are only two biological sexes: male and female.
Maintaining customs tariffs, for the moment
Despite fiery campaign rhetoric on trade, Trump will not impose new tariffs on the first day of his presidency, which is a temporary relief for markets that were bracing for broad levies.
Instead, he is expected to sign a memorandum directing federal agencies to review U.S. trade policies, particularly as they relate to China, Mexico and Canada, according to an exclusive Wall Street Journal report.
The agency confirmed that Trump’s team had prepared a broad directive on trade policy, but chose to delay immediate tariff action.
The odds of Trump announcing tariffs before Thursday have fallen to as low as 16%, according to CFTC-regulated forecasting platform Kalshi, the lowest level recorded since betting began in December.
Presidential executive order on crypto on day one? Most likely
With tariffs set aside, speculation is rife as to whether Trump will regulate cryptocurrencies today.
Kalshi Markets now puts the chance of a presidential executive order on cryptocurrency being issued within the first 24 hours at 56%.
With Bitcoin (CRYPTO:BTC) trading above $105,000, investors are closely watching whether Trump will move forward with a strategic reserve of Bitcoin, a concept he put forward during his election campaign.
The move would signal a pro-crypto shift in US policy, potentially impacting regulatory frameworks for digital assets.
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Editor’s note: This story has been updated with additional information.
