What executive orders is Trump expected to sign on day one?
Published On Nov 12, 2024, 9:57 PM
Former President Donald Trump, now sworn in as the 47th US President, has proposed a series of bold executive actions promising to reshape policies on immigration, climate, economy, and social issues. He intends to declare a national emergency at the southern border, resume construction of the border wall, and reinstate strict immigration policies. On climate change, Trump plans to withdraw from the Paris Agreement again while promoting fossil fuel production. Furthermore, he aims to tackle inflation with an inter-agency approach and levy tariffs that could amplify costs on consumer goods. Within the crypto domain, he suggests a federal Bitcoin stockpile strategy. This aggressive policy agenda, mostly pivoting away from the previous administration's strategies, indicates a push towards nationalistic and conservative principles that may impact market sectors and investor sentiments.
Stock Forecasts
XLE
Positive
Given Trump's aggressive stance on tariffs and potential trade conflicts with China and other nations, particularly with his previous plans for 10% tariffs across imports, inflation may rise. This could adversely impact consumer discretionary stocks. Additionally, Trump's promise to promote fossil fuel production might positively influence stocks in the energy sector, particularly fossil fuel producers.
GBTC
Positive
With Trump's proposed directives focused on cryptocurrency, particularly the idea of a federal Bitcoin stockpile, it could lead to short-term bullish momentum in the cryptocurrency market, reflecting positively on cryptocurrency-related assets and stocks.
XLP
Negative
Given the potential market volatility due to the re-implementation of strict immigration laws and the implementation of policies that could provoke retaliatory trade measures, sectors reliant on low-cost labor and considerate of diversity initiatives may face challenges. This could negatively impact consumer goods that depend on these dynamics.
Related News
Trump prepares to unleash a wave of first-day orders on everything from oil drilling to TikTok
Jan 20, 2025, 8:16 AM
Donald Trump and his allies are promising historic activity in the hours after he is sworn in, with a wave of executive orders to be signed this afternoon and more likely to follow in the days afterward.
The Yahoo Finance guide to Trump 2.0
Jan 20, 2025, 6:00 AM
New President Donald Trump promises dramatic change during his first year in office. Our comprehensive guide will help investors prepare for what's coming.
What Trump is planning for day one — and what could matter most for investors
Jan 17, 2025, 9:24 AM
Donald Trump and his allies are promising a "blizzard" of activity on Jan. 20, with perhaps 100 executive actions to be signed within hours of Trump's swearing-in.