Watch these Trump 2.0 policies

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47th President of the United States
The president was Donald J. Trump He was sworn in at the White House On Monday, he began signing a series of executive orders. And issued “Full pardon“For persons charged in connection with the attack on the U.S. Capitol on January 6, 2021, suspend, for at least 75 days, enforcement of a law prohibiting TikTok in the United States; He created the Elon Musk-led Department of Government Efficiency, or DOGE.

Declaring a national energy emergency
Trump on Monday Declaring a national energy emergency — part of a sweeping agenda aimed at increasing fossil fuel production — and ordered the United States to withdraw from the Paris climate agreement. He also scrapped various climate goals of the Biden administration, such as achieving net-zero emissions by 2050.

Trump targets tariffs
Trump told reporters on Monday that he was considering imposing this Imposing a 25% duty on Mexico and CanadaThe target is February 1 to enter into force. A. also issued Give a note Directing federal agencies to – Reviewing trade policies with other countriesEspecially China, Canada and Mexico – but the memorandum stopped short of imposing new duties.

Pardon Biden
Former US President Joe Biden on Monday He issued a preemptive pardon to several family members, citing fears of being targeted by “baseless and politically motivated investigations.” Biden also pardoned Anthony Fauci and General Mark Milley, members of Congress who investigated the case January 6 Capitol riot And others who said they were under The threat of targeting is “baseless.” For political purposes.

Asian markets rise after opening
US markets were closed on Monday for Martin Luther King Jr. Day. Mostly stock futures It dropped on Tuesday After Trump indicated that he was considering imposing tariffs on Mexico and Canada. Asia Pacific markets Advanced Tuesday. Hong Kong Hang Seng Index added nearly 1%, while Korea Cospi index It fell by about 0.1% as the country's December wholesale inflation rate rose 1.7% year-on-year.

(PRO) The second time is an echo of the first?
It may be Trump's second term The same effects on certain asset classes As happened in the first round, according to some on Wall Street. To find out, CNBC Pro looked at the performance of several assets during the first 100 days of Trump's last presidency and asked analysts how well those assets performed.

Donald Trump has been on the job ever since He officially became the 47th President of the United Statesand signed several executive orders immediately after his inauguration. Here are the two main issues that investors will be watching.

Definitions

“To me, the most beautiful word in the dictionary is ‘tariffs,’” Trump told the Economic Club of Chicago in October. Trump said Monday he was considering imposing it. 25% customs duties on goods coming from Canada and Mexico By February 1st. During the election campaign, Trump pledged to impose a tax Global tariff up to 20% On all imports into the United States and over 60% discount on Chinese products.

Tariffs are imposed by governments ostensibly to protect domestic industries. Companies that import goods pay what is Basically a taxleading to higher costs. This prompts them to look for local suppliers instead.

As supply chains become more integrated globally, and much of their manufacturing takes place outside the United States, companies may find it difficult to shift production to local shores. Hence, higher costs are likely to be passed on to the consumer In the form of higher prices.

In other words, tariffs could lead to more inflation.

Deportations

At a pre-inauguration event titled “Make America Great Again Victory March,” Trump pledge To his supporters, “the invasion of our country will stop.” Like tariffs, stricter immigration policies — or outright deportations — are usually enacted to protect the domestic economy (among other reasons).

The theory is that with fewer people competing for each open job, it will be easier to get work.

But many sectors of the American economy, such as construction and agriculture, suffer from this phenomenon It is staffed by illegal immigrantswho take on jobs that are undesirable for residents. Even documented immigrants play a crucial role in highly skilled sectors like technology — as proven by Elon Musk's tussle with Trump supporters over… H-1B visas.

If reliable labor sources disappear overnight, companies will be forced to raise wages to attract talent, which could raise the possibility of a frightening spiral between wages and prices.

Other policies

Trump has promised several other economic measures, such as cutting corporate taxes, legalizing cryptocurrencies, and withdrawing green energy subsidies.

However, tariffs may have the greatest impact on the economy Financial institutions Worldwide.

— CNBC's Sam Meredith, Ryan Ermey, Annie Nova, Rebecca Picciuto, Evelyn Cheng and Lim Hui Jie contributed to this report.