Financial Times Reports Nearly 100 Executive Orders Being Finalized
Immigration, Tariffs, Energy, and Cryptocurrency Are Key Focus Areas
First Executive Order Likely to Address Immigration Issues
President-elect Donald Trump of the United States is expected to announce up to 100 executive orders immediately after his inauguration to signal his return to the White House to the world. Declaring that he would "be a dictator on the first day of his term," Trump is anticipated to issue executive orders in various areas including immigration policy, tariff increases, energy based on expanded gas and oil production, and cryptocurrency. The measures contained in these executive orders are expected to serve as a gauge for the policy direction of the second Trump administration.
On the 20th (local time), the Financial Times reported that Trump and his senior advisors are finalizing about 100 executive orders to be signed on the first day of his inauguration. Since his candidacy, Trump has advocated "America First" and is rushing to implement policies to realize this. Trump and his team have repeatedly stated during the presidential campaign that they would overturn policies pursued by President Joe Biden.
Based on major foreign media and statements from Trump, the first executive order immediately after his inauguration is likely to address the issue of illegal immigrants. It is expected to include measures to close the southern border, where most immigrants enter, deport illegal immigrants, and restrict eligibility for asylum applications. Tom Homan, appointed as the border czar of the second Trump administration, recently mentioned in an interview with Fox News that operations to deport illegal immigrants from U.S. cities will begin.
The tariff measures of the second Trump administration are expected to take place early next week. The Financial Times reported that Trump hopes to bring various issues to the negotiating table, ranging from drug trafficking to even the sale of Greenland. Before his inauguration, Trump announced plans to impose a universal tariff of up to 20% on all imports and a high tariff of up to 60% on Chinese imports. He also stated that he would impose a 25% tariff on Mexico and Canada. To justify the imposition of tariffs, Trump is reportedly considering using the International Emergency Economic Powers Act (IEEPA) to quickly apply tariffs.
One of the sectors likely to be included in the executive orders is energy-related content. Since his candidacy, Trump has mentioned expanding the use of fossil fuels and abolishing regulations related to eco-friendly energy such as electric vehicle subsidies. The Financial Times stated, "Trump is expected to take early measures to support the U.S. oil and gas industry as part of his promise to open a new era of American 'energy dominance'." It is anticipated that the executive orders on the first day will end the Biden administration's policies on energy production. Specifically, there is a high possibility that the executive order related to oil drilling regulations announced by President Biden just before leaving office will be nullified. This executive order bans new oil and gas drilling operations in areas such as the Atlantic and Pacific Oceans.
The Biden administration's regulatory measures on automobile exhaust emissions, which Trump harshly criticized as the "crazy electric vehicle mandate," are also expected to be on the list of withdrawals on the first day of the presidential term. Major media outlets also predict that the protected areas in the Arctic of Alaska will be included again as drilling zones.
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