President Donald Trump is set to prioritize his economic agenda during his first 100 days in office, with a focus on tariffs, tax cuts, and energy policy. A “one big, beautiful bill” – encompassing border security, taxes, and energy measures – is expected to be enacted through executive orders and legislation.
The proposed bill includes measures such as mass deportations of undocumented immigrants, rolling back humanitarian programs, and extending tax cuts included in the 2017 Tax Cuts and Jobs Act. Energy policy initiatives aim to increase oil production, eliminate electric vehicle tax credits, and institute tariffs on EV supply chain-related imports.
Tariffs will be a cornerstone of Trump’s economic agenda, with proposals ranging from 10% to 25% tariffs on foreign imports, including Canada and Mexico. Experts warn that tariffs may lead to increased prices in the US.
The debt ceiling is also expected to be addressed, with some lawmakers supporting an increase to the limit. Trump has promised a slew of “day one” executive orders, which include measures such as expediting permits for drilling and fracking and ending climate policy plans.
While details remain unclear, Trump’s economic agenda will likely require cooperation between Republicans in Congress and the president himself. The fate of these initiatives remains uncertain, but they are expected to shape the course of his presidency.
Source: https://www.nerdwallet.com/article/finance/trump-first-hundred-days