Donald Trump has announced several decisions in the first few days of his presidency, that can have a very big impact on the financial world, international relations, and domestic policies. Here, all the important updates are explained in very simple words.
Executive Orders and Policy Changes
1. Immigration Enforcement:
President Trump has declared a national emergency on the U.S.-Mexico border and has made plans to send troops for security there.He has also lifted restrictions on immigration raids at places like schools, hospitals, and churches. Now law enforcement agencies will be able to raid these places more easily.
2. Revoking Birthright Citizenship:
One of the most controversial decisions is the executive order to revoke birthright citizenship. This means that if the parents of a child are not U.S. citizens, then that child will not automatically become a U.S. citizen, this decision may face legal challenges and there can be a lot of debate on this in the coming months.
3. End of DEI Programs:
President Trump has ordered Diversity, Equity, and Inclusion (DEI) staff to be sent on leave from federal institutions. This means that the diversity programs of the government will now either be paused or completely ended.
4. Exit From Global Agreements:
Trump has begun withdrawing the U.S. from the Paris Climate Agreement and (WHO) World Health Organization. Trump’s decision to withdraw the United States from the Paris Climate Agreement and (WHO) World Health Organization could have a major impact on environmental and global health initiatives.
High-Profile Pardons
Trump has pardoned more than 1,500 people which includes Ross Ulbricht, the founder of Silk Road, an online marketplace that was shut down for illegal activities. He has also pardoned those involved in the January 6 Capitol riots.
Investment in AI technology
Trump announced a massive investment in artificial intelligence (AI). Trump has decided to fund the “Stargate AI” project with $500 billion. The first $100 billion will be used to build an AI data center in Texas. It will create more than 100,000 jobs. It is a huge boost for technology and the economy.
This initiative will strengthen America’s position in the AI race by bringing together big tech companies like OpenAI, Oracle, SoftBank, and many more. So for the financial world, this is a huge opportunity that could impact industries like finance and healthcare.
Financial and global impact
These changes are having a huge impact on financial markets and beyond. For example:
• Immigration policies: Businesses that rely on immigrant workers may face labor shortages due to strict enforcement.
• Cuts to DEI programs: President Trump has ordered Diversity, Equity, and Inclusion (DEI) staff from federal institutions to be sent on leave. This means that the government’s diversity programs may end completely.
• AI Investments: The Stargate AI project will open up new opportunities in the tech sector and the US could become a leader in AI development.
What to watch
While some of Trump’s actions will take effect immediately, others will face court challenges and delays. For example, his decision to repeal birthright citizenship could lead to a lengthy legal battle. Withdrawing from global agreements will take time as it will require approval from Congress.
Supporters think that these decisions put America’s interests first, while critics worry that these steps could harm global cooperation and unity within the country. Thus Trump’s bold moves have generated mixed reactions among people.
Final thoughts
One thing is clear that Trump’s presidency is having a significant impact. Whether you agree with Trump’s policies or not, it is now very important for those involved in the financial sector to keep an eye on these changes and understand how these changes may affect the economy. Stay tuned for new updates as these developments unfold.
