How Trump’s Day 1 Policies Will Affect Trade, Climate, EVs and TikTok – Casson Living – World News, Breaking News, International News

How Trump’s Day 1 Policies Will Affect Trade, Climate, EVs and TikTok – Casson Living – World News, Breaking News, International News

Amidst his second term, President Donald Trump has wasted no time in making his mark with a series of impactful executive orders. These orders range from imposing tariffs on Canada and Mexico to delaying the TikTok ban, with far-reaching effects on trade, climate, electric vehicles, and more.

The President’s decision to impose a 25 percent tariff on goods from Canada and Mexico has sparked concerns about potential price increases for imported goods. While initially planning tariffs on all foreign countries, including China, Trump seems to be holding off on that move until the TikTok sale is resolved. The looming tariffs could impact a wide range of products, from cars to winter coats.

In a surprising move, Trump declared an energy emergency, a first in U.S. history. He criticized the Biden administration’s restrictions on domestic oil drilling and signed orders to open up more drilling areas, emphasizing the importance of boosting energy production.

On the electric vehicle front, Trump has overturned Biden’s mandate for half of new cars to be electric by 2030. Instead, he is focusing on incentivizing automakers to increase overall production, not just in electric vehicles, to support the auto industry and American autoworkers.

In a controversial decision, Trump has also signed orders to withdraw from the Paris Agreement and the World Health Organization, indicating a shift in U.S. international relations.

The establishment of the Department of Government Efficiency (DOGE) led by Elon Musk has faced legal challenges, with advocacy groups alleging violations of federal laws.

Overall, Trump’s initial policies are set to have a significant impact on trade, climate, electric vehicles, and international relations. Stay tuned for more updates on the effects of these bold executive orders.

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