Trump promised these important economic actions ‘on day one’

Future President Donald Trump promised that on the first day of his term he would issue the most important regulations that could affect household finances and the economy.

In interviews, speeches and social media posts, President-elect Donald Trump has repeatedly promised to take numerous actions on the first day of his presidency. While some major policy changes, such as tax cuts, couldn’t be implemented without congressional approval, Trump could use the president’s power to issue orders to the government’s executive branch.

Here are some of the economically significant policies Trump says will be in place by the end of Monday, Inauguration Day.

Deport immigrants

Trump promised to launch a program of mass deportations of immigrants. It was suggested that Trump could sign several executive orders on immigration on day one and mentioned that it was on his agenda at campaign rallies.

A sweeping deportation program could have a profound impact on the economy. For example, home building companies rely on immigrant labor, and builders argue that removing them from the country would disrupt this key industry and raise housing prices.

Tariffs on China, Mexico and Canada

Tariffs are a central and controversial part of Trump’s economic platform, and he has promised to impose some of the most important ones on day one.

“On January 20, as one of my many first executive orders, I will sign all necessary documents to impose a 25% tariff on Mexico and Canada on ALL products entering the United States and its absurd open borders,” Trump wrote on Truth Social, his social media platforms, in November.

He also said he would impose an additional 10% tariff on Chinese products if they do not address the problem of fentanyl smuggling.

Mainstream economists say tariffs will raise consumer costs and fuel inflation. Many forecasters, including Federal Reserve officials, assumed tariffs would happen boost inflation to some extent in 2025, depending on the number of countries and products targeted.

Heading towards a strategic Bitcoin reserve?

According to press reports, Trump plans to sign an executive order establishing a cryptocurrency advisory board. This could be the first step in that direction creation of strategic Bitcoin stockswhich he promised to do last year when he spoke at the Bitcoin conference.