A Rundown of Trump’s Executive Actions, From Tariffs to Immigration
A Rundown of Trump’s Executive Actions, From Tariffs to Immigration · Bloomberg

(Bloomberg) -- President Donald Trump wasted no time announcing steps to implement many of his campaign pledges, including on immigration, energy, the military and federal workforce, casting many as reversing the policies of his predecessor, Joe Biden.

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“We will immediately restore the integrity, competency and loyalty of America’s government,” Trump said in his inaugural address Monday. “With these actions, we will begin the complete restoration of America, and the revolution of common sense.”

Those actions included ordering the attorney general not to take action against TikTok for 75 days; pardoning nearly all people with criminal charges related to storming the Capitol on Jan. 6, 2021; rescinding 78 Biden-era orders — including those related to diversity, immigration and climate — and withdrawing the US again from the Paris Agreement. It’s expected that many of the orders Trump signed Monday will be challenged in court.

Most notable, however, was the absence of any explicit order on tariffs, especially China. But Trump did say Monday evening that he may impose duties on Mexico and Canada by Feb. 1 and was still considering universal tariffs on all imports, though not immediately.

While Trump is still signing more orders on Monday night in Washington, here’s a brief rundown of what we know so far his administration plans to initiate, taken from his speech, public information about the orders, briefings by incoming officials and public statements.

TRADE & ECONOMY

TikTok

Trump temporarily halted a ban on TikTok in the US, granting the company and its Chinese parent ByteDance Ltd. more time to reach a deal for the popular app that would resolve long-standing US national security concerns.

The move gives the video-sharing platform a 75-day reprieve.

Tariffs

Trump will call for federal agencies to study tariff policies and the US trade relationship with China, Canada and Mexico, according to incoming officials.

“I will immediately begin the overhaul of our trade system to protect American workers and families,” he said.

Trump also said he plans to enact tariffs of as much as 25% on Mexico and Canada by Feb. 1.

‘External Revenue Service’

Trump said he will establish an External Revenue Service to collect tariffs, adding “it will be massive amounts of money pouring into our Treasury coming from foreign sources.”