Donald Trump’s key policy initiatives for his upcoming administration.

As of January 6, 2025, President-elect Donald Trump has outlined several key policy initiatives for his upcoming administration. These initiatives focus on tax reform, border security, energy production, and economic growth.

1. Comprehensive Legislative Package: President-elect Trump has called on Congress to consolidate his major priorities into a single, extensive bill. This proposed legislation aims to:

  • Tax Cuts: Extend the 2017 tax cuts to stimulate economic growth.
  • Border Security: Enhance measures to secure the U.S. border.
  • Energy Production: Boost domestic energy production to achieve energy independence.

Trump suggests funding these initiatives by increasing tariffs on imported goods. However, this approach has raised concerns among some Republicans, particularly those from high-tax states, about potential economic impacts.

2. Economic Impact and Inflation: Former Federal Reserve Chairman Ben Bernanke has stated that the incoming administration’s policies are expected to have only a modest effect on inflation. He noted that while extending tax cuts and altering immigration policies may not significantly impact overall inflation rates, specific industries like construction and agriculture might experience disruptions due to immigration crackdowns and import tariffs.

3. Financial Sector Outlook: The financial markets in 2025 are anticipated to be significantly influenced by President-elect Trump’s geopolitical actions. While some measures, such as imposing tariffs and deporting undocumented migrants, could lead to higher inflation and potentially slow interest rate reductions, it is expected that Trump will threaten significant changes without fully enacting them, thus maintaining market stability. Bankers anticipate a surge in deal-making, especially in private equity and bank mergers, with potential mega-deals if Trump relaxes anti-trust policies.

4. Policy Priorities: The incoming administration is expected to focus on:

  • Limited Government: Emphasizing states’ rights and reducing federal oversight.
  • Tax Reform: Implementing tax cuts to stimulate economic growth.
  • Immigration Policy: Enforcing stricter immigration laws.
  • Foreign Policy: Reevaluating international agreements and alliances.

These actions are anticipated to be set forth by executive order in the initial days and weeks of the new administration.

5. Legislative Strategy: President-elect Trump has endorsed a significant single bill that addresses border security, American energy, and tax cuts. He urged Congress to unite and deliver this legislation quickly. The plan faces skepticism and pushback within the Republican party, with some members preferring a two-bill approach. Johnson and Trump advocate for one comprehensive package, but concerns about tariffs and national security implications remain critical issues.

These policy directions reflect the incoming administration’s priorities and the legislative strategies they plan to employ. The actual implementation and impact of these policies will depend on various factors, including Congressional support and economic conditions.

  • Muthomi Ireri

    Manager, Planet GIM

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