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Donald Trump has laid out an ambitious plan of action for his return to the White House, pledging sweeping changes on his first day in office. His agenda includes tackling immigration, reshaping trade policies, and addressing domestic and international challenges, all of which could influence global markets, including India’s financial and stock market dynamics.
1. Largest Deportation Program in History
Trump vows to declare a national emergency to deport millions of undocumented immigrants, describing it as the largest deportation program in U.S. history. His pledge includes creating large-scale detention centers to detain and remove illegal immigrants.
“The migrant invasion ends the day I take office,” Trump declared, emphasizing his intent to restore national security and order.
2. Sealing the U.S. Border
He plans to close the U.S. border to halt illegal crossings, which could disrupt global trade routes and impact financial ties with neighboring countries like Mexico and Canada.
“On Day 1, I will stop the invasion of illegal criminals,” Trump stated at a rally, reinforcing his strict border policies.
3. Ending Birthright Citizenship
Trump intends to sign an executive order ending automatic citizenship for children born to undocumented immigrants in the U.S. He argues this measure will prevent misuse of U.S. immigration laws.
4. Imposing Tariffs on Imports
In a bold move, Trump has promised to impose tariffs on imports, targeting Canada, Mexico, and China. A 25% tariff on North American products and a 10% tariff on Chinese goods aim to boost U.S. manufacturing but may strain trade relations. These actions could ripple through global markets, including India, as economic tensions escalate.
5. Defunding Schools with Controversial Curricula
Trump plans to cut federal funding for schools promoting what he deems inappropriate policies, including critical race theory and transgender issues. He has also vowed to end funding for schools enforcing vaccine or mask mandates.
6. Repealing Electric Vehicle Mandates
Targeting Biden-era environmental policies, Trump plans to cancel mandates related to electric vehicles. His focus on traditional energy sources could influence global energy markets and renewable energy investments, including in India.
7. Expanding U.S. Energy Production
Trump has emphasized his commitment to domestic oil drilling, promising to lower energy costs through increased production. This could shift global energy dynamics, affecting markets and oil import-dependent nations like India.
8. Pardoning January 6 Rioters
Trump intends to pardon individuals convicted for their involvement in the January 6 Capitol riots, portraying them as political prisoners.
9. Ending the Russia-Ukraine Conflict
In a significant international promise, Trump has vowed to broker peace in the Russia-Ukraine war even before taking office. This resolution could stabilize global markets and trade routes, benefiting economies worldwide, including India’s stock market.
10. Overhauling the ‘Deep State’
Trump plans to target federal workers he considers disloyal, aiming to dismantle the “deep state” and remove individuals obstructing his administration’s goals.
“We will demolish the deep state and drive out globalists, Marxists, and communists,” Trump declared.
Impact on India and Global Markets
Trump’s aggressive stance on trade and energy, along with his focus on domestic policies, could significantly influence India. Stricter U.S. trade policies might challenge India’s export sectors, while tariff-driven economic shifts could affect Indian companies with U.S. ties. Conversely, a resolution to the Russia-Ukraine war and stable global energy prices may positively impact India’s stock market and financial landscape.
Trump’s Day 1 promises reflect a mix of bold domestic actions and globally impactful decisions, setting the stage for a presidency with far-reaching consequences.
