Trump’s Executive Order Blitz Spurs Banks to Establish ‘War Rooms’ for Economic Analysis
New President Enacts Sweeping Orders: Border Emergency Declared, Pardons January 6 Convicts, Exits WHO and Paris Accord
Donald Trump wasted no time making waves as the 47th president of the United States, signing a barrage of executive orders just hours after his inauguration. Global banks scrambled to set up overnight “war rooms” to assess the economic implications, according to the World Economic Forum in Davos, Switzerland.
BREAKING.🚨
— Kyle Becker (@kylenabecker) January 20, 2025
Donald J. Trump's first presidential act is to *RESCIND* 78 Biden executive orders, actions, and memoranda.
Trump wipes the slate clean of the disastrous Biden presidency. pic.twitter.com/n3XhM4Wx8W
After being sworn in at the Capitol rotunda, Trump gave a fierce inaugural address lashing out against Joe Biden’s administration and promising to usher in a “new golden age for America.” He immediately started executing his campaign promises by signing a series of executive actions.
On immigration, Trump declared a national emergency at the southern border, ended birthright citizenship, designated Central American cartels as terrorist organizations, reinstated the “Remain in Mexico” policy, and terminated “catch and release” practices.
Other actions were to pardon 1,500 people convicted of participating in the January 6 riots at the Capitol, to pull the United States out of the World Health Organization and the Paris climate agreement, and to confirm that the federal government recognizes only two genders.
Further orders included the renaming of Alaska’s Mount Denali, repealing 78 regulations implemented by the Biden administration, freezing federal hiring, and putting the ban on TikTok on ice for 75 days.
The whirlwind of changes underscores Trump’s intent to reshape domestic and foreign policies in dramatic fashion, leaving both allies and critics closely watching his next moves.
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