Trump’s Return: National Energy Emergency, Tariffs, Deportations, Cryptos, and More
Key Highlights of the Day: Trump’s Leadership, Cryptocurrencies and Market Updates
As President Donald Trump prepares for the 60th presidential inauguration, several notable events and changes are emerging in the political and financial spheres. These include Trump’s decision to declare a national energy emergency, the release of meme coins by the Trump family, and the strengthening of the euro and sterling against the dollar.
Trump’s Decision to Declare National Energy Emergency
President Trump has announced his decision to declare a national energy emergency. The move forms part of a broader agenda aimed at boosting fossil fuel production, ending the “Green New Deal,” and pulling the U.S. out of international commitments to fight climate change.
Global Outlook on Trump’s Return to White House
While Trump’s return has sparked apprehension due to his unpredictable foreign policies and threat of tariffs, many countries remain optimistic about Trump 2.0, according to the European Council on Foreign Relations.
Introduction of Meme Coins by Trump’s Family
The first lady, Melania Trump, has launched her own meme coin, named “Melania.” Following suit, President Trump also introduced a meme coin named “Official Trump.” The family’s digital assets have seen their net worth increase by billions.
Strength of the Euro and Sterling Against the Dollar
With U.S. markets closed for Martin Luther King Jr. Day, the euro and the British pound strengthened against the U.S. dollar. This comes in response to reports that Trump would not impose tariffs on U.S. trading partners in his initial day in office.
Trump’s Second Term: An Echo of the First?
Analysts speculate that Trump’s second term might have similar effects on certain asset classes as during his first term. CNBC Pro analyzes the performance of various assets during the first 100 days of Trump’s previous presidency to predict future trends.
Trump Officially Becomes the 47th U.S. President
Trump officially begins his term as the 47th U.S. president, with plans to sign over 50 executive orders immediately following his inauguration. Investors will closely monitor the implications of his proposed tariffs and immigration policies on the economy.
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