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January 20 is here, which means that Trump is officially the 47th President of the United States (well, almost: his inauguration will take place in a few hours).
The big question is how the world will change under his leadership.
In recent days, the cryptocurrency market has already given us a preview, with increased speculation in TRUMPUSDT, and eventually, a reality check that has led to significant losses for some. Meanwhile, Solana prices have hit a record high of $292.
The overall impact on the stock market and the economy in the U.S. and globally will depend largely on the policies that Trump and his party will pursue. According to the media, we can expect a lot of action.
Some predict as many as 100 executive orders on his first day in office. These could include measures to tighten immigration laws, possible pardons related to the Capitol riots, and other major decisions.
The latter include lifting the ban on drilling for oil and gas on Alaska’s public lands and restricting the export of liquefied natural gas, which could impact global markets, not necessarily positively.
New orders could also focus on lowering the cost of living, suspending offshore wind farm leases, and eliminating incentives for electric vehicle producers and buyers (not the best news for Tesla, whose stock currently sits at $426.50).
And, of course, trade wars. During his campaign, Trump promised to impose tariffs of 10% on all goods imported into the US, up to 60% on Chinese goods, and 25% on those from Mexico and Canada.
In summary, analysts will have much to read these days. However, the entire market reaction will not come until tomorrow, as today is a holiday in the U.S. for Martin Luther King Jr. Day.
It is also worth being prepared that many of the most anticipated measures may already be discounted in the market, so the principle of “buy the rumor, sell the news” may apply.
