AI bets, tariff threats, and DEI crackdown: All the ways Trump is sending shockwaves through corporate America
Jan 26, 2025 - businessinsider.com
In his second term, President Donald Trump has swiftly enacted a series of executive orders and policy changes, focusing on trade, immigration, artificial intelligence, and federal workforce management. He has threatened tariffs on goods from Mexico, Canada, and China, while also taking steps to curtail birthright citizenship and increase deportations, which has caused concern in industries reliant on non-citizen workers. Trump has repealed President Biden's AI executive order and mandated federal workers return to offices full-time, aligning with conservative goals to reduce the federal workforce. Additionally, he has aggressively targeted diversity, equity, and inclusion initiatives, revoking a key Civil Rights-era executive order and demanding the closure of government-run diversity offices.
Trump has also made significant moves in the energy and cryptocurrency sectors. He declared a national energy emergency to boost fossil fuel production, rescinded Biden's electric vehicle targets, and halted wind energy project permits. In the cryptocurrency space, Trump and Melania launched meme-coins, and he established a cryptocurrency task force at the SEC, signaling a bullish stance on crypto. These actions reflect Trump's commitment to a conservative agenda, with a compliant GOP-led Congress expected to support his policy goals.
Key takeaways:
Donald Trump signed numerous executive orders in his first days back in office, focusing on conservative policy goals such as tax cuts and increased fossil fuel production.
Trump's trade policy remains uncertain, with potential tariffs on goods from Mexico, Canada, and China, and threats to companies not manufacturing in the US.
Trump has taken significant steps to roll back diversity, equity, and inclusion initiatives, including revoking a 1965 executive order on affirmative action.
Trump has made moves to support the cryptocurrency industry, establishing it as a policy priority and launching meme-coins with Melania Trump.
