Five things Trump did immediately after becoming 45th US President
As Donald Trump was sworn in as the 45th president of the United States on Friday, he immediately started signing deals after taking over from his predecessor, Barack Obama.
Trump pledged to end what he called an ‘American carnage’ of rusted factories and crime in his inaugural address.
He said that American workers have been devastated by the outsourcing of jobs abroad and he would put an end to ‘social and economic woes’ in the country.
Here are five things that the new president did as soon as he entered the White House.
1. Quits Asia trade pact:
The new U.S. administration of President Donald Trump released a statement from the White House on Friday after the inauguration that said its trade strategy ‘to protect American jobs’ would start with withdrawal from the 12-nation Trans-Pacific Partnership (TPP) trade pact.
A report by Reuters quoted the statement that said "crack down on those nations that violate trade agreements and harm American workers in the process."
In place of the TPP, the statement said that Trump was committed to renegotiating another trade deal, the North American Free Trade Agreement (NAFTA), which was signed in 1994 by the United States, Canada and Mexico.
2. Committed to eliminate climate action plan:
In another notice from the Trump administration it updated the White House website to say Trump is committed to eliminating the Obama administration`s Climate Action Plan and other environmental initiatives, a report by Reuters said.
"For too long, we’ve been held back by burdensome regulations on our energy industry," the website said in a page titled "An America First Energy Plan", IANS report said.
The update claimed that lifting these restrictions will "greatly help American workers, increasing wages by more than $30 billion over the next seven years."
3. Repeals Obamacare:
President Donald Trump signed an executive order late Friday that gave federal agencies broad powers to undo regulations created under the Affordable Care Act which was formulated under his predecessor, Barack Obama.
The executive order also included the enforcement of penalty for people who fail to carry the health insurance that the law requires of most Americans.
The order that was signed in the Oval Office by Trump directed agencies to grant relief to every one of the constituencies affected by the sprawling 2010 health-care law: insurers, hospitals, doctors, pharmaceutical companies and states.
4. Trump confirms first cabinet nominations:
The U.S. Senate confirmed the first two members of President Donald Trump`s cabinet on Friday as soon as he was signed in as commander and chief, a report by Reuters said.
The cabinet nominations were of two retired four-star Marine generals, James Mattis and John Kelly as his secretaries of defence and homeland security.
“The Senate also voted 89-8 to clear the way for a vote on Monday on another member of Trump`s national security team, Republican U.S. Representative Mike Pompeo, his nominee to be director of the Central Intelligence Agency,” the Reuters’ report said.
5. Trump to develop missile defence system against Iran, North Korea:
In another update from the Trump administration the White House said it intended to develop a "state of the art" missile defence system to protect against attacks from Iran and North Korea, a report by Reuters said.
The statement, posted on the White House website within minutes of Donald Trump`s inauguration, did not provide details on whether the system would differ from those already under development, its cost or how it would be paid for.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
11:02 AM IST