On January 20, Eastern Time, Trump officially took office as the new president of the United States.From economic reform to border security, from energy independence to foreign affairs and defense, the new Trump administration's internal and external policy adjustments will undoubtedly have a profound impact on the United States and the world.

HawkInsight brings you an article on Trump's new policy on his first day in office.

In terms of economic policy, Trump's new tariff policy is particularly eye-catching.According to reports, Trump plans to create a new government agency called the External Revenue Service to collect tariffs, taxes and all foreign income.Previously, Trump had said that he would impose a 25% tariff on imports from Canada and Mexico after taking office, and also asked the EU to narrow its trade surplus by purchasing U.S. crude oil and natural gas on a large scale, otherwise it would impose additional tariffs on it.

Canadian Prime Minister Justin Trudeau has said Canada will take countermeasures and prepare to impose additional tariffs on approximately $105 billion worth of U.S. products.This protectionist policy may trigger trade retaliation, which in turn has a backlash effect on the U.S. economy.

Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics in the United States, believes that the imposition of additional tariffs may cause the U.S. inflation rate to rise sharply by 2 to 3 percentage points.

On energy policy, Trump plans to overturn the Biden administration's new energy policy, strengthen oil and gas drilling, and eliminate policy support for electric vehicles and charging stations.In addition, Trump also plans to withdraw the United States from the Paris Agreement and increase offshore drilling activities.These policy adjustments may have a negative impact on global climate governance and energy transformation, and may also trigger opposition from domestic environmental forces.

It is understood that Biden has asked automakers to reduce greenhouse gas emissions from new light and mid-sized vehicles by half starting from 2027. This regulation forces automakers to make electric vehicles account for 30% of the production of light vehicles by 2032. To 56%, this measure is expected to be cancelled by Trump.Trump also plans to cancel the Biden administration's $7,500 electric vehicle tax credit and revoke rules on vehicle pollution and fuel economy standards, saying they unfairly restrict consumers 'choices.

In terms of foreign policy, Trump's claims are equally controversial.On the issue of the Russia-Ukraine conflict, Trump has expressed his hope to quickly promote conflict resolution after taking office and expressed his understanding of Russia's position.In addition, Trump also plans to adopt a policy of "extreme pressure" on Iran and re-examine diplomatic relations with Russia and Ukraine.On the NATO issue, Trump asked member states to spend 5% of GDP on military spending, which is much higher than the current 2%, raising concerns among European allies.In addition, Trump has also proposed highly controversial territorial expansion plans such as "acquiring Greenland" and "seizing the Panama Canal."

In terms of immigration policy, Trump plans to maximize the use of the military to promote a plan to deport illegal immigrants on a large scale.He also plans to sign an executive order that restricts people born in the United States from automatically obtaining citizenship.However, Trump's attitude on the H-1B visa issue has recently changed, shifting from his previous opposition to support skilled immigrants.This shift may be related to the U.S. technology industry's reliance on highly skilled foreign talent.

In addition, Trump plans to pardon defendants in the 2021 "Capitol Hill riots" and sign executive orders to expel transgender people from the military and schools.

On government governance, Trump plans to create a "Department of Government Efficiency," co-led by Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy, aiming to cut government bureaucracy and regulatory regulations.In the field of science and technology, Trump plans to promote the development of artificial intelligence and support the construction of large data centers in the United States.

In the social media field, Trump's attitude towards TikTok has attracted much attention.Although TikTok faces a ban threat from the U.S. government, Trump has expressed support for the company to continue operating.According to CCTV News, TikTok CEO Shou Zi Chew attended Trump's inauguration ceremony and sat next to Trump's director of national intelligence.In addition, Trump also plans to delay the effective date of the TikTok ban.