Donald Trump's executive orders are expected to focus on three key areas: tariffs, regulation, and immigration. In terms of tariffs, Trump has pledged a sweeping tariff strategy, with plans for universal tariffs between 10% to 20%, and duty rates on Chinese products rising as much as 60%. This could lead to higher costs for US companies that import goods from these countries, potentially affecting the S&P 500 earnings. Morgan Stanley estimates that executive orders will focus on "fast announcements and slow implementation," with incremental tariffs hikes kicking off on China first. In terms of regulation, Trump is expected to roll back tighter regulations in areas such as energy and finance. This could benefit US energy producers, who stand to gain from increased drilling and gas exports. Bank stocks have already soared following Trump's election, and the new administration may loosen oversight in this area. Additionally, Trump plans to authorize crypto as a policy priority through executive action, which could sweep aside regulatory overhangs and push federal agencies to work with the industry. In terms of immigration, Trump's executive orders are expected to target tightening Southern border policy, although this is less feasible in the near term and would require an act of Congress. This could eventually have consequences for markets, particularly if industries such as agriculture or construction are disrupted.
https://markets.businessinsider.com/news/stocks/trump-policy-day-one-executive-order-energy-tariffs-crypto-trade-2025-1