New year, new president and new roadmap. Donald Trump is expected to take office as the 47th president of the United States at the end of January 2025 and he has promised that he will start making decisions as soon as he sets foot in the Oval Office. Among the first economic measures he wants to take is the reduction of corporate tax from 21% currently to 15%, at the same time as he wants to impose the famous universal tariffs which range from 10% to 20%. %, or even 60% for Chinese products.
According to information collected by local media, the president-elect announced this week that “on the first day” of his mandate he would threaten Mexico with customs duties of 25% on all its imports if he did not stop “the arrival of criminals and drugs in Mexico. the country.” “, which represents a very clear violation of the T-MEC free trade agreement between the two nations.
This insatiable work against time is due to the fact that the Republican will have the majorities in Congress to carry out a long list of promises that will completely reverse everything that was done by the administration of his predecessor, Democrat Joe Biden. This is why the president-elect has already started developing several executive orders that he will sign on his first day of work in the Oval Office.
Precisely, Mexico has a lot to do with these new express decrees. Immigration, his flagship theme of this campaign, will continue to occupy a priority place in his first steps after his re-election. His plan is to “carry out the largest expulsion in the United States.” To carry out this action, the collaboration will be requested, in addition to federal agencies, the collaboration of the police of the different states. Specifically, Texas and Florida, which are territories with governments linked to Trump’s ideology.
The raids to find illegal immigrants will return to the United States, with the costs that this implies and the public accounts in disaster, with a galloping deficit and debt.
As of January, the U.S. debt exceeded $35.7 trillion, according to the Treasury Department. This represents 124% of the country’s total GDP and makes it the most indebted country in the world, along with China.
At the same time, according to the International Monetary Fund’s fiscal monitor, U.S. debt will close this year at 121% of GDP. Regarding the deficit, it closed the year 2023 at 7.1% of GDP and forecasts indicate that this year it will reach 7.6%.
The modification of Amendment 14 of the Constitution, which recognizes the right to nationality by birth, will cost a little more to carry out, because it requires collecting two thirds of the votes, both in the House of Representatives and in the House of Representatives. Senate.
On the other hand, even if he has not yet defined what his policy will be with regard to the war conflicts currently open, he made progress during the campaign in an interview with Fox News that he would be able to end the war “in a day”, without giving further details on how he would achieve this.
The one who gave details, through a podcastwas his right-hand man during the campaign and perhaps his vice president, JD Vance. The politician assured that Trump would start by ceding Ukrainian territories to Putin occupied and would create a demilitarized zone on the border between the two nations. Ultimately, this would force Ukraine to abandon its plans to join NATO.
The good relations between Donald Trump and Russian President Vladimir Putin are no longer a secret. The two leaders met several times during the Republican’s previous term and congratulated each other following those meetings. Putin himself assured last Thursday that he would be “willing to resume contact” with Donald Trump.
The Russian president described him as “a courageous person.” The Russian leader reiterated that “the intentions to restore relations with Russia and help end the Ukrainian crisis require attention at a minimum,” he said, before congratulating him on his re-election.
As for NATO, it is still unclear what direction it will take within the alliance. At the time, he had already pressured allies to increase defense spending to 2% of GDP, and they succeeded. During the campaign, he promised that if he returned to the White House, he would again push for that rate to be raised to 3 percent.
