President Donald J. Trump was sworn into office on January 20, 2025, for the second time. With a Republican-controlled Congress, President Trump has momentum to push through key aspects of his policy agenda, though narrow majorities in Congress may make it harder for him to make sweeping bold reforms. Either way, change is coming, and companies should be prepared.
What’s coming first? On his first day in office, President Trump signed executive orders (EOs) aimed at immigration and energy, as well as a freeze on new federal regulations. He did not immediately announce new tariffs but said he expects to impose 25% tariffs on Canada and Mexico as early as Feb. 1. He also held off on announcing tariffs on Chinese goods but has said he plans to call for a review of trade policies with China. Tax policy is also high on the list.
Executives will want to sort through these first moves to get a sense of what is coming next. Learn more about how the new administration is impacting business and how you can prepare.
“We can expect a lot of change with the new administration, and that means both risk and opportunity. The best thing to do is to prepare, prepare, prepare. Be proactive and agile and think about who across your company you might need to work with to take advantage of what’s coming.”
Kathryn Kaminsky, Chief Commercial Officer, PwCPutting policy in context to power your business.
What’s top of mind for the C-suite with the new administration?
