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Dollar dives on potential delay to tariffs

Financial Express Kochi

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January 21, 2025

DONALD TRUMP WAS sworn in as US president on Monday, ushering in another turbulent four-year term with promises to push the limits of executive power, deport millions of immigrants, secure retribution against his political enemies and transform the role of the US on the world stage.

- REUTERS

The president will declare a national emergency at the southern border, send armed troops there and resume a policy forcing asylum seekers to wait in Mexico for their US court dates, an incoming White House official said.

The inauguration completes a triumphant comeback for a political disruptor who survived two impeachment trials, a felony conviction, two assassination attempts and an indictment for attempting to overturn his 2020 election loss.

Trump, the first US president since the 19th century to win a second term after losing the White House, has said he will pardon "on Day One" over 1,500 people charged in connection with the January 6, 2021, attack. Trump will restore the federal death penalty, which Biden had suspended, and require that official US documents such as passports reflect citizens' gender as assigned at birth, the officials said.

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