The new President of the United States, Donald Trump, made a controversial decision on his first day in office. Trump pardoned 1,500 supporters who participated in the attack on the Capitol four years ago. Sworn in on Monday, Trump’s first actions included imposing restrictions on immigrants, rolling back environmental regulations, and delaying the TikTok ban by 75 days. The President is expected to sign new executive orders on Tuesday. On January 6, 2021, Trump supporters attacked the Capitol to prevent the certification of the election results. Members of Congress who were in danger that day reacted strongly to the pardoning of the attackers. Returning to the White House in a victorious mood, Trump criticized former President Biden in his inauguration speech and described himself as "the person chosen by God to save the country." Trump, 78, faces a challenging period ahead. A divided Congress, upcoming lawsuits, and international challenges may complicate his promise of an "American Golden Age." The decision to increase tariffs, one of Trump’s campaign promises, has not yet taken effect. However, the President announced that he might impose a 25% tax on Canada and Mexico in February. Interestingly, Trump became the first person in U.S. history to be re-elected president after losing the White House and the first president with a criminal record. The oldest president to date, Trump holds a majority in both chambers of Congress. Trump's inauguration has caused mixed reactions in global markets. Investors are trying to gauge how the next four years will unfold.
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