Risk of trade wars
17 January 2025
24 January 2025
Donald Trump officially took office as President of the United States this week, and his first steps in office immediately stirred the domestic and international political scene. One of the first executive orders he signed is an executive order banning migrants from entering the country through the southern border with Mexico. This measure, which builds on his long-standing tough stance on immigration, is intended to increase control over the border and strengthen US security. Another major step is his announcement of a plan to cut taxes for companies manufacturing in the US, while companies importing products from abroad will face new tariffs. This approach is intended to boost domestic industry and attract foreign investment.
Donald Trump has also threatened to impose tariffs on Russia if there is no progress in negotiations to end the war in Ukraine. This move shows his willingness to use economic instruments as leverage on the international stage.
At the same time, he announced an ambitious investment project called 'Stargate', which aims to allocate USD 500 billion to the development of artificial intelligence and technological infrastructure and to strengthen the US position in global technological competition.
Donald Trump also returned to the idea of Greenland joining the US, stressing the strategic importance of the territory for US defence and control in the Arctic. This proposal, which has receeved mixed reactions, is seen by the President as a long-term investment in security and geopolitical stability.