Tariff Actions in Trump's First 100 Days Could Affect Your Finances

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Tariff Actions in Trump's First 100 Days Could Affect Your Finances

//business-finance.news-articles.net/content/202 .. s-first-100-days-could-affect-your-finances.html

Published in Business and Finance on Thursday, May 1st 2025 at 16:20 GMT by Investopedia

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

During his first 100 days in office, President Donald Trump implemented several actions that had direct and indirect impacts on Americans' finances. Key actions included executive orders aimed at reducing regulations, such as the two-for-one rule requiring agencies to eliminate two regulations for every new one introduced, and the rollback of the fiduciary rule, which could affect retirement savings by allowing financial advisors to recommend products that might not be in the best interest of their clients. Trump also signed an executive order to begin the process of repealing and replacing the Affordable Care Act (ACA), though this effort faced significant challenges in Congress. Additionally, his administration pushed for tax reform, with proposals to reduce corporate and individual tax rates, and he initiated a renegotiation of the North American Free Trade Agreement (NAFTA), which could influence trade and job markets. These actions, while aimed at stimulating economic growth and reducing government oversight, introduced uncertainty and potential shifts in financial planning and market dynamics for many Americans.

Read the Full Investopedia Article at:
[ https://www.investopedia.com/trump-s-first-100-day-actions-that-have-affected-your-wallet-11724171 ]