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The 47th President of the United States
President Donald J. Trump was sworn in as the White House on Monday and began signing a series of executive orders. He granted "blanket pardons" to those charged in the January 6, 2021, attack on the U.S. Capitol; suspended enforcement of laws banning TikTok in the United States for at least 75 days; and created the Elon Musk-led Department of Government Effectiveness ( DOGE).

Declaring a national energy emergency
Trump on Monday declared a national energy emergency - part of a sweeping agenda to increase fossil fuel production - and ordered the United States to withdraw from the Paris climate accord. He also scrapped various Biden administration climate goals, such as achieving net-zero emissions by 2050.

Trump targets tariffs
Trump told reporters on Monday that he was considering imposing 25% tariffs on Mexico and Canada, which would take effect on February 1. He also issued a trade memorandum instructing federal agencies to review trade policies with other countries, notably China, Canada and Mexico, but did not introduce new tariffs.

Biden's pardon
Former U.S. President Joe Biden issued preemptive pardons to several family members on Monday, citing concerns they would be targets of "baseless and politically motivated investigations." Biden also pardoned Anthony Fauci, Gen. Mark Milley, members of Congress investigating the Jan. 6 Capitol riot and others who he said were threatened with "baseless" political ends.

Asian markets rise after inauguration
U.S. markets were closed Monday for Martin Luther King Jr. Day. Stock futures were mostly slightly lower on Tuesday after Trump said he was considering imposing tariffs on Mexico and Canada. Asia-Pacific stocks rose on Tuesday. Hong Kong Hang Seng Index increased by nearly 1%, while South Korea composite stock price index As the country's wholesale inflation rate increased by 1.7% year-on-year in December, the inflation rate fell by approximately 0.1%.

(PRO) The second time is an echo of the first?
Some on Wall Street say a second Trump term could have the same impact on certain asset classes as the first. To find out, CNBC Pro looked at the performance of multiple assets during the first 100 days of Trump's last presidential term and asked analysts how they performed.

Donald Trump has been proactive since he officially took office as the 47th President of the United States, signing a number of executive orders after taking office. Here are the two main questions investors will be paying attention to.

tariff

"To me, the most beautiful word in the dictionary is 'tariffs,'" Trump told the Economic Club of Chicago in October. Trump said on Monday he was considering imposing 25% tariffs on goods from Canada and Mexico by February 1. During the campaign, Trump vowed to impose general tariffs of up to 20% on all U.S. imports and impose tariffs on more than 60% of goods. About Chinese products.

The government imposes tariffs ostensibly to protect domestic industry. Companies that import goods pay what is essentially a tax, driving up costs. This prompted them to turn to local suppliers.

Because supply chains are so integrated globally and most manufacturing is done outside the United States, companies may find it difficult to move production locally. The higher costs may then be passed on to consumers in the form of higher prices.

In other words, tariffs could lead to more inflation.

deportation

At a pre-inauguration event titled the "Make America Great Again Victory Rally," Trump promised his supporters that "the invasion of our country will stop." Like tariffs, stricter immigration policies (or outright deportations) are often done to protect the domestic economy (among other reasons).

The theory is that the fewer people competing for an open position, the easier it is to obtain employment.

But many sectors of the U.S. economy, such as construction and agriculture, are staffed by undocumented immigrants who work in jobs that residents dislike. Even documented immigration is critical to high-skilled industries like tech—as Elon Musk’s spat with Trump supporters over H-1B visas demonstrates.

If a reliable source of labor disappears overnight, companies will have to raise wages to attract talent, potentially raising the prospect of another horrific wage-price spiral.

Other policies

Trump also promised many other economic measures, such as corporate tax cuts, legalizing cryptocurrencies and eliminating green energy subsidies.

However, tariffs may have the greatest impact on the global economy and financial institutions.

—CNBC’s Sam Meredith, Ryan Ermey, Annie Nova, Rebecca Picciotto, Evelyn Cheng and Lim Hui Jie contributed to this report.