The First 30 Days: Trump’s 5 Biggest Moves and Their Economic Impacts 

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President Donald Trump signed 74 executive orders, seven proclamations and 20 memoranda within the first 30 days of his inauguration, reported Scripps News. 

While these accelerated moves created a commotion in Washington, D.C. and fear in Americans, most haven’t impacted the economy for the moment, according to Jason DeLorenzo, market analyst and principal and owner of Volland.

“For now Trump’s policies are focused on the DOGE’s activities, tariffs and immigration, but many other policies haven’t had time to impact the economy directly, although they could impact geopolitics.

“These policies are causing disruption in D.C. and while the tariffs haven’t had time to ripple through the economy yet, they are causing sentiment to sour.” 

GOBankingRates turned to DeLorenzo and Cheney Hamilton, research analyst at Bloor Research and CEO of Find Your Flex Group, for analytic insights into Trump’s five biggest moves during the first 30 days of his second term and their impacts on the U.S. economy.

Tariffs Could Elevate Global Supply Chain Costs

Talk to your spouse or neighbor, and the conversation will likely become a venting session about rising grocery costs climbing higher as a result of tariffs, especially if you’re retirees on a fixed income.

“If Trump’s policies lean toward protectionism, like tariffs on Mexico, Canada and China, we could see a shift in offshoring trends, with companies reevaluating where and how they invest in automation as well as talent,” Cheney said. 

“If businesses face higher costs for global supply chains, they may double down on AI and automation as a way to reduce reliance on human labor and cut costs; as a result, it could accelerate AI-driven job displacement in lower-skilled roles, particularly in industries like manufacturing, logistics and customer service,” Cheney said. 

“At the same time, if offshore options become more expensive, companies might look to re-shore jobs, but with AI augmentation, meaning the jobs coming back won’t look the same as before.”

Plans To Shut Down Federal Offices and the Department of Education Could Effect Student Loan Payment Processing

According to Trump’s rhetoric, closing federal offices and the Department of Education will save the government money, another move sparking a big reaction in Americans, DeLorenzo said.

“The plans to shut down the Department of Education have caused a major stir throughout the country, as student loan payments need to be processed somewhere, special needs programs need to be funded somewhere, and public school funding needs to be made somewhere,” DeLorenzo said. 

He added, “The reaction of the country is why Trump balked at closing the department; it’s something he can’t do by executive order anyway,” DeLorenzo said. 

“Ultimately, these acts don’t have a huge impact on the economy except [in creating] fear and uncertainty among market participants.” 

Freezing Foreign Aid Payments Could Put Americans Out of Work

Halting foreign aid funding has significant implications for the country. 

“As far as the economy goes, it puts many out of work but also contracts our economy since USAID activities expand our exports and sales of American goods, primarily food,” DeLorenzo said. 

“While USAID does have reason to be scrutinized, the blanket closing of foreign aid is a diplomatic and humanitarian mistake.”

Reinstating Offshore Drilling Could Lower Oil Prices

The American economy hasn’t felt the impact of offshore drilling yet. However, DeLorenzo said increasing the supply of oil when the demand is shrinking could lower oil prices to $50 a barrel as long as there aren’t any more wars.

Eliminating Birthright Citizenship Could Decrease Labor Supply

Eradicating birthright citizenship could have a devastating effect on the U.S. economy.

“The overall policy of deporting immigrants will create a demographic-fueled economic contraction, and eliminating birthright citizenship would contribute to that; these are people who are building a life, eating food, renting shelter and working; labor supply will decrease as will aggregate demand,” DeLorenzo said.

He added that China and Japan are now facing a similar demographic crisis to what America could feel over the next few years.

Editor’s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.

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