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Trump Pledges to Tackle Inflation, Strengthen Border Security in Inaugural Address

Trump has vowed to tackle inflation and strengthen border security, with markets reacting positively as immediate tariff concerns ease.

In his inauguration speech, President Donald Trump vowed to take decisive action on key issues, including inflation and immigration, as financial markets responded positively to his measured approach on trade policy.  

Trump addressed the nation with a promise to curb inflation, stating, “I will direct all members of my cabinet to marshal the vast powers at their disposal to defeat what was record inflation and rapidly bring down costs and prices.” 

The new president emphasised his commitment to lowering consumer expenses, positioning his administration as focused on economic relief for American families.  

Immigration was another focal point of Trump’s address, as he pledged to take unprecedented measures to secure the nation’s borders. 

“As Commander in Chief, I have no higher responsibility than to defend our country from threats and invasions, and that is exactly what I am going to do,” Trump declared. 

“We will do it at a level that nobody has ever seen before.” The strong rhetoric signaled a continuation of his hardline stance on immigration enforcement.  

Meanwhile, financial markets reacted to Trump’s inauguration with a sense of relief, as investors had feared the immediate imposition of tariffs. The absence of swift trade actions sent the U.S. dollar tumbling, with a key dollar index on track for its biggest daily drop since November 2023. Contracts on the S&P 500 rose 0.4%, with Wall Street closed for a public holiday.  

Analysts suggest that the delay in tariff implementation eased concerns over a potential trade war, which could have hurt global economies and increased demand for the dollar as a safe-haven asset. 

While tariffs are typically viewed as a threat to economic growth and corporate profits, their postponement provided a boost to equities.  

Boluwatife Enome

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