With a defiant inauguration address, President Trump begins his first term, leading the USA on what could be a radically different path compared to previous administrations. The speech reiterated opposition to global trade and the deindustrialisation in the 80s & 90s. Despite large protests around the world and in Washington, the event was a calm and orderly affair. It is expected that President Trump will be signed a series of executive orders in the next few days, following through on his promise to end TPP, abolish or renegotiate NAFTA, end immigration from majority Muslim countries, and remove the Affordable Care Act.

Stock markets in the US continued to rally, also expecting a large infrastructure plan to be unveiled in the next few weeks.

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