On January 31, 2025, the twelfth day of President Donald Trump’s second term, several significant actions and events took place:
Executive Actions:
- Deregulation Initiative: President Trump signed an executive order launching a massive 10-to-1 deregulation initiative, aiming to eliminate ten existing regulations for every new one introduced. This move is intended to reduce regulatory burdens and stimulate economic growth. (whitehouse.gov)
Trade Policy:
- Imposition of New Tariffs: The administration announced the imposition of new tariffs effective February 1, 2025, including:
- A 25% tariff on imports from Mexico and Canada.
- A 10% tariff on imports from China. These tariffs are part of the administration’s strategy to address trade imbalances and protect domestic industries. (reuters.com)
Judicial Actions:
- Federal Funding Freeze Blocked: A federal judge issued a temporary restraining order blocking the administration’s attempt to freeze federal grants and loans. The judge’s decision halts the freeze until a comprehensive hearing can be held, citing concerns about the potential disruption to essential services such as healthcare research and education programs. (en.wikipedia.org)
Media Relations:
- Press Briefing: White House Press Secretary Karoline Leavitt held a press briefing to address various topics, including the new tariffs and the administration’s deregulation efforts. (youtube.com)
These actions reflect the administration’s focus on economic policy through deregulation and trade measures, as well as its ongoing interactions with the judiciary and the media.
For more details, you can watch the full press briefing below:
Press Secretary Karoline Leavitt Briefs Members of the Media