Donald Trump has been sworn-in as the President of United States for a second term after defeating Kamala Harris.
Trump made several high-profile promises, some of which have sparked debate over their feasibility and potential impact.
Having promised action on issues including immigration, the economy and the war in Ukraine, he is set to return to the White House by January.
He is likely to enjoy plenty of support for his political agenda in Congress after his Republican Party regained control of the Senate.
In his victory speech, Trump vowed, “I will govern by a simple motto: Promises made, promises kept. We’re going to keep our promises..
Here is Trump promised to do as US President
1. Deportation of undocumented migrants
While campaigning, Trump promised the biggest mass deportations of undocumented migrants in US history.
He also pledged to complete the building of a wall at the border with Mexico that was started during his first presidency.
The number of crossings at the US southern border hit record levels at the end of last year during the Biden-Harris administration, before falling in 2024.
Experts have said that deportations on the scale promised by Trump would face huge legal and logistical challenges – and could slow economic growth.
Moves on economy, tax and tariffs
Exit poll data has suggested the economy was a key issue for voters. Trump has promised to “end inflation” – which rose to historic levels under President Joe Biden before falling again. But a president’s power to directly influence prices is limited.
He has also promised sweeping tax cuts, extending his overhaul from 2017. He has proposed making tipped income tax-free, abolishing tax on social security payments and shaving corporation tax.
He has proposed new tariffs of at least 10 per cent on most foreign goods, to cut the trade deficit. Imports from China could bear an additional 60 per cent tariff, he has said. Some economists have warned that such moves could push up prices for consumers.
3. Cut climate regulations
During his first presidency, Trump rolled back hundreds of environmental protections and made America the first nation to withdraw from the Paris climate agreement.
This time, he has again vowed to cut regulations, particularly as a way to help the American car industry. He has constantly attacked electric vehicles, promising to overturn Biden’s targets and encouraging the switch to cleaner cars.
4. End Ukraine war
Trump has criticised the tens of billions of dollars spent by the US on supporting Ukraine in its war with Russia – and has pledged to end the conflict “within 24 hours” through a negotiated deal.
He has not said what he thinks either side should give up but Democrats have said the move would embolden President Vladimir Putin.
Trump wants the US to disentangle itself from foreign conflicts generally. Regarding the war in Gaza – Trump has positioned himself as a staunch supporter of Israel but has urged the American ally to end its operation. He has also pledged to end the related violence in Lebanon, without giving further detail.
5. No abortion ban
Against the wishes of some of his supporters, Trump said during the presidential debate with Kamala Harris that he would not sign into law a national abortion ban.
In 2022, the nationwide constitutional right to abortion was overturned by the Supreme Court, which had a majority of conservative judges following Trump’s first presidency.
Reproductive rights became a key campaigning topic for Harris, and several states approved measures to protect or expand abortion rights on polling day.
Trump himself has regularly said states should be free to decide their laws on abortion but struggled to find a consistent message of his own.
6. Pardon for January 6 rioters
Trump has said he will “free” some of those convicted of offences during the riot in Washington DC on 6 January 2021, when his supporters stormed the Capitol building to thwart the 2020 election victory of Joe Biden.
Several deaths were blamed on the violence, which Trump was accused of inciting.
He has worked to downplay the riot’s significance and recast the hundreds of supporters who were convicted as political prisoners.
He continues to say many of them are “wrongfully imprisoned”, though has acknowledged that “a couple of them, probably they got out of control”.
7. Sack Special Counsel Jack Smith
Trump has vowed to sack “within two seconds” of taking office the veteran prosecutor leading two criminal investigations against him.
Special Counsel Jack Smith has indicted Trump over alleged efforts to overturn the 2020 election and over his alleged mishandling of classified documents.
Trump denies any wrongdoing and managed to prevent either case from coming to trial before the election. He says Mr Smith has subjected him to a “political witch hunt”.
Trump will return to the White House as the first-ever president with a criminal conviction, having been found guilty in New York of falsifying business records.
8. Rehiring of “Loyalists”Promise:
Trump has pledged to overhaul the federal bureaucracy, replacing thousands of federal workers with those he considers “loyalists.”
9. Building a “Freedom Cities” InitiativePromise
Trump has proposed constructing “freedom cities” on federal land to address housing shortages and encourage innovation.
10. Implementing the Death Penalty for Drug Dealers
Trump has expressed support for imposing the death penalty on drug dealers to deter drug-related crimes.
11. Withdrawing from NATO and Other International Alliances
Trump has suggested reconsidering US involvement in NATO and scaling back certain international commitments.
12: Launching an “American Energy” Initiative
Trump has promised to restore and prioritise energy independence by maximising US energy production, especially fossil fuels.
What Donald Trump’s 2nd Presidency Means For Nigeria
Senior Market Analyst at FXTM, Mr. Lukman Otunuga, has raised concerns over the impact of Donald Trump’s potential re-election to Nigeria and global markets as regards global oil prices and market stability.
Otunuga revealed that Trump’s emphasis on boosting U.S. oil and gas production could increase domestic supply, potentially putting downward pressure on oil prices in the long term.
Otunuga noted that Trump’s economic policies could spur U.S. growth, potentially leading to inflationary pressures. If this prompts the Federal Reserve to maintain elevated interest rates, a stronger dollar could further drive oil prices down.
This scenario, according to him, poses challenges for major oil-producing nations, particularly those that rely heavily on oil revenues.
For Nigeria, in particular, a combination of lower oil prices and a stronger dollar could exacerbate existing economic difficulties.
He noted that several key assets could experience significant fluctuations if Trump returns to the White House.
According to him, gold prices fell as much as 1.5 per cent recently amid a stronger dollar and higher Treasury yields. Extended Fed rate hikes could limit upward potential for gold prices.
Speaking on key implications of a Trump presidency, he said if Trump reclaims the White House, the financial landscape could see heightened volatility due to several potential developments.
A stronger dollar would likely weigh on gold prices and emerging-market currencies, placing additional pressure on developing economies.
