Trump Prepares Flurry of Executive Orders

President Donald Trump will mark the end of his first 100 days in office with a flurry of executive orders, looking to fulfill campaign promises and rack up victories ahead of that milestone by turning to a presidential tool he once derided. But Trump’s frequent use of the executive order points to his struggles getting legislation though a Congress controlled by his own party and few of the orders themselves appear to deliver the sweeping changes the president has promised.

White House aides said that Trump will have signed 32 executive orders by Friday, the most of any president in their first 100 days since World War II. That’s a far cry from Trump’s heated campaign rhetoric, in which he railed against his predecessor’s use of executive action late in his tenure as President Barack Obama sought to maneuver around a Republican Congress. Trump argued that he, the consummate deal maker, wouldn’t need to rely on the tool.

“The country wasn’t based on executive orders,” said Trump at a town hall in South Carolina in February 2016. “Right now, Obama goes around signing executive orders. He can’t even get along with the Democrats, and he goes around signing all these executive orders. It’s a basic disaster. You can’t do it.”

But after taking office, Trump has learned to love the executive order. This week, he will sign one on rural issues, another on veterans and several on energy.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza