“The golden age of America begins right now,” President Donald Trump declared at the beginning of his inaugural address Monday. Keeping with that spirit, the new president unleashed a flurry of executive orders regarding the U.S. economy at the start of his second term.
On Day One of his second term, Trump ended federal government cooperation with the Organization for Economic Cooperation and Development global tax deal. The deal had attempted to lock American companies into paying a minimum effective tax rate of 15% on their profits. The Trump administration pointed out that the deal “not only allows extraterritorial jurisdiction over American income, but also limits our nation’s ability to enact tax policies that serve the interests of American businesses and workers.”
In his “America First Trade Policy Order,” Trump outlined his plan for navigating the…
