Good morning on this morning of the day of the inauguration of Donald Trump as the 47th President of the USA. After the ceremony, he will, as widely expected issuing a storm of presidential orders. Decrees to the immigration to immediately restrict and initiate mass deportations, for example. Decrees to the promised deregulation to get started. And he will probably also make the first announcements new trade rates. Furthermore, Trump will certainly keep his promise made yesterday TikTokwhich was briefly put on the air in the US yesterday due to a Supreme Court ruling, will be back on the air. That announcement alone ensured that TikTok was available again in America at the end of the day.
This morning’s news and what else we can expect today:
- Nearly four in ten international entrepreneurs expect this Trump’s presidency will have negative consequences for trade, according to a study published this morning by the Netherlands Enterprise Agency (RVO). Of the Dutch companies that expect negative consequences, seven in ten are considering taking measures, for example by looking at exporting to countries outside the US. I already wrote a piece with colleague Milo van Bokkum about the attitude of Dutch export companies.
- Top executives of companies, billionaires and government leaders will travel to Davos again from today, where this week the annual World Economic Forum is held again. Dutch Prime Minister Dick Schoof is also there.
- PostNL had an even more disappointing year last yearthan previously announced. The postal company and parcel deliverer announced preliminary financial figures this morning. Profit fell from 92 million euros in 2023 to 53 million euros last year.
- Finance Minister Eelco Heinen (VVD) wants this despite the privacy concerns previously expressed still allow banks to share data and cooperate in the fight against money laundering. He writes that according to it F.D in a vision document that he will send to the House of Representatives today.
- Stock markets in Asia showed increases this morning. Investors draw hope from the conversation that Donald Trump had yesterday with Chinese President XI Jinping about trade, fentanyl and TikTok. Trump called that conversation “very good.” The dollar slipped a little further this morning, after the currency had already started to fall last week.
- Today we expect new figures from Eurostat about… economic growth and the labor market in the EU countries.