Trump takes over as the biz world celebrates, and partly dreads, his first 100 days

Return to (oval) office… Donald Trump was inaugurated as the 47th POTUS yesterday (indoors for the first time since ’85 because of the severe cold). Stocks and crypto have surged on hopes that his admin will be favorable for markets. Last week, banks like JPMorgan Chase and Goldman Sachs shared soaring profits as dealmaking confidence boomed. But some execs are worried that plans for tariffs and hefty deficit spending could drive inflation, which the US recently got under control.

Expect the unexpected?… We’re not talking about the awkward two-minute silence before Carrie Underwood’s inauguration performance. Here are some campaign promises that businesses are looking forward to — and bracing for.

• Regulaxation: Execs expect more relaxed regulation, less oversight, and fewer FTC crackdowns on deals like mergers. Trump’s SEC chair pick, Paul Atkins, is expected to usher in a chiller era of market regulation, especially re: crypto.

• Speaking of crypto: Bitcoin rallied last week on reports that Trump would issue an executive order marking crypto a national priority. He’s also promised to create a federal “bitcoin stockpile.”

• Tariffied: Businesses are spooked by Trump’s promise to impose massive tariffs on imports from top American trade partners like China, Mexico, and Canada. Economists and big companies like Walmart have said that the cost of tariffs could be passed down to consumers.

• Tax cuts: Trump’s expected to extend 2017’s individual tax cuts while trimming the corporate tax rate for domestic manufacturers. He also plans to dole out tax breaks to fossil-fuel companies and slash EV incentives (awk for Elon).