By James Oliphant

WASHINGTON (Reuters)

Donald Trump's second presidential term could significantly impact U.S. trade policy, climate change, the Ukraine war, electric vehicles, immigration, and taxes.

Key Policies Trump Plans to Pursue

More Tariffs

• Tariffs on China: Trump pledged an additional 10% tariff on Chinese goods and plans to implement a 25% tariff on goods from Mexico and Canada if border security is inadequate.
• Broader Tariffs: His administration may introduce a 10% tariff on all imports, aiming to eliminate the trade deficit. Critics warn it could raise consumer prices and global instability.
• Targeting China: Proposes phasing out specific Chinese imports over four years and barring Chinese ownership in certain U.S. sectors.

Mass Deportations

• Reinstating First-Term Policies: Trump aims for strict policies against illegal border crossings and a mass deportation effort, possibly employing National Guard and federal forces.
• Asylum and Citizenship: Plans to limit asylum access and change citizenship laws for children of immigrants. He also seeks to revoke protections for some immigrant populations.

Drilling Away

• Increase Fossil Fuel Production: He will ease drilling regulations and support oil extraction in sensitive areas.
• Withdrawal from Climate Accords: Trump plans to exit the Paris Climate Accords and support nuclear energy, rolling back Biden-era emission regulations.

Tax Relief

• Tax Cuts: Trump aims to retain the 2017 tax cuts and proposes further reductions for corporations, dismissing the taxation of tips and overtime wages.
• Federal Reserve Influence: He plans to pressure the Federal Reserve for lower interest rates without direct demands.

Diversity Program Changes

• Educational Reforms: Wants to eliminate diversity programs in universities and support school choice.
• Federal Department of Education: Proposes abolishing it to give states control.

No Federal Abortion Ban

• Abortion Policy: Trump supports state-level resolution for abortion issues, emphasizing exceptions for severe circumstances. He favors policies aiding IVF and prenatal care.

A Push to End Wars

• Ukraine Conflict: Critical of U.S. aid to Ukraine and suggests territorial concessions for a peace deal.
• Middle East Relations: Pushing for normalization between Israel and Saudi Arabia and urging Israel to conclude military operations.

Investigating Enemies, Aiding Allies

• Federal Investigations: Trump plans to investigate political opponents and may pardon those involved in the January 6 Capitol attack.
• Regulatory Power: Aims to leverage regulations against critics, including media.

Purging the Federal Bureaucracy

• 'Deep State' Targets: Trump intends to restructure federal employment to facilitate dismissals, advocating for independent oversight and efficiency reviews.
• Whistleblower Crackdown: Proposes changes to protections for whistleblowers within federal agencies.