Investing.com — TD Cowen outlined what it believes are the seven key priorities for the Trump administration in a note Tuesday, emphasizing a bold, America-centric agenda.
Central to this vision is “Deglobalization” or the “America First” strategy, aiming to bolster domestic manufacturing with protective measures like tariff barriers and border walls.
Energy is also said to take center stage with “Drill (energy dominance)” as a top focus, according to TD Cowen. Nominee Governor Doug Burgum is expected to lead initiatives reducing regulatory burdens, expanding access to federal lands for energy exploration, and accelerating infrastructure development.
The bank says deregulation will include streamlined federal rules, requiring agencies to eliminate two regulations for every new one introduced.
Meanwhile, immigration policy, defined as “Deportation”, is expected to see a massive push. TD Cowen notes the plans for the largest deportation effort in U.S. history, reinstating the “Remain in Mexico” policy, and declaring illegal immigration a national emergency.
Foreign policy revolves around “Deals (or tariffs)”, with Rubio and Waltz spearheading tariff-based leverage on trade, immigration, and security matters.
TD Cowen adds that China remains a major focus, with tariff threats tied to fentanyl, immigration, and currency disputes.
On fiscal policy, the bank says “Debt” financing will be central to extend tax cuts, navigating the debt ceiling, and funding priorities.
Finally, “DOGE,” or the Department of Government Efficiency, although less detailed, is a unit that Trump is planning. It is expected to make recommendations on streamlining the U.S. federal government and reducing inefficiency.
