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Biden’s First Steps as US President – Markets News – January 21, 2021

Biden’s First Steps as US President – Markets News – January 21, 2021


A few hours after the inauguration, the new US President Joe Biden signed a number of documents canceling several decrees of the former head of the White House, Donald Trump.

As you know, under Trump, the United States withdrew from a number of international alliances and agreements. And Biden’s first decree was the return of the United States to the 2015 Paris Climate Agreement, which would cut carbon emissions. The signed document will be submitted to the UN and will take effect in 30 days.

Biden also annulled the US withdrawal from the World Health Organization (WHO). We will remind, in August last year, Donald Trump announced that his country is leaving the WHO because of the mistakes of the organization made at the very beginning of the Covid-19 pandemic.

In addition, the ban on entry into the United States of citizens of a number of Muslim and African countries was lifted, and the construction of a wall on the border with Mexico was stopped.

Among other decrees of the new head of the White House, one can single out the extension of the freeze on loan payments in the field of education, as well as the introduction of a moratorium on the lease of the territories of the Arctic zone for oil and gas production. Biden paid considerable attention to the rights of migrants: a decree was signed to strengthen the DACA program for the protection of migrant children and a decree on citizenship for migrants. Moreover, January 20 is now declared the National Unity Day in the United States.

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