Zürcher Nachrichten - Trump's next 100 days: Now comes the hard part

EUR -
AED 4.329505
AFN 74.270955
ALL 96.412965
AMD 442.829896
ANG 2.109909
AOA 1081.049119
ARS 1621.868228
AUD 1.669117
AWG 2.122015
AZN 2.008805
BAM 1.955049
BBD 2.36909
BDT 143.744783
BGN 1.942405
BHD 0.44363
BIF 3488.260053
BMD 1.178897
BND 1.492727
BOB 8.127878
BRL 6.104378
BSD 1.176248
BTN 106.971909
BWP 15.575017
BYN 3.373004
BYR 23106.384132
BZD 2.365691
CAD 1.613144
CDF 2687.885928
CHF 0.914379
CLF 0.025883
CLP 1021.990551
CNY 8.144706
CNH 8.131873
COP 4349.829098
CRC 561.384355
CUC 1.178897
CUP 31.240774
CVE 110.22266
CZK 24.236994
DJF 209.469536
DKK 7.474449
DOP 72.302227
DZD 153.219144
EGP 56.036475
ERN 17.683457
ETB 183.051984
FJD 2.619805
FKP 0.87456
GBP 0.874585
GEL 3.153597
GGP 0.87456
GHS 12.927034
GIP 0.87456
GMD 86.65348
GNF 10320.035759
GTQ 9.025533
GYD 246.055483
HKD 9.214084
HNL 31.119046
HRK 7.539094
HTG 154.180774
HUF 380.836877
IDR 19879.624744
ILS 3.672942
IMP 0.87456
INR 106.957625
IQD 1541.008052
IRR 49661.042612
ISK 144.993015
JEP 0.87456
JMD 183.279597
JOD 0.835885
JPY 182.758577
KES 151.621757
KGS 103.095009
KHR 4730.182992
KMF 492.779421
KPW 1061.017663
KRW 1703.795257
KWD 0.361521
KYD 0.980223
KZT 587.104475
LAK 25205.317867
LBP 105335.237518
LKR 363.940199
LRD 217.026633
LSL 18.950121
LTL 3.480977
LVL 0.713104
LYD 7.441142
MAD 10.785757
MDL 20.20224
MGA 5034.066261
MKD 61.621329
MMK 2475.775519
MNT 4205.980766
MOP 9.468963
MRU 47.097908
MUR 54.724852
MVR 18.226196
MWK 2039.716483
MXN 20.197696
MYR 4.601281
MZN 75.337468
NAD 18.950121
NGN 1583.471518
NIO 43.283374
NOK 11.229118
NPR 171.155254
NZD 1.968602
OMR 0.452986
PAB 1.176248
PEN 3.951182
PGK 5.130029
PHP 68.327115
PKR 328.738921
PLN 4.222397
PYG 7605.078657
QAR 4.287453
RON 5.100032
RSD 117.374913
RUB 90.365288
RWF 1717.940087
SAR 4.422617
SBD 9.484443
SCR 17.871135
SDG 709.110969
SEK 10.681049
SGD 1.492529
SHP 0.884478
SLE 28.887303
SLL 24720.883013
SOS 671.042232
SRD 44.368388
STD 24400.790813
STN 24.490592
SVC 10.292047
SYP 13038.101319
SZL 18.943723
THB 36.684966
TJS 11.145219
TMT 4.12614
TND 3.415188
TOP 2.838502
TRY 51.671496
TTD 7.961942
TWD 37.181831
TZS 3031.835379
UAH 50.913243
UGX 4234.373448
USD 1.178897
UYU 45.642467
UZS 14365.48178
VES 473.717869
VND 30615.958975
VUV 139.583423
WST 3.200029
XAF 655.705124
XAG 0.013965
XAU 0.000231
XCD 3.186029
XCG 2.119986
XDR 0.815487
XOF 655.705124
XPF 119.331742
YER 281.108453
ZAR 18.909381
ZMK 10611.493248
ZMW 22.272444
ZWL 379.604401
  • JRI

    0.0800

    13.13

    +0.61%

  • BCC

    -2.2500

    82.13

    -2.74%

  • BCE

    0.2300

    25.8

    +0.89%

  • CMSD

    0.0400

    23.8

    +0.17%

  • RIO

    0.7500

    97.09

    +0.77%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • GSK

    -0.8444

    59.52

    -1.42%

  • NGG

    0.0100

    90.28

    +0.01%

  • CMSC

    0.0100

    23.96

    +0.04%

  • BTI

    1.0900

    62.08

    +1.76%

  • AZN

    -2.2500

    204.2

    -1.1%

  • VOD

    0.1200

    15.65

    +0.77%

  • RELX

    0.4700

    31.46

    +1.49%

  • RYCEF

    0.4000

    18.2

    +2.2%

  • BP

    -0.3308

    38.18

    -0.87%

Trump's next 100 days: Now comes the hard part
Trump's next 100 days: Now comes the hard part / Photo: Doug Mills - POOL/AFP/File

Trump's next 100 days: Now comes the hard part

President Donald Trump spent his first 100 days issuing a blitz of executive orders to deliver rapidly on campaign pledges, drastically downsize the government and reshape America's role on the global stage.

Text size:

But the job gets trickier now for the self-styled dealmaker-in-chief, who must corral fractious Republicans on Capitol Hill to anchor his domestic policies in legislation that can cement a lasting legacy.

"Trump's first 100 days were remarkable for their pace and impact. Now comes the hard part," Stephen Dover, chief market strategist and head of the Franklin Templeton Institute, said in a memo to investors.

"The next 100 days will shift the focus to the challenges of passing legislation while simultaneously addressing deficit reduction. Congress must act, which requires building legislative coalitions."

In a dizzying first three months, Trump wielded executive power like no other modern president, signing more than 140 orders on immigration, culture war issues and slashing the federal bureaucracy.

But the unilateral authority of the Oval Office has its limits and much of the reform Trump wants to enact -- particularly anything involving spending public money -- requires laws to be passed by Congress.

Trump's political capital will be put to the test as he aims to shepherd his sprawling agenda on tax, border security and energy production through the House and Senate.

Complicating Trump's task is his receding popularity, with the polls flashing warning signs amid economic uncertainty and misgivings over his handling of immigration and international trade.

- Brinkmanship -

Executive orders signed without the involvement of Congress can be undone by any president.

They are also vulnerable to legal and constitutional challenges, as Trump has discovered in dozens of rulings that blocked his policies early in his presidency.

A more lasting impact, say analysts, will require the kind of political brinkmanship and consensus-building that haven't been necessary so far.

The author of "The Art of the Deal" doesn't have a great record of getting contentious legislation through his divided party.

In his 2017-21 term, he passed the Abraham Accords, fostering peace between Israel and several of its neighbors, and celebrated a trade deal with Canada that has since been obliterated by his tariffs.

But he failed to repeal the Affordable Care Act, or Obamacare -- a key priority -- and, despite much fanfare over summits in Singapore and Hanoi, was unable to ink any kind of deal with North Korea's Kim Jong Un.

When it comes to uniting around a common cause, his lawmakers in Congress haven't fared much better, getting just five bills into law in Trump's first 100 days, the lowest number in generations.

Republicans set a deadline of July 4 to pass the president's agenda -- led by an extension of his 2017 tax cuts and fulfilling a campaign pledge to eliminate levies on tips, overtime and Social Security payments.

- 'A lot trickier' -

The slim Republican majorities in both chambers will require almost perfect unity.

But conservatives won't back the tax cuts -- which have an estimated price tag of around $5 trillion over 10 years -- without deep reductions in spending.

Moderates with tough reelection fights in next year's midterms say they won't support the likely evisceration of the Medicaid health insurance program for low-income families that this would entail.

Political consultant and former Senate aide Andrew Koneschusky, a key player in negotiations over the 2017 tax cuts, expects Trump's next 100 days to be "a lot trickier."

"When it comes to tax bills, the ultimate adult in the room is math. You can't break the laws of mathematics, no matter how much politicians might want to," he told AFP.

"It's going to be extremely tricky for the numbers to add up in a way that satisfies everyone in the Republican caucus."

Meanwhile Trump is up against the clock.

The battle for the House majority in 2026 will likely come down to a few swing districts and the president could easily see his ability to shepherd legislation through Congress curtailed.

Trump is relying on an arcane Senate procedure called "reconciliation" that means, given certain conditions are satisfied, he won't need Democratic support to pass his priorities -- which is just as well.

House Minority Leader Hakeem Jeffries has called Trump's agenda "unconscionable" and "un-American," vowing to do everything Democrats can to "bury it in the ground, never to rise again."

O.Meier--NZN