Shark Tank star KEVIN O’LEARY: Trump’s four-point economic plan revealed… including a new ‘uni-passport’ for Canadians
I’ve spoken a lot with President Donald Trump in recent months and my expectations for his first 100 days in office are very high.
Americans are about to witness a period of rapid change that will radically alter their lives.
First, Trump knows he has to act quickly.
He will have two years of virtually unfettered control of Washington, DC, before midterm elections threaten to undermine the Republican party’s narrow majorities in the House of Representatives and the Senate.
Second, Trump knows he has pulled off the greatest political comeback in American history — and he has no intention of wasting his second chance.
He is well aware that he cannot run for re-election, so he will act to secure his legacy – and quickly.
This administration will, as has been well reported, launch with a series of executive orders, many of which are intended to undo dozens of hasty diktats issued in the waning days of President Joe Biden’s term.
But beyond the initial cleanup, I think Trump will focus on four key priorities:
I’ve spoken a lot with President Donald Trump in recent months and my expectations for his first 100 days in office are very high.

Trump will have virtually unlimited control over Washington DC for two years before the midterm elections threaten to undermine the Republican Party’s narrow majorities in the House of Representatives and the Senate.

This administration will, as has been well reported, launch with a series of executive orders, many of which are intended to undo dozens of hasty diktats issued in the waning days of President Joe Biden’s term.
Tax cuts and deregulation
Trump’s goal is to cut the federal corporate tax from 21 percent to 15 percent.
If he can’t do that, simply securing an extension of his 2017 Tax Cuts and Jobs Act (which had lowered the rate to 21, while Biden once proposed raising the rate to 28 percent) will prove attractive for businesses and the investments pouring into America.
And that means more jobs, more opportunities, more growth!
There is, of course, disagreement about how Trump will cut tax rates and perhaps reduce tax revenues without worsening America’s $27 trillion debt crisis. But the only way for the US to get out from under this mountain of borrowed money is to grow its economy. Trump will make that possible.
And his plan to reduce wasteful government spending through Elon Musk’s Department of Government Efficiency (DOGE) could very well make up the difference in any lost tax revenue. Musk has suggested he could save as much as $2 trillion.
Trump and Musk’s DOGE will also focus on rolling back burdensome government regulations on the banking, cryptocurrency, agriculture and transportation sectors, taking another burden off the backs of corporations.
Taken together, these reforms will unleash American entrepreneurs and workers.
New world power
Trump wants to renegotiate U.S. trade deals, but I’m most excited about his enthusiasm for creating a new economic union between the U.S. and Canada.
In one move, Trump could create the world’s largest economic engine—one that focuses on freedom of speech and democracy.
Canadians are intrigued by this idea. Of course, they don’t want to give up sovereignty, but there is a middle ground when it comes to establishing new trading arrangements and a secure shared border that serves business interests.
I also have no doubt that Trump will follow through on his promise to close the U.S.-Mexico border to rampant illegal immigration.
One of the most exciting possibilities of an economic union between the US and Canada is the creation of a ‘uni-passport’ – a passport that would be available to both Americans and Canadians and allow them to easily study in each other’s countries and to work.

Trump’s plan to reduce wasteful government spending through Elon Musk’s Department of Government Efficiency (DOGE) could very well make up the difference in lost tax revenue.
Rates as a tool
There has been much scaremongering over Trump’s promises to impose tariffs on imported goods, as hysterical critics say this will sour international relations and send consumer prices soaring.
This kind of general panic is based on a misunderstanding of Trump’s plan. He won’t keep charging rates forever. As is always the case with Trump, the tariff is a weapon in his arsenal that can be deployed when necessary.
Trump will use tariffs to gain short-term leverage over foreign companies such as European automakers and, most importantly, the Chinese government.
Tariffs could also give Trump leverage over foreign policy. For example, he could impose tariffs on Mexico if their government does not help secure the U.S.-Mexico border.
However, if Trump leaves the tariffs in place for too long, I will worry about a return of inflation.
Under Biden, far too much money was pumped into the economy, leading to a crippling period of hyperinflation that put unsustainable pressure on millions of Americans.
The average salary in America is around $68,000. If the grocery bill shoots up by 22 percent in four years, there isn’t much left for those people to spend on housing, childcare and other necessities.
Trump is reluctant to return to those conditions.
Energy Freedom
The war between Ukraine and Russia has caused gas and oil prices to skyrocket in recent years and has had many knock-on effects on European countries that were dependent on Russia’s Vladimir Putin for their energy supplies.
No one wants this to happen in the US. It is right that one of Trump’s top priorities is to make America energy independent.
By building America’s energy sector and deregulating the oil and gas industry, Trump will increase energy security and reduce costs for both businesses and individuals.
U.S. energy exports to our allies will reduce their dependence on bad actors like Putin and the Chinese communist regime.