Investing.com — Donald Trump has been inaugurated as the 47th president of the United States. The swearing-in ceremony was conducted by Chief Justice John Roberts. Alongside him, JD Vance took the oath of vice presidency, administered by Justice Brett Kavanaugh.

In his inauguration speech, President Trump promised the beginning of a golden era for America. He is set to initiate a series of executive actions, as per incoming White House officials.

These potentially include the commencement of a process to terminate birthright citizenship and the declaration of a national emergency on the US-Mexico border. It is also anticipated that Trump will grant pardons to some individuals involved in the January 6 riots on his first day in office.

“We will tariff and tax foreign countries to enrich our citizens,” Trump said during his address. “For this purpose, we are establishing the External Revenue Service to collect all tariffs, duties and revenues.”

The inauguration event was attended by a host of political leaders, former presidents, and influential billionaires. Among the notable guests were Elon Musk and Jeff Bezos. Country music artist Carrie Underwood was also present, performing the song “America the Beautiful.”

Before the transition of power, former President Joe Biden granted pardons to several individuals. These included Gen. Mark Milley, Dr. Anthony Fauci, and members of Congress who were part of the committee investigating the events of January 6.

Preemptive pardons were also issued for Biden’s siblings, James and Frank, his sister Valerie, and their respective spouses.