With the presidential inauguration of Donald Trump and the convening of a Republican-dominated House and Senate, it is clear that America is in for some radical policy changes. AFter eagerly awaiting this moment for eight years of the Obama administration, Republican congressmen will not delay instituting these changes. The real winners under the new administration and its policies have also become apparent: American corporations.

To begin with, President Trump and congressional Republicans have already expressed their interest in repealing many of the environmental regulations passed during the Obama presidency. The administration will likely attempt to reverse the Clean Power Plan, which set quotas for the reduction of carbon dioxide emissions for each state. President Trump has also claimed that he will “cancel” the Paris climate agreement, a proposal approved by more than 190 countries last year to mitigate the effects of global climate change. It is likely that the administration will drastically cut the Environmental Protection Agency’s budget. For America’s dying coal industry, these cut regulations may slightly prolong their inevitable decline, but the regulations will undoubtedly greatly increase greenhouse gas emissions and other forms of environmental harm.

The President has been touted as a “job creator” with his plans to slash corporate tax rates and raise tariffs on foreign goods. This is a highly-misleading accolade to award him. While President Trump’s proponents will point to Ford’s recent decision to reinvest in American manufacturing as evidence of the success of his tactics, it is a Pyrrhic victory for the American laborer. For one, the seven hundred jobs created by the company are a weak political statement when compared with the 199,000 men and women currently employed by Ford.

These seven hundred jobs are also unlikely to be blue collar manufacturing jobs imagined by the American public. The reality is that American manufacturing is becoming increasingly automated as technology improves and becomes more cost efficient than the cost of labor. While this is a difficult reality for those losing jobs in manufacturing, the percent of Americans employed in manufacturing has been on the decline since the 1950s per the Bureau of Economic Analysis. As a result, President Trump’s proposed ten percent tariff would accomplish little in the way of employing Americans and would instead jack up prices of cheap foreign goods, taking money out of the pocket of the American consumer and giving it to wealthy American corporations.

Undoubtedly, American corporations will do exceedingly well under a Trump presidency. Cuts in regulations and taxes, and increases in tariffs will serve to greatly increase the profits of these massive companies. As for the average American, however, these policies will accomplish almost nothing in terms of job creation, devastate the environment, and increase the price of goods across the board.