U.S. President Donald Trump signed an executive order on the 22nd (local time) aimed at lowering housing costs, which includes reducing mortgage insurance burdens and expanding the supply of prefabricated homes.

This move is interpreted as an effort to appeal to voters by introducing measures to lower housing costs, as high inflation has emerged as a major issue ahead of the midterm elections.

Through the executive order, President Trump instructed the Federal Housing Finance Agency (FHFA) to establish a pilot program that automatically terminates mortgage insurance payments once homeowners who have received a mortgage secure a certain level of home equity based on current property values.

Mortgage insurance is typically required when home buyers take out a loan with a down payment of less than 20% of the home's value.

The initiative aims to reduce housing cost burdens by automatically exempting these insurance payments when property values rise or loan balances are paid down so that the loan-to-value ratio drops below a certain threshold.

The White House stated that this will "eliminate significant monthly expenses for qualifying Americans nationwide."

Additionally, President Trump ordered the creation of a task force aimed at improving the quality and lowering the construction costs of prefabricated homes, which are manufactured in factories and assembled on-site.

On the same day, President Trump also signed a proclamation directing negotiations with relevant trading partners under Section 232 of the Trade Expansion Act, stating that imports of foreign wind power equipment and components could threaten U.S. national security.

According to the proclamation, the Department of Commerce determined through an investigation that cybersecurity vulnerabilities in foreign wind power equipment and components could disrupt power supplies, and that wind power facilities could interfere with aviation safety and the operation of military and meteorological radars.

In response, President Trump instructed the Department of Commerce and the Office of the U.S. Trade Representative (USTR) to pursue negotiations with relevant trading partners and report on the progress within 180 days.

While this measure does not immediately impose new tariffs, additional import restriction measures such as tariffs could be considered depending on the outcome of future negotiations.