President Donald Trump was sworn in because the forty seventh US president on Monday.
Incoming White House officials told reporters that Trump would sign executive orders in his first days in office, possibly including his Rally on Monday evening. The orders are expected to deal with economic issues reminiscent of inflation and tariffs and echo remarks made by the president himself at his inauguration.
“Today I will be signing a series of historic executive orders,” Trump said his inaugural speech. “With these actions, we will begin the full restoration of America and the common sense revolution. It’s just a matter of common sense.”
US President Donald Trump gives his inaugural speech. Photo by Kenny Holston-Pool/Getty Images
The first economic regulations Trump addressed in his inaugural address were inflation and energy.
Trump claimed that inflation was as a consequence of rising energy costs and excessive government spending. He said he would work to “rapidly reduce costs and prices” by signing an executive order declaring a national energy emergency so the U.S. can produce and export more of its own oil and gas.
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“We will lower prices, replenish our strategic reserves to the top and export American energy around the world,” Trump said.
White House officials told ABC News reporters that the move would create jobs and reduce regulations within the energy industry.
Accordingly, the United States was the world’s largest exporter of motor gasoline in 2023, supplying greater than 16% of total global exports the US Energy Information Administration.
Accordingly, no president has yet declared a “national energy emergency.” E&E Newsthough President Jimmy Carter has declared regional energy emergencies, including one in Pennsylvania in 1978.
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Trump can be expected to sign an executive order ending the Biden administration’s term Electric vehicle mandatewhat gave greater than $1 billion in incentives through tax credits for the acquisition of electrical vehicles.
“We will revoke the electric vehicle mandate to save our auto industry and keep my sacred promise to our great American autoworkers,” Trump said in his inaugural address, adding: “We will build cars in America again at a pace that no one can imagine.” would have made us dream.” possible just just a few years ago.
White House officials said Trump expects to finish the electrical vehicle mandate “as quickly as possible” via executive order.
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Another economic policy order Trump talked about in his speech was the creation of the External Revenue Service to gather tariffs and taxes from foreign countries.
“Instead of taxing our citizens to enrich other countries, we will tax and tax foreign countries to enrich our citizens,” Trump said.
Trump also said he would create the Department of Government Efficiency (DOGE), which might reform government bureaucracy and reduce inefficiencies. He first announced the department in November.
