Trump begins his term with bold economic orders
US President Donald Trump issued a series of executive orders focusing on the economy, energy and trade on his first full day in office.
The moves mark a radical shift in policy from the previous administration, aiming to boost the domestic economy and increase conventional energy production.
Trump directed executive departments and agencies to take action to provide emergency relief to citizens as prices rise.
These measures included:
Reduce climate regulations and policies that increase costs.
Reducing housing costs and expanding housing supply.
Trump pointed out that the policies of the previous administration caused a historic inflation crisis, which requires urgent reforms.
Withdrawal from the Paris Treaty and lifting the ban on oil exploration
Trump announced the United States’ withdrawal from the Paris climate accord, justifying the decision by saying that “the interests of the American people come first”.
He also signed an executive order allowing oil drilling on 16 million acres of Arctic land, rescinding previous administration memoranda that had banned drilling and limited energy exploration.
He stressed that encouraging energy exploration and production on federal lands is a priority to enhance national security and reduce dependence on imports.
As part of a comprehensive plan to boost energy production, Trump declared a national energy emergency, vowing to increase strategic oil reserves and export it to global markets.
The plan included removing excess regulations to facilitate oil and gas production.
The administration also eliminated land leasing for wind farms, a move that reflects a major shift from previous climate policies that focused on renewable energy.
Regarding TikTok, Trump signed an order delaying the ban for 75 days, proposing that the United States own 50% of the app in exchange for allowing it to continue.
Trump explained that this stake would enable the US government to monitor the app and ensure data security.
On the trade front, Trump has revealed his intention to impose 25% tariffs on imports from Canada and Mexico, accusing the two countries of facilitating drug smuggling and people crossing the border.
He called for a comprehensive review of trade agreements with China, Mexico and Canada, noting that China hasn’t lived up to its commitments in the 2020 Phase One deal, which required it to increase its purchases of US exports.
Trump has ordered federal agencies to investigate the trade deficit and crack down on unfair trade practices, stressing the need to protect American workers and families from trade imbalances.
He has signaled his intention to address the trade imbalance with the European Union, threatening measures including tariffs and increased oil and gas exports to Europe.
These executive orders reflect a major shift toward traditional policies that boost domestic production and strengthen the national economy.
The steps Trump announced are aimed at combating inflation, increasing job opportunities, and reshaping the United States’ position in global energy and trade markets.
