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Investing.com- President-elect Donald Trump is preparing to declare a national emergency to give him more power to boost the domestic energy industry and scale back other climate change policies, Bloomberg reported on Monday. .
Trump’s emergency announcement is expected to take place on the first day of his second term, which will officially begin later on Monday, a Bloomberg report said.
Trump is expected to introduce new policies that allow oil and gas development in other Federal lands, while reducing new energy development measures introduced by the Joe Biden Administration that are emerging on transition issues. of climate change, a Bloomberg report said.
Trump reiterated his plans to increase domestic energy production when he spoke at a “victory” rally in Washington on Sunday. He also highlighted his plans to curb illegal immigration.
Trump is expected to sign at least hundreds of executive orders on the first day of his administration. A Fox News Digital report said Trump could sign more than 200 executive orders on his first day in office — the most of any President in American history.
Earlier reports said Trump plans to declare a national economic emergency to help push his plan for higher trade tariffs against China and other major economies. The president-elect took a hawkish stance against China on the campaign trail, threatening at least a 60% tariff on all Chinese goods.
However, recent reports have said that Trump may use a fixed rate system, in order to gain more negotiating power and eliminate their regulatory influence.
The president-elect did not comment on his tariff plans when he spoke at Sunday’s meeting.
