Investing.com– President-elect Donald Trump is preparing to declare a national emergency to give him more authority to boost the domestic energy industry and also scale back some climate change policies, Bloomberg reported Monday.
Trump’s declaration of emergency is expected to follow on the first day of his second term, which will officially begin later Monday, according to a Bloomberg report.
Trump is expected to unveil new policies that allow oil and gas development on more federal lands, while also easing restrictions on new energy development imposed by the outgoing Joe Biden administration over climate change, according to a Bloomberg report.
Trump reiterated his plans to increase domestic energy production when he spoke at a “Victory Circle” rally in Washington on Sunday. He also emphasized his plans to crack down on illegal immigration.
Trump is expected to sign at least hundreds of executive orders on the first day of his administration. A report from Fox News Digital says Trump could sign more than 200 executive orders in his first day in office — the most of any president in US history.
Earlier reports said Trump plans to declare a national economic emergency to also help push through his agenda of higher trade tariffs against China and other major economies. During the campaign, the newly elected president emphasized a tough attitude towards China and threatened tariffs of at least 60% on all Chinese imports.
However, recent reports suggest that Trump may adopt a gradual approach to the tariffs, in order to gain more bargaining power and neutralize their regulatory effect.
The president-elect did not mention his tariffs when he spoke at Sunday’s rally.
