Investing.com — President-elect Donald Trump is preparing to declare a national emergency to give him more powers to boost the domestic energy industry as well as roll back some climate change policies, Bloomberg reported Monday.
The Bloomberg report stated that the state of emergency is expected to be declared by Trump starting on the first day of his second term, which will officially begin later on Monday.
Trump is expected to outline new policies allowing oil and gas development on more federal lands, while reducing restrictions on new energy developments put in place by the outgoing Joe Biden administration on climate change issues, the Bloomberg report said.
Trump reiterated his plans to boost domestic energy production when he spoke at a “victory lap” rally in Washington on Sunday. He also stressed his plans to eliminate 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 stated that Trump may sign more than 200 orders on his first day in office, the largest number of any president in US history.
Previous reports said Trump was planning to declare a national economic emergency to also help advance his agenda of increasing trade tariffs against China and other major economies. The president-elect took a hard line against China during his election campaign, threatening to impose a tariff of at least 60% on all Chinese imports.
However, recent reports suggest that Trump may adopt a staggered approach to tariffs, in order to gain more bargaining power and offset their regulatory impact.
The president-elect did not mention his tariff plans when he spoke at Sunday's rally.
