President-elect Donald Trump plans to declare a national energy emergency upon taking office, aiming to increase energy production and lower costs by approving new drilling, pipelines, refineries, power plants, and reactors. He intends to establish a National Energy Council led by North Dakota Gov. Doug Burgum and issue executive orders to reverse Biden administration energy policies. Trump could invoke emergency authorities related to power generation and fuel supply, potentially waiving environmental rules and ordering power plants to run at maximum capacity.
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As Trump’s tariff deadline looms, economists see calm before the storm | Trade War
Despite initial warnings of economic fallout from President Trump's tariffs, the US economy has shown resilience with low inflation and strong employment. However, economists caution that the long-term effects may manifest as uncertainty causes firms to delay decisions, and rising tariffs could ultimately harm growth and reduce global GDP significantly. Want More Context? 🔎
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