President Donald Trump was sworn in on Monday as the 47th president of the United States.
Future White House Officials he told reporters that Trump would sign executive orders in his first days in office, and possibly in his own meeting on Monday evening. The orders are expected to address economic issues such as inflation and tariffs, echoing remarks made by the President himself at his inauguration.
“Today I will be signing a series of historic executive orders,” Trump said his inaugural address. “With these actions, we will begin the complete restoration of America and the revolution of common sense. It's all about common sense.”
US President Donald Trump delivers his inaugural address. Photo by Kenny Holston-Pool/Getty Images
The New York Times estimates that Trump has promised to sign close to 100 executive orders in the following days.
The first economic executive order that Trump addressed in his inaugural address was related to inflation and energy.
Trump claimed that inflation was due to rising energy costs and government overspending. He declared that he would work to “rapidly lower costs and prices” by signing an executive order declaring a national energy emergency so the US could produce and export more oil and gas.
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“We're going to lower prices, fill our strategic reserves back to the top, and export American energy all over the world,” Trump said.
White House officials told ABC News reporters that the measure would create jobs and reduce regulations around the energy industry.
The US was the world's largest exporter of motor gasoline in 2023, supplying more than 16% of total global exports, according to US Energy Information Administration.
No president has declared a “national energy emergency” before, according to E&E Newsalthough President Jimmy Carter declared regional energy emergencies, including one in Pennsylvania in 1978.
Trump is also expected to sign an executive order ending the Biden administration mandate of electric vehicleswhich gave more than 1 billion dollars in incentives through tax credits for the purchase of electric vehicles.
“We will repeal the electric vehicle mandate, saving our auto industry and keeping my sacred promise to our great American workers,” Trump said in his inaugural address, adding: “We will build cars in America again at a pace no one could have dreamed possible just a few years ago.”
White House officials said Trump expects to end the electric vehicle mandate through executive order “as soon as possible.”
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Another economic executive order that Trump talked about in his speech was the creation of the Foreign Revenue Service, to collect duties and taxes from foreign countries.
“Instead of taxing our own citizens to enrich other countries, we will tax and tax foreign countries to enrich our own citizens,” Trump said.
Trump also said he would establish the Department of Government Efficiency, or DOGE, which is designed to reform the government bureaucracy and reduce inefficiencies. He first announced the department in November.