Trump to declare national emergency to unlock new powers- Bloomberg By Investing.com

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 on Monday.

Trump’s declaration of a state of emergency is expected to take place on the first day of his second term, which officially begins later Monday, according to a Bloomberg report.

Trump is expected to outline new policies that would allow oil and gas production on more federal lands while easing restrictions on new energy development that were imposed by the outgoing Joe Biden administration over climate change concerns, according to a Bloomberg report. :

Trump reiterated his plans to boost domestic energy production during a “victory lap” rally in Washington on Sunday, and he also highlighted 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 Fox News Digital report said Trump could sign more than 200 orders on his first day in office, the most by any president in US history.

It was previously reported that Trump plans to declare a national economic emergency to help push his agenda of higher trade tariffs against China and other major economies. set for all Chinese products.

Still, recent reports suggest Trump may take a tougher approach to tariffs to gain more bargaining power and offset their regulatory impact.

The newly elected president did not mention his tariff plans during his speech at the Sunday rally.