Investing.com– President-elect Donald Trump is preparing to declare a national emergency to give him more power to boost the nation’s energy sector and also roll back some climate change policies, Bloomberg reported Monday .
Trump’s emergency declaration is expected to take place on the first day of his second term, which officially begins later Monday, according to the Bloomberg report.
Trump is expected to introduce new policies allowing oil and gas development on more federal lands, while reducing restrictions on new energy development put in place by the outgoing Joe Biden administration over climate change issues, according to the Bloomberg report.
Trump reiterated his plan to boost domestic energy production during a speech at a “victory lap” rally in Washington on Sunday. He also underlined his intention to fight against illegal immigration.
Trump is expected to sign at least hundreds of executive orders on his first day in office. A report from Fox News Digital said Trump could sign more than 200 orders in his first day in office, the most of any president in U.S. history.
Earlier reports indicated that Trump planned to declare a national economic emergency to also help advance his agenda of increasing tariffs against China and other major economies. The president-elect took a hawkish stance toward China during his election campaign and threatened to impose tariffs of at least 60 percent on all Chinese imports.
Yet recent reports indicate that Trump may take a tiered approach to tariffs, in order to gain more negotiating power and offset their regulatory impact.
The president-elect made no mention of his tariff plans during his speech at Sunday’s rally.