In his first public appearance as the newly declared President of the United States, Donald Trump has reiterated several of his broad claims and campaign promises, including taking control of the Panama Canal, as well as establishing a “foreign revenue service” that will apparently be responsible for collecting profits from the tariffs that his administration intends to impose. Donald Trump also reiterated his promise to refill the US Strategic Petroleum Reserve, a commodity reserve that President Trump famously dipped into during his first term in an attempt to shore up a huge funding gap in the US budget. US government caused by disproportionate tax cuts that reduced federal funding revenues.
Highlights
Trump orders US agencies to take emergency measures to reduce the cost of living.
Trump: I will sign a series of executive orders today.
Trump: I will lead the cabinet to defeat record inflation.
Trump: I will also declare a national energy emergency today.
Trump: I will replenish strategic reserves and export American energy around the world.
Trump: I will repeal the electric vehicle mandate.
Trump: I will begin a reform of the trade system.
Trump: I will impose tariffs and taxes on foreign countries to enrich our citizens.
Trump: We will establish a foreign revenue service.
Trump: We will establish a department of government efficiency.
Trump will withdraw from the Paris climate agreement
Trump: We will take back the Panama Canal.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
